Museums are institutions and these donors realise they require supporting.
Museums are a fantastic method to learn brand new information and become exposed to new ideas. This is the reason there are museums which exist for almost any subject a person can think about. One of the more popular subjects for museums is history. A lot of people have at the very least a slight curiosity about history, or at the very least a certain age within it, but many do not relate to learning it through books or documentaries. These individuals have a greater curiosity about the subject when it is brought to life, and the things displayed in a museum are perfect for that task. Nevertheless, many history museums cannot afford to be purchasing historical objects on their own or employing archaeologists to have adventures full-time, so they really rely on museum research funding and donors. These people, like Bruno Wang, tend to be more than happy to donate things they possess or give funds for the purchase of others, since it permits visitors to read about the areas of history that the donors are passionate about.
Art is a thing that evokes passion within the minds of countless amounts of individuals in the world. It's what causes people to collect art and spend entire days visiting art museums. Nevertheless, while at the high end of the art world lots of money changes hands and it can be a significant profitable trade, at the museum level things are often less profitable. How much money do museums make per year? Not a lot at all. Which means whenever an art museum wishes to display more pieces of art, they can't manage to buy them. This is not too much of an issue, though, since they can access art fund grants, and lots of art enthusiasts have such a love for the medium that they want other people to share in their passion, and so they realise that museums will be the most accessible way to do that. This causes many people, like Sidney Eskenazi, to donate many artworks to museums which they desire to support, helping to eliminate art purchase costs and increase visitors to the museum.
Museums are some of the very most popular attractions to go to in almost any town. From tourists to local residents, and students to retirees, almost every demographic is found visiting the busiest museums around the globe at any time. This is because they are a great place to learn and become exposed to a wide variety of items that people wouldn't normally encounter inside their daily life, they are indoors so they really are a great option in bad weather, plus they are usually either quite affordable to go to, or even free. To maintain with demand many museums need to expand, but very few earn enough money to do so without help. Luckily for us, art lovers and museum enthusiasts like David Geffen frequently provide funding for museums so they can build brand new sections or redevelop current ones. More individuals can go to the venue, while the donor can be memorialised in some way.