Building on its long-standing commitment to libraries worldwide and to The New York Public Library in particular, the Stavros Niarchos Foundation is partnering with The New York Public Library and the City of New York to support the complete renovation of the system’s largest circulating branch, Mid-Manhattan Library.
The Foundation’s transformational $55 million gift will support the creation of a modern, central branch to hold the Library’s largest circulating collection and offer countless programs for children, teens, and adults. In addition, it will help establish an inspiring “Midtown campus” that will reconnect the circulating library with the Library’s iconic research center, the Stephen A. Schwarzman Building, across Fifth Avenue, creating a free, open destination for thought and ideas in the center of Midtown. The gift also establishes an endowment for programming at the renovated library. The Mid-Manhattan Library renovation is expected to be complete in 2020, when the building will reopen as The Stavros Niarchos Foundation Library (SNFL), a testament to the importance of this gift as well as the Foundation’s extensive previous support. In total, the Foundation has supported the Library with grants of over $60 million. The Library’s Board of Trustees Executive Committee approved the renaming at a recent meeting, and it was announced at the full Board of Trustees meeting this evening.
The gift is the second largest individual gift in the history of the Library, and contributed to a record year of private fundraising: in Fiscal Year 2017, the Library raised $133.38 million in new major gift commitments, more than in any other year in its history.
“This gift is a culmination of the Stavros Niarchos Foundation’s long-standing and unwavering commitment to libraries around the globe,” said Library President Tony Marx. “We are so appreciative of the Foundation’s generosity, vision, and support as we transform our largest central branch into the library New Yorkers deserve and have never had. The project—also supported by our partners in New York City government—will allow for more use and a better flow of ideas and learning back and forth across Fifth Avenue.”
“With over 21 years of global grant-making history, the Stavros Niarchos Foundation has committed significant resources towards supporting public institutions across each of its four main programmatic areas. Public libraries are paradigmatic public institutions offering communities an array of critical services that extend far beyond the lending of books. The varied roles of public libraries place them, more than ever before, at the heart of our civic societies, at a time when many had been predicting their demise,” said Andreas Dracopoulos, Co-President of the Stavros Niarchos Foundation. “We are very proud of this new partnership with NYPL, which continues a long and impactful collaboration. Our shared vision is that this landmark gift will not only transform one of the city’s most democratic and accessible spaces, Mid-Manhattan’s central circulating branch, but will also create a hub of knowledge, creativity, and innovation in the center of one of the world’s greatest cities.”
The Stavros Niarchos Foundation (SNF) is one of the world’s leading private, international philanthropic organizations, making grants in the areas of arts and culture, education, health and sports, and social welfare. The SNF has a long-established relationship with The New York Public Library, supporting educational programs and exhibitions that make the work and collections of the Library more accessible to all. In that vein, the SNF is currently working closely with NYPL and the Revson Foundation on a program to make one-day passes to cultural institutions available for checkout in branches across all three New York City library systems.
The SNF has also shown unwavering commitment to libraries around the world, supporting, among other projects, the construction of the new facilities for the National Library of Greece at The Stavros Niarchos Foundation Cultural Center (SNFCC) in Athens, designed by Renzo Piano Building Workshop.