PORTLAND, Ore. ( KOIN ) — Bank of America has given the Portland Art Museum “one of the most significant capital investments in the arts in the history of Oregon.”
On Thursday, PAM revealed it received $500,000 from the national company. The award will go toward the campus’ ongoing transformation and help the museum launch the “Business Champions Circle.” The new initiative hopes to encourage businesses to invest in the central city’s civic and economic revitalization by supporting the arts.
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The recent donation “comes at a crucial time” for the downtown area, according to Bank of America Oregon and Southwest Washington President Roger Hinshaw.
“PAM is Portland’s preeminent visual arts organization, and this support for their transformation is a further demonstration of our ongoing commitment to responsible growth that we hope will serve as a larger catalyst — attracting others from the business community to support the Corporate Champions Circle — as we work together to bring back a vibrant and inclusive downtown,” Hinshaw added in a statement.