The National Foundation for Advancement in the Arts has announced that its YoungArts program received $39 million from the sale of two donated paintings.
At a Sotheby's auction held last week, Claude Monet's Le Bassin aux Nymph�as (The Water Lily Pond) (1917-19) was sold for $22 million, while Amedeo Modigliani's Jeanne H�buterne (Au Chapeau) (Jeanne H�buterne with a Hat) (1917) fetched $17 million. The net proceeds from the sales will be used to endow a series of initiatives designed to help NFAA expand its mission as it works to identify young, emerging artists and assist them at critical stages in their careers.
The new initiatives will target high school students, educators, and the YoungArts network of more than sixteen thousand alumni, as well as support the development of a curriculum that aims to teach valuable core skills, provide meaningful experiences and feedback, and offer support to teachers working to facilitate a broader appreciation for the arts.
"We are thrilled to receive this transformational gift, which moves our program forward by thirty years in a single leap and provides an exciting occasion for others to join in support," said YoungArts president and CEO Christina DePaul. "With this extraordinary donation and with the partnership of outstanding foundations, corporations, and individuals around the nation, we can move forward dramatically in fulfilling the original vision of our founders, Ted and Lin Arison, who always wanted YoungArts to touch and influence young people and their communities throughout the country."