The press release about the Pierre Lassonde Family Foundation donation:
News Release June 28, 2022 The Pierre Lassonde Family Foundation today announced a $25 million donation to the City of Toronto to create a new waterfront public art trail. This donation, the single largest arts-related gift the City has ever received, will serve as a prominent and enduring...
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Pierre Lassonde Family Foundation donates $25 million to City of Toronto to create new waterfront public art trail
June 28, 2022
The Pierre Lassonde Family Foundation today announced a $25 million donation to the City of Toronto to create a new waterfront public art trail. This donation, the single largest arts-related gift the City has ever received, will serve as a prominent and enduring legacy for ArtworxTO: Toronto’s Year of Public Art.
Mayor John Tory was joined for today’s announcement at Sugar Beach by Councillor Joe Mihevc (Spadina-Fort York), Councillor Paula Fletcher (Toronto-Danforth), Julie Lassonde and Michael Gibbens from the Lassonde family and Steve Diamond, Chair of Waterfront Toronto.
The donation includes $10 million to commission two landmark permanent art works, and up to $15 million to establish a new non-profit organization that will manage the art trail, with the intention of raising additional matching funds to sustain the organization over the long term.
The donation will create the new, outdoor public art trail in parks along the banks of the new mouth of the Don River in Toronto’s transformed Port Lands. Waterfront Toronto is building the parks, as part of the Port Lands Flood Protection Project. The art trail will be a free, open-air route and will be curated by a new non-profit organization to be endowed by this gift. Two permanent pieces – one by a leading Canadian artist and another by an international artist – will anchor the trail. A rotating cycle of contemporary installations from local, national and international artists will also be featured.
A City staff report to Toronto City Council at its meeting of 19 and 20 July will seek authority to negotiate and enter into agreements to accept the public artwork donations in the coming months. If approved, the Pierre Lassonde Family Foundation will appoint an executive director for the new non-profit organization, to be called the Lassonde Art Trail, and launch an international competition to commission the two new signature art works, in partnership with the City and Waterfront Toronto.