The Sydney Morning Herald reported last week on the substantial gift by Simon and Catriona Mordant of $15 million to launch the Museum of Contemporary Art in Sydney:

The unprecedented commitment will come from Simon Mordant, MCA Foundation head and joint chief executive of investment bank Greenhill Caliburn Partners, and Mordant’s wife, Catriona. Mordant recently pocketed $65 million through the sale of Caliburn to US firm Greenhil & Co, the Australian Financial Review reported last month.

The Mordants’ gift will be met by a joint $26 million commitment from the federal and NSW governments, as well as a $1 million donation from the City of Sydney and $7.45 million from other private donors, according to a statement on the MCA’s website. The new wing, to be named the Mordant Wing, will extend the size of the MCA by roughly two thirds.

Art of Giving: $15m Single Donation Boosts MCA Plan (Sydney Morning Herald)