The $650 Million Expansion Project is one of the Largest Campaigns for an American
Art Museum. The PEM Advancement Campaign includes a $350 million addition to the current $280 million endowment, $200 million for a 175,000-square-foot expansion designed by Rick Mather Architects, and $100 million to support creative new installations of the collection, several infrastructure improvements to existing facilities and other advancement initiatives.
The $350 million endowment increase will cover all increased operating and program
costs for an expanded facility; support continued development of the museum's
distinctive exhibitions, publications, curatorial and education programs; and enable continuation of a strong financial base.