Minneapolis Institute Of Arts Receives $8M Gift

MINNEAPOLIS (AP) -- The Minneapolis Institute of Arts has received an $8 million donation to endow the position of the museum's director and president.

The gift from the Duncan and Nivin MacMillan Foundation was given in honor of the museum's 100th anniversary in 2015. Kaywin Feldman has led the museum since 2008 and will be the first person to hold the newly endowed position.

Nivin MacMillan says the museum needs to attract great talent to its leadership to succeed in the future. She has served on the museum's board since 1997.

Feldman says an endowed position is more prestigious and signals donors' commitment to the museum. Feldman's $475,000 salary won't change.

MacMillan's husband was a longtime Cargill director who died in 2006.