The Ackland Art Museum received its largest donation to date from Massachusetts couple Sheldon and Leena Peck in January 2017. The gift, valued at $25 million, includes approximately $17 million in donated artwork and $8 million in cash. Staff writer Tiffani Gibbs asked Katie Ziglar, museum director, about what the museum will do with the money.
The Daily Tar Heel: Can you explain the Sheldon Peck Endowment that the museum received in January?
Katie Ziglar: So the Pecks gave a collection of art, and then they also gave $8 million in total. $7.5 million of that is going to be used for an endowment, and $500,000 is spendable. The ($500,000) is going to be used for various things to get the collection up and running, and we are going to create a major exhibition of the whole collection and a big catalog to go with it with lots of scholarly articles in it and a tour for (the collection) for several domestic museums and maybe this tour to go abroad. We don’t know yet.
(Of) the $7.5 million, $5 million of it is for a curator. The earnings from that $5 million will pay for the salary and benefits for the curator, and research, travel and things like that. The rest of the money will be for endowment for the purchase for the other works of art. It will generate income that we can use to buy anything that is American or European up to 1950 — except prints. The curator can be someone who is either more of a specialist or more of a generalist in either European or American art up to 1950. It’s a very broad position.
DTH: What is the collection going to consist of?