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Corcoran Defines Split

May 16, 2014

The Corcoran Gallery of Art will dissolve as expected, leaving more than half of its art to the National Gallery (with the rest going to other, preferably local galleries) and its educational facilities to George Washington University. The Washington Post has reported that the Corcoran will use $48 million of endowment money and rug sale proceeds to fund the split. The National Gallery will take over part of the Corcoran’s exhibit space to show art from both institutions’ collections, and GW will use some of the rest for its own purposes. (WCP)

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