The New York Times announces that the New Museum has secured $43m in funding to expand:

The collector and philanthropist Toby Devan Lewis, one of the museum’s longtime supporters, provided a gift to begin the effort, the biggest single donation in the institution’s history, though the museum is not disclosing the amount, at Ms. Lewis’s request. Lisa Phillips, its director, said that while a physical expansion was sorely needed — given the increase in annual attendance from 60,000 to more than 400,000 since its move from SoHo in 2007 — the money was important primarily to give the museum the ability to try new programs and ideas.

“We’ve known for a long time that we wanted an expansion, but we’ve been thinking about what an expansion means for a museum like this,” said Ms. Phillips, who has overseen the institution for 17 years. “We own the building next door, and it just makes sense to use it. But it was also about thinking about ways to create a parallel structure there, to make something that’s different and a counterpoint to this building.”

New Museum Plans Expansion After Raising $43 Million (The New York Times)