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Aug. 6, 2014 /PRNewswire/ -- The Detroit Institute of Arts (DIA) announced today that Toyota Motor North America pledged
$1 million toward the DIA's commitment to raise
$100 million as part of a "grand bargain" that will help the
City of Detroit emerge from bankruptcy, support city pensioners and protect the museum's art collection for the public.
"Toyota has demonstrated its commitment to
Michigan by doing its part to secure the DIA's future while helping
Detroit's retirees," said
Eugene A. Gargaro Jr., DIA board chairman. "We are extremely grateful for Toyota's generous support and know that it will motivate other donors and help pave the way for a bright future, both for the
City of Detroit and the DIA."
Detroit and the surrounding areas are vitally important to the automotive community. They deserve our support," said
Simon Nagata, president of Toyota Motor Engineering and Manufacturing, Inc. "Together we can find solutions to help
Detroit become the healthy and vibrant community that reflects the spirit of its people. This commitment is a way to demonstrate our gratitude to the people who have built this industry and support us every day."
The grand bargain will provide
Detroit's pensioners more than
$800 million from the DIA, local and national foundations and the
State of Michigan over a 20-year period. The funds will be directed to a supporting organization of the Community Foundation for
Southeast Michigan and then disbursed for city pension payments over the next 20 years. As part of the grand bargain, the
City of Detroit will transfer ownership of the DIA's collection, building and related assets to the private nonprofit corporation that currently operates the museum, Detroit Institute of Arts, Inc.
About Detroit Institute of Arts (DIA)
The Detroit Institute of Arts (DIA), one of the premier art museums in
the United States, is home to more than 60,000 works that comprise a multicultural survey of human creativity from ancient times through the 21st century. From the first Van Gogh painting to enter a U.S. museum (
Self-Portrait, 1887), to
Diego Rivera's world-renowned
Detroit Industry murals (1932–33), the DIA's collection is known for its quality, range and depth. The DIA's mission is to create opportunities for all visitors to find personal meaning in art.
Programs are made possible with support from residents of
Toyota (NYSE:TM), the world's top automaker and creator of the Prius, is committed to building vehicles for the way people live through our
Toyota, Lexusand Scion brands. Over the past 50 years, we've built more than 25 million cars and trucks in
North America, where we operate 14 manufacturing plants (10 in the U.S.) and directly employ more than 40,000 people (more than 32,000 in the U.S.). Our 1,800 North American dealerships (1,500 in the U.S.) sold more than 2.5 million cars and trucks (more than 2.2 million in the U.S.) in 2013 – and about 80 percent of all Toyota vehicles sold over the past 20 years are still on the road today. For more information about Toyota, visit
SOURCE Toyota; Detroit Institute of Arts