Bucking the downward trend that has plagued the boardrooms of most museums during the recession, the San Francisco Museum of Modern Art announced Thursday that it has raised $250 million over the last several months, allowing it to double the size of its endowment and put $150 million toward an ambitious expansion.

The expansion is necessary partly because the museum is to be the home of the extensive art collection of Don and Doris Fisher, co-founders of the Gap clothing chain, who announced in September, shortly before Mr. Fisher’s death, that they would lend their works to the museum instead of placing them in a museum of their own they had planned to build in San Francisco’s Presidio park.


Randy Kennedy
New York Times