Artpace announced today that it has received a contribution of $250,000 in support of the newly-formed Artist Residency Endowment Fund from the Linda Pace Foundation. The goal of this fund, announced as part of Artpace’s 25th anniversary year, is to ensure financial support for the International Artist-in-Residence program in perpetuity. With this gift, Artpace has raised more than $2.5 million in the first 16 months of its multi-year endowment campaign.

The Foundation also announced that it will advance the remaining principal in an annuity established by Linda Pace in 2005. This annuity, managed by the Foundation, will provide Artpace with a final sum of $1,196,000 toward the operations of its International Artist-in-Residence program.

“We are grateful for this public demonstration of support from the Linda Pace Foundation for our Endowment Campaign, which is essential to securing our future,” said Patricia Ruiz-Healy, Chair of Artpace’s Board of Trustees. “Though our organizations are separate in their missions and structures, they share important roots, most notably through Linda Pace, our visionary founder. This major contribution recognizes the significance of Artpace’s distinct mission to the cultural fabric of San Antonio and supports our ongoing vision as an independent organization dedicated to bringing Texas, national, and international artists to San Antonio to create new work.”

“The Foundation’s hope is that by making this contribution to Artpace’s Endowment Campaign in honor of its exceptional work, we will encourage others in the community and beyond to step up and do the same,” said Kathryn Kanjo, President of the Board of Trustees of the Linda Pace Foundation. “Artpace and its outstanding residency program have demonstrated their enduring value to the cultural arts of San Antonio and the contemporary art community at large by bringing in new people and new ideas and giving selected artists the ability to make challenging, innovative works that are shown internationally. At the same time, Artpace’s financial independence means that our Foundation can focus exclusively on its core mission, supporting the array of exhibitions and programs at Ruby City.”