Stavros Niarchos Foundation landmark gift of $55 million to NYPL (video)

NEW YORK – Building on its long-standing commitment to libraries worldwide and to The New York Public Library in particular, the Stavros Niarchos Foundation (SNF) is partnering with The New York Public Library and the City of New York to support the complete renovation of the system’s largest circulating branch, Mid-Manhattan Library.

The Foundation’s transformational $55 million gift will support the creation of a modern, central branch to hold the Library’s largest circulating collection and offer countless programs for children, teens, and adults. In addition, it will help establish an inspiring “Midtown campus” that will reconnect the circulating library with the Library’s iconic research center, the Stephen A. Schwarzman Building, across Fifth Avenue, creating a free, open destination for thought and ideas in the center of Midtown. The gift also establishes an endowment for programming at the renovated library.

The New York Times reported on the historic gift, announced on September 13, noting that the “100,000 square-foot renovated circulating library, designed by the lesser-known Dutch firm Mecanoo, will not be without eye-catching design features, including what the library describes as the only free, publicly accessible roof terrace in Midtown.” The SNF gift is the second-largest in the Library’s history, as the Times reported, after the $100 million donated in 2008 by Stephen A. Schwartzman for the iconic Fifth Avenue Beaux-Arts building just across from the Mid-Manhattan branch.

Read more here.

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Source: thenationalherald.com