UNC Receives $10 Million Commitment for Art Museum, Heart Disease Research

The University of North Carolina at Chapel Hill has announced a $10 million commitment from alumnus Hugh A. "Chip" McAllister, Jr. that includes a collection of art for the Ackland Art Museum and funds to expand an endowment dedicated to heart disease research at the university's School of Medicine.

Valued at $5.5 million, the gift to museum is the single largest in its history and includes signature works by nineteenth-century painters Albert Bierstadt and Thomas Moran; examples by members of the Taos School such as Oscar Berninghaus, E.L. Blumenschein, and Joseph Sharp; and contemporary sculptures by Willem de Kooning, Allen Houser, Jesus Moroles, and Reuben Nakian, as well as several examples of Native American pottery and textiles.

In all, McAllister's commitment comprises more than a hundred and fifty paintings, sculptures, and artifacts. Pieces not going to the Ackland will be sold, with the proceeds, estimated to be as much as $2.5 million, going to expand an existing endowment that supports the UNC McAllister Heart Institute at the medical school and early career cardiovascular medicine researchers. In addition, McAllister has committed $2 million in support of the institute.

"I deeply admire and respect UNC-Chapel Hill as an institution," said McAllister, who completed his medical degree at UNC in 1966. "I'm happy to be able to support its extraordinary mission to serve the people of North Carolina. Being able to share my love of American art while simultaneously helping to eradicate the most deadly disease in the U.S. fulfills a dream for me."

"UNC Receives $10 Million Commitment for Art Collection, Heart Disease Research." University of North Carolina at Chapel Hill Press Release 04/12/2012.