Tuesday, September 22, 2020
By Press ReleasePhilanthropy & Nonprofits

Bank of America Invests $750,000 to Cheech Marin Center for Chicano Art

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The company’s largest grant ever awarded in the region will shape The Cheech

For more information, visit www.thecheechcenter.org

Riverside, Calif. (December 17, 2019) – The Cheech Marin Center for Chicano Art, Culture & Industry of the Riverside Art Museum has received a $750,000 philanthropic investment from Bank of America. This comes as museum fundraising for the campaign is nearing its winter deadline. The grant is the bank’s single largest award to an organization in the Inland Empire. 

Nicknamed “The Cheech”, the museum will be one of the first dedicated to Chicano art, featuring approximately 700 paintings, drawings, sculptures and other works Mr. Marin has collected over 30 years. The collection is considered the largest private collection focused on Chicano art. It will be housed in a refurbished 61,420-square foot building next door to the historic Mission Inn that opened as the Riverside Public Library in 1964. Bank of America’s contribution brings the total amount raised to date to nearly $14 million.

 

Bank of America SVP, Market President, Inland Empire, Al Arguello presents Cheech Marin with the monumental $750,000 gift to The Cheech.

 

“I am very grateful to Bank of America for its commitment and for seeing the promise of The Cheech,” says comedian, actor and collector Cheech Marin. “This significant leadership gift from a major corporation known worldwide signals how much this Center is needed not only regionally, but nationally and internationally.”

“The Cheech is estimated to generate over $20 million annually for the region, which is another demonstration of the power of the arts in helping our local economy thrive, while educating and enriching our community,” said Al Arguello, Bank of America, Senior Vice President, Market President, Inland Empire. “This philanthropic capital investment is aimed to spur capital campaigns to attract the remaining funds needed to make Riverside the next world class arts destination.”

In addition to the Bank of America grant, The Cheech continues to draw the interest from individual donors across Southern California. Since June 2018, nearly 500 individuals and 43 organizations have invested in the project and/or various Cheech fundraiser events.

 

Cheech expresses his gratitude to Bank of America and all of the funders that helped The Cheech reach its fundraising goal.


Bank of America is a leading corporate supporter of the arts. Among its many programs is the Art in our Communities® program, through which local museums and nonprofit galleries can borrow complete exhibitions at no cost from the bank, including several Latino shows such as the recent “Luces y Sombras,” helping them increase traffic and revenue. Bank of America has also supported the restoration and conservation of dozens of art works by Latino artists through the Bank of America Art Conservation Project.

The city of Riverside will go out to bid for renovation contractors this winter, with project renovations slated to begin Fall 2020 and an estimated opening date in Fall 2021.

“We look forward to The Cheech becoming a major addition to our arts and culture corridor in downtown Riverside,” Riverside Mayor Rusty Bailey said. “This world-class institution will give people yet another reason to come to the downtown of Inland Southern California while boosting the economic fortunes of our existing businesses.”

 

 

About the Riverside Art Museum

The Riverside Art Museum (RAM) integrates art into the lives of people in a way that engages, inspires, and builds community by providing high quality exhibits and art education programs that instill a lifelong love of the arts. RAM relies on the generosity of members and donors to support its exhibitions, education programs, and special events. A 60-plus-year-old, nonprofit cultural arts institution housed in a National Historic 1929 building designed by Hearst Castle and AIA Gold Medal-winning architect Julia Morgan, the museum welcomes over 50,000 visitors a year. The museum is open Tuesday-Saturday, 10 a.m. to 4 p.m. and Sunday, noon to 4 p.m. For information on exhibits, events, classes, memberships, or sponsorship opportunities, visit www.RiversideArtMuseum.org. For information about the proposed Cheech Marin Center for Chicano Art, Culture & Industry of the Riverside Art Museum, visit www.riversideartmuseum.org/cheech. To learn more about The Cheech and the collection, visit https://thecheechcenter.org.

About Cheech Marin

Cheech Marin is recognized today as a preeminent Chicano art advocate. In the mid-1980s, he began developing what is now arguably the finest private collection of Chicano art. In addition to artwork loans to numerous institutions, this notable collection has been featured in over a dozen exhibitions produced and shown at more than 50 museums in the U.S. and Europe to date, including the Smithsonian, LACMA, and the de Young Museum in San Francisco. Comprised of mostly paintings, followed by drawings, prints, and mixed-media artworks, then sculptures and photography, the collection will serve as the core of The Cheech Marin Center for Chicano Art, Culture & Industry of Riverside Art Museum. A long-term goal of The Cheech is to supplement and expand the collection with Chicano artists, media, and subject matter not currently included through acquisitions and donations from artists and their estates, art collectors and dealers, and institutions.

About Bank of America

At Bank of America, we’re guided by a common purpose to help make financial lives better, through the power of every connection. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. Learn more at about.bankofamerica.com, and connect with us on Twitter (@BofA_News).

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Inland Empire Business Journal
The Inland Empire Business Journal (IEBJ) is the official business news publication of Southern California’s Inland Empire region - covering San Bernardino & Riverside Counties.