Dallas Museum of Art Announces Marguerite and Robert Hoffman Fund

The Dallas Museum of Art today announced a major gift from DMA trustee and past chairman Marguerite Steed Hoffman that was conceived to expand and enhance the Museum’s collection of European art, primarily of the Renaissance and Baroque eras, through the establishment of a $17 million endowment.

Marguerite HoffmanMarguerite Hoffman. Photo: Courtesy of Dallas Museum of Art.

The gift creates a $13,600,000 restricted acquisitions endowment and a $3,400,000 operating endowment in support of pre-1700 European acquisitions, exhibitions, and programs. This new fund more than doubles the DMA’s acquisition endowment and brings total funds in support of the Museum’s acquisitions to 50,000,000.

The European collection of the Dallas Museum of Art is particularly strong in late 19th- and early 20th-century works, with the most significant collection of French impressionism and post-impressionism in the region. But its collection of old master paintings is comparatively modest. A recent fundraising campaign culminating in an offer to purchase Leonardo da Vinci’s Salvator Mundi (c. 1499–1512), while not accepted, encouraged Mrs. Hoffman to make this gift in support of the DMA’s collection.

ven prior to this gift, Marguerite and Robert Hoffman were already among the greatest benefactors in the Museum’s history. In February 2005, the Dallas Museum of Art announced the unprecedented gift of modern and contemporary collections from Marguerite and Robert Hoffman, Cindy and Howard Rachofsky, and Deedie and Rusty Rose. The idea behind the joint gift came from the Hoffmans, who at the time co-chaired the Centennial Campaign, which was launched in 2003–04 to ensure the Dallas Museum of Art’s continuing stability and growth. To jump-start the campaign, the Hoffmans issued a bold challenge: If the Museum reached its goal for the first phase of the campaign, they would bequeath to the Dallas Museum of Art their art collection and an endowment to care for the collection as well as make a generous gift to the campaign. Their action provided the foundation for a successful campaign that ultimately raised over $185 million.

The modern and contemporary collections, today including masterworks by Jasper Johns, Robert Rauschenberg, Cy Twombly, Brice Marden, Gerhard Richter, and many other contemporary masters, greatly enhanced the DMA’s representation of European and American art of the late 20th and 21st centuries. This latest act of generosity by Mrs. Hoffman will add significantly to a different facet of the DMA’s growing collection. www.dallasmuseumofart.org