The New York Public Library recently announced that they have received a landmark $55 Million gift from the Stavos Niachos Foundation for the renovation and transformation of the Mid-Manhattan Central Circulating Branch. The building will reopen in 2020 under the name "Stavros Niarchos Foundation Library", and will establish an endowment to further support ongoing public programs at the newly completed branch.
The Foundation’s transformational $55 million gift will support the creation of a modern, central branch to hold the Library’s largest circulating collection and offer countless programs for children, teens, and adults. In addition, it will help establish an inspiring “Midtown campus” that will reconnect the circulating library with the Library’s iconic research center, the Stephen A. Schwarzman Building, across Fifth Avenue, creating a free, open destination for thought and ideas in the center of Midtown. The gift also establishes an endowment for programming at the renovated library. The Mid-Manhattan Library renovation is expected to be complete in 2020, when the building will reopen as The Stavros Niarchos Foundation Library (SNFL), a testament to the importance of this gift as well as the Foundation’s extensive previous support. In total, the Foundation has supported the Library with grants of over $60 million.
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