The New Museum of Contemporary Art, founded in 1977 by Marcia Tucker, is a museum in New York City, the only museum worldwide that is exclusively devoted to presenting contemporary art from around the World. The museum originally opened in a space in the Graduate Centre of the then-named New School for Social Research at 65 Fifth Avenue. The New Museum remained there until 1983, when it rented and moved to the first two and a half floors of the Astor Building at 583 Broadway in the SoHo neighborhood. Collection: When she founded the museum, Marcia Tucker decided it should buy works and sell them 10 years later so that its collection would always be new. It was an innovative plan that was never carried out. In 2000, the museum accepted its first corporate donation of artworks. The museum now has a modest collection of about 1,000 works in many media. In 2004, it joined forces with the Museum of Contemporary Art, Chicago and the Hammer Museum in Los Angeles in raising $110,000 from two foundations -- $50,000 from the American Center Foundation and $60,000 from the Peter Norton Family Foundation-to help pay for commissioning, buying, and exhibiting the work of emerging young artists. Exhibitions: Past and Present: The Museum presents the work of under-recognized artists, and has mounted ambitious surveys of important figures such as Ana Mendieta, William Kentridge, David Wojnarowicz, Paul McCarthy and Andrea Zittel before they received widespread public recognition. In 2003, the New Museum presented the highly regarded exhibition Black President: The Art and Legacy of Fela Anikulapo-Kuti. Continuing its focus of exhibiting emerging international artists, the museum organized the much discussed and visited exhibition, The Generational: Younger Than Jesus, in 2009.
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