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Foundation pledges $500M to create more diverse public monuments in US, doubling previous commitment

Since 2020, the Andrew W. Mellon Foundation has spent nearly $173 million on 80 completed or ongoing monument projects across 37 states, supporting a broader and more diverse range of stories in the nation’s public spaces. On Tuesday, the arts and humanities philanthropy announced it would double its original commitment of $250 million over the next five years, pledging a total of $500 million for its Monuments Project.

The foundation said the half-a-billon-dollar commitment is the largest multiyear funding initiative in its history. “I feel proud that we’ve been catalysts and contributors to a larger conversation in the nation about monuments,” said Elizabeth Alexander, the foundation’s president.

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