Billionaire Donates $1.9 Billion to Art Museum Where He Lives (2)

Billionaire Mitchell Rales gave $1.9 billion to his Glenstone Foundation, one of the largest-ever gifts to the arts.

The donation, disclosed in Glenstone’s 2021 tax return, brings the foundation’s net assets to $4.6 billion — nearly the same as New York’s Metropolitan Museum of Art. The funds support a Maryland sculpture park and museum that Rales and his wife Emily founded in 2006 — and where they have their personal residence to this day.

Located about 15 miles (24 kilometers) from Washington, Glenstone’s extensive collection of modern art — including works by Cy Twombly, Robert Gober, Charles Ray and Brice ...