Pérez Art Museum Miami Capital Campaign Receives $5 Million Contribution

MIAMI - December 7, 2012 - Miami Art Museum (MAM) Director Thom Collins announced today that the Museum received a $5 million contribution to the capital campaign for its new, Herzog & de Meuron-designed facility, opening as Pérez Art Museum Miami (pammiami.org) in December 2013. The gift from Constance and Miguel B. ‘Mike’ Fernandez and family, Chairman, MBF Healthcare Partners, brings the total private donations raised to $75.5 million, exceeding the campaign’s bricks-and-mortar goal by over $3 million.

“On behalf of the Museum and the public we serve, I want to express our gratitude to Mike Fernandez for his incredible generosity,” said Collins. “This community is so fortunate to have great leaders like Mike Fernandez who believe in the transformative role that a museum can play in the life of our city and who are willing to step up and invest to make this public resource a reality. With the funds for bricks and mortar raised, we are now focused on building the endowment for the Museum’s growing collection and programming.”

“We are blessed to be in a position to contribute to this beautiful art facility and to the role it will play in Miami towards the development of art education for our children, the community at large and for those most in need,” said Miguel B. ‘Mike’ Fernandez. “I have fond memories as a child in New York developing an early appreciation for the arts by visiting its iconic art landmarks. I want others less fortunate to enjoy the same feeling when they visit Miami’s emerging art institutions as well.”

Miguel B. ‘Mike’ Fernandez currently serves as Chairman of MBF Healthcare Partners, L.P., a private equity firm with committed capital in excess of $500 million located in Coral Gables, Florida. The firm invests in numerous healthcare services companies nationwide including Simply Healthcare Plans and Navarro Discount Pharmacy. He currently serves on the board of directors of MEDNAX, Inc. (NYSE: MD). His community service endeavors include serving on the boards of the United Way of Miami-Dade County and the University of Miami. He is also Vice Chairman of the University of Miami Medical Affairs Committee. Fernandez has been honored frequently in recognition of his business acumen and community service.

Opening in December 2013 as Pérez Art Museum Miami (PAMM), the new facility features 32,000 square feet of galleries and 200,000 square feet of programmable space, a waterfront restaurant, outdoor plaza, education complex and more.  The project is being realized through a public/private partnership: a dramatic location on Biscayne Bay has been provided by the City of Miami; the voters of Miami-Dade County have approved $100 million in bond funding; and private donors including corporations, foundations and individuals have provided $75.5 million to date in additional support for the building and institutional endowment. Miami Art Museum will reopen as Pérez Art Museum Miami (PAMM) in recognition of developer and long-time museum trustee and supporter Jorge M. Pérez’ now $40 million gift of cash and art. The value of the gift, first announced late last year, increased from $35 million as a result of the value of the art chosen by MAM’s curators for the Museum’s permanent collection.

About Miami Art Museum
Miami Art Museum, a modern and contemporary art museum located in downtown Miami, FL, is dedicated to collecting and exhibiting international art of the 20th and 21st centuries with an emphasis on the cultures of the Atlantic Rim—the Americas, Europe and Africa—from which the vast majority of Miami residents hail. Miami Art Museum’s educational programming currently reaches nearly 35,000 people every year, with the largest art education program outside the Miami-Dade County Public Schools. Miami Art Museum will reopen as Pérez Art Museum Miami in fall of 2013 in downtown Miami’s Museum Park. The new, expanded museum, designed by Herzog & de Meuron, will provide room to showcase growing collections, expanded exhibition space to bring more world-class exhibitions to Miami-Dade County and an educational complex. For more information about Miami Art Museum, visit miamiartmuseum.org or call 305.375.3000.

The new Pérez Art Museum Miami is supported by the Building Better Communities Bond Program and the Mayor and Board of County Commissioners of Miami-Dade County. Accredited by the American Association of Museums, Miami Art Museum is sponsored in part by the State of Florida, Department of State, Division of Cultural Affairs and the Florida Arts Council, and the National Endowment for the Arts; with the support of Miami-Dade County Department of Cultural Affairs, the Cultural Affairs Council, the Mayor and the Board of County Commissioners. Miami Art Museum is an accessible facility. For sign language interpretation or assistive listening devices, please call Miami Art Museum’s education department 305.375.4073 at least two weeks in advance. Materials in accessible format may be requested.