Toyota Commits $1 Million to Help the City of Detroit and Secure the Future of the Detroit Institute of Arts

August 06, 2014
DETROIT (August 6, 2014) — The Detroit Institute of Arts (DIA) announced today that Toyota Motor North America pledged $1 million toward the DIA’s commitment to raise $100 million as part of a “grand bargain” that will help the City of Detroit emerge from bankruptcy, support city pensioners and protect the museum’s art collection for the public.

“Toyota has demonstrated its commitment to Detroit and Michigan by doing its part to secure the DIA’s future while helping Detroit’s retirees,” said Eugene A. Gargaro Jr., DIA board chairman. "We are extremely grateful for Toyota’s generous support and know that it will motivate other donors and help pave the way for a bright future, both for the City of Detroit and the DIA.”
 
“Detroit and the surrounding areas are vitally important to the automotive community. They deserve our support,” said Simon Nagata, president of Toyota Motor Engineering and Manufacturing, Inc.  “Together we can find solutions to help Detroit become the healthy and vibrant community that reflects the spirit of its people. This commitment is a way to demonstrate our gratitude to the people who have built this industry and support us every day.”
 
The grand bargain will provide Detroit’s pensioners more than $800 million from the DIA, local and national foundations and the State of Michigan over a 20-year period. The funds will be directed to a supporting organization of the Community Foundation for Southeast Michigan and then disbursed for city pension payments over the next 20 years. As part of the grand bargain, the City of Detroit will transfer ownership of the DIA’s collection, building and related assets to the private nonprofit corporation that currently operates the museum, Detroit Institute of Arts, Inc.


###
About Detroit Institute of Arts (DIA)
 
The Detroit Institute of Arts (DIA), one of the premier art museums in the United States, is home to more than 60,000 works that comprise a multicultural survey of human creativity from ancient times through the 21st century. From the first Van Gogh painting to enter a U.S. museum (Self-Portrait, 1887), to Diego Rivera's world-renowned Detroit Industry murals (1932–33), the DIA’s collection is known for its quality, range and depth. The DIA’s mission is to create opportunities for all visitors to find personal meaning in art.

Programs are made possible with support from residents of Wayne, Oakland and Macomb counties.
 
About Toyota
 
Toyota (NYSE:TM), the world's top automaker and creator of the Prius, is committed to building vehicles for the way people live through our Toyota, Lexus and Scion brands.  Over the past 50 years, we’ve built more than 25 million cars and trucks in North America, where we operate 14 manufacturing plants (10 in the U.S.) and directly employ more than 40,000 people (more than 32,000 in the U.S.).  Our 1,800 North American dealerships (1,500 in the U.S.) sold more than 2.5 million cars and trucks (more than 2.2 million in the U.S.) in 2013 – and about 80 percent of all Toyota vehicles sold over the past 20 years are still on the road today.   For more information about Toyota, visit www.toyotanewsroom.com. 
Media Contacts
DIA - Pamela Marcil
313-833-7899
pmarcil@dia.org
 
Toyota - Cynthia Mahalak
734-788-3214
cynthia.mahalak@tema.toyota.com
Categories
Tags
toyota philanthropy

< back

Related Photos

2014 Center for Automotive Research - Management Briefing Seminars - Simon Nagata
2014 Center for Automotive Research - Management Briefing Seminars - Simon Nagata

2014 Center for Automotive Research - Management Briefing Seminars - Simon Nagata

Simon Nagata, president/CEO of Toyota Motor Engineering and Manufacturing, Inc., (right) and Michigan Governor Rick Snyder compare Shinola watches after Nagata shares the news of Toyota’s $1MM contribution to Detroit’s Grand Bargain. 
Download High Res.
You must be logged in to view this item.




This area is reserved for members of the news media. If you qualify, please update your user profile and check the box marked "Check here to register as an accredited member of the news media". Please include any notes in the "Supporting information for media credentials" box. We will notify you of your status via e-mail in one business day.

Copyright Notice

All materials on this site are for editorial use only. The use of these materials for advertising, marketing or any other commercial purpose is prohibited. They may be cropped but not otherwise modified. To download these materials, you must agree to abide by these terms.