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Spanning 10 countries, the 2026 selections highlight the program's global commitment to art conservation
Key Points
- Bank of America is awarding 18 Art Conservation Project™ grants to preserve significant artworks in 2026.
- This year's projects include the conservation of internationally renowned masterpieces, such as Rembrandt's The Night Watch, Picasso's The Old Guitarist, Matisse's La Négresse, and Titian's Bacchus and Ariadne.
- Previous projects include two copies of Magna Carta at the Society of Antiquaries of London, Claude Monet's Water Lilies at the Portland Art Museum and Chen Wen Hsi' Gibbons at the National Gallery Singapore.
- All conserved artworks will return to public display, reinforcing Bank of America's commitment to public access. Over 15,000 objects in 40 countries have been conserved through the Bank of America Art Conservation Project™ since 2010.
NEW YORK, April 24, 2026 /PRNewswire/ -- Bank of America announced today that 18 nonprofit cultural institutions across 10 countries will receive grants this year through the Bank of America Art Conservation Project™. The selected projects represent a wide range of artistic traditions and conservation needs, from fragile works on paper to paintings and objects requiring advanced preservation techniques.
This year's selections were unveiled at the Museum of Modern Art (MoMA) in New York City, which received an Art Conservation Project™ grant in 2019 for the conservation of Vincent van Gogh's The Starry Night. MoMA is currently hosting a Marcel Duchamp exhibition sponsored by BofA.
"Every artwork has its own story - which is sometimes hidden beneath varnish, cracked pigment or centuries of decay," said Brian Siegel, Global Arts, Culture & Heritage Executive at Bank of America. "Conservation is the quiet work that brings those stories forward today and for future generations. What stands out about this year's projects is the variety of techniques involved. Some require meticulous surface cleaning, and in others, conservators will use imaging tools that didn't exist even a decade ago. Regardless of the method, the goal is simple: to ensure these works remain visible, accessible and enjoyed by visitors for years to come."
All conserved works will return to public display, reinforcing BofA's commitment to public access. Since 2010, the Bank of America Art Conservation Project™ has supported over 15,000 conservation projects in 40 countries, helping safeguard historically and culturally significant works that are vulnerable to time and environmental stress.
This year's projects include:
- 13 lobby murals at the Apollo Theater in New York
- The Palms of the Arc de Triomphe at the Centre des Monuments Nationaux in Paris
- The Judgement of Paris by Jacob de Backer at the Chhatrapati Shivaji Maharaj Vastu Sangrahalaya (CSMVS) in Mumbai
- Transfiguration by Camillo Procaccini at Duomo di Milano in Milan
- Four seventeenth-century tapestries by Raphael de la Planche at the Isabella Stewart Gardner Museum in Boston
- More than 3,100 artworks at La Casa del Libro Museum in San Juan
- The Meeting of Dante and Virgil by Francesco Salviati, under the direction of Jan Rost, at the Minneapolis Institute of Art
- Juggler by Alice Rahon at the Montreal Museum of Fine Arts
- 52 paintings by Francisco Laso de los Ríos at Museo de Arte de Lima
- Baltazar de Borba Gato delivering the first shipment of gold from Brazil to the King of Portugal and José Bonifácio by Aldo Locatelli at Museu Paulista da Universidade de Sao Paulo
- La Négresse by Henri Matisse at the National Gallery of Art in Washington, D.C.
- The Night Watch by Rembrandt van Rijn at Rijksmuseum in Amsterdam
- Shadow Over the Land by Benny Andrews at the San José Museum of Art
- The Four Accomplishments and Immortal by Kano Sōgen Shigenobu at the Seattle Art Museum
- The Old Guitarist by Pablo Picasso at the Art Institute of Chicago
- With Liberty and Justice for All (A Work in Progress) by Jim Hodges at The Contemporary Austin
- Bacchus and Ariadne by Titian at the National Gallery in London
- Gaki Zōshi (Scroll of Hungry Ghosts) at the Tokyo National Museum
A brochure with additional information about selected projects is available here.
Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
At Bank of America, we believe that investing in the arts has a positive impact on our lives. We support a wide range of nonprofit organizations with funding and programming to help make the arts more accessible to communities around the world and to preserve works of art and heritage sites for generations to come. For more information about how we support the arts, please visit our Bank of America arts website.
For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.
Reporters may contact
AnnMarie McDonald, Bank of America
Phone: 1.332.234.8635
annmarie.mcdonald@bofa.com
Spanning 10 countries, the 2026 selections highlight the program's global commitment to art conservation
Key Points
- Bank of America is awarding 18 Art Conservation Project™ grants to preserve significant artworks in 2026.
- This year's projects include the conservation of internationally renowned masterpieces, such as Rembrandt's The Night Watch, Picasso's The Old Guitarist, Matisse's La Négresse, and Titian's Bacchus and Ariadne.
- Previous projects include two copies of Magna Carta at the Society of Antiquaries of London, Claude Monet's Water Lilies at the Portland Art Museum and Chen Wen Hsi' Gibbons at the National Gallery Singapore.
- All conserved artworks will return to public display, reinforcing Bank of America's commitment to public access. Over 15,000 objects in 40 countries have been conserved through the Bank of America Art Conservation Project™ since 2010.
NEW YORK, April 24, 2026 /PRNewswire/ -- Bank of America announced today that 18 nonprofit cultural institutions across 10 countries will receive grants this year through the Bank of America Art Conservation Project™. The selected projects represent a wide range of artistic traditions and conservation needs, from fragile works on paper to paintings and objects requiring advanced preservation techniques.
This year's selections were unveiled at the Museum of Modern Art (MoMA) in New York City, which received an Art Conservation Project™ grant in 2019 for the conservation of Vincent van Gogh's The Starry Night. MoMA is currently hosting a Marcel Duchamp exhibition sponsored by BofA.
"Every artwork has its own story - which is sometimes hidden beneath varnish, cracked pigment or centuries of decay," said Brian Siegel, Global Arts, Culture & Heritage Executive at Bank of America. "Conservation is the quiet work that brings those stories forward today and for future generations. What stands out about this year's projects is the variety of techniques involved. Some require meticulous surface cleaning, and in others, conservators will use imaging tools that didn't exist even a decade ago. Regardless of the method, the goal is simple: to ensure these works remain visible, accessible and enjoyed by visitors for years to come."
All conserved works will return to public display, reinforcing BofA's commitment to public access. Since 2010, the Bank of America Art Conservation Project™ has supported over 15,000 conservation projects in 40 countries, helping safeguard historically and culturally significant works that are vulnerable to time and environmental stress.
This year's projects include:
- 13 lobby murals at the Apollo Theater in New York
- The Palms of the Arc de Triomphe at the Centre des Monuments Nationaux in Paris
- The Judgement of Paris by Jacob de Backer at the Chhatrapati Shivaji Maharaj Vastu Sangrahalaya (CSMVS) in Mumbai
- Transfiguration by Camillo Procaccini at Duomo di Milano in Milan
- Four seventeenth-century tapestries by Raphael de la Planche at the Isabella Stewart Gardner Museum in Boston
- More than 3,100 artworks at La Casa del Libro Museum in San Juan
- The Meeting of Dante and Virgil by Francesco Salviati, under the direction of Jan Rost, at the Minneapolis Institute of Art
- Juggler by Alice Rahon at the Montreal Museum of Fine Arts
- 52 paintings by Francisco Laso de los Ríos at Museo de Arte de Lima
- Baltazar de Borba Gato delivering the first shipment of gold from Brazil to the King of Portugal and José Bonifácio by Aldo Locatelli at Museu Paulista da Universidade de Sao Paulo
- La Négresse by Henri Matisse at the National Gallery of Art in Washington, D.C.
- The Night Watch by Rembrandt van Rijn at Rijksmuseum in Amsterdam
- Shadow Over the Land by Benny Andrews at the San José Museum of Art
- The Four Accomplishments and Immortal by Kano Sōgen Shigenobu at the Seattle Art Museum
- The Old Guitarist by Pablo Picasso at the Art Institute of Chicago
- With Liberty and Justice for All (A Work in Progress) by Jim Hodges at The Contemporary Austin
- Bacchus and Ariadne by Titian at the National Gallery in London
- Gaki Zōshi (Scroll of Hungry Ghosts) at the Tokyo National Museum
A brochure with additional information about selected projects is available here.
Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
At Bank of America, we believe that investing in the arts has a positive impact on our lives. We support a wide range of nonprofit organizations with funding and programming to help make the arts more accessible to communities around the world and to preserve works of art and heritage sites for generations to come. For more information about how we support the arts, please visit our Bank of America arts website.
For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.
Reporters may contact
AnnMarie McDonald, Bank of America
Phone: 1.332.234.8635
annmarie.mcdonald@bofa.com
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
Historic Artworks Receive Funding through BofA's Art Conservation Project™
JAKARTA, Indonesia, April 24, 2026 /PRNewswire/ -- Amid the increasing complexity of development challenges and the need to accelerate national economic growth, PT Sarana Multi Infrastruktur (Persero) ("PT SMI") reaffirmed its role as a catalyst for sustainable development through the organization of the PT SMI Symposium 2026, held in conjunction with the SMI Environmental and Social Safeguards (ESS) Awards. The event, held at Ayana Midplaza, Central Jakarta, on Wednesday, April 22, 2026, forms part of the series commemorating PT SMI's 17th anniversary. Minister of Finance of the Republic of Indonesia, Purbaya Yudhi Sadewa, was in attendance and delivered strategic insights on the importance of strengthening development financing and multi-stakeholder collaboration to drive sustainable national economic growth.
"Amid global uncertainty, we must ensure that the real sector continues to grow and that liquidity in the financial system remains well maintained. The Government will continue to promote faster and higher-quality economic growth while maintaining fiscal discipline. At the same time, the Government cannot finance all development needs on its own. Therefore, the state budget must act as a catalyst, particularly for projects with high multiplier effects. In this context, collaboration with institutions such as PT SMI is crucial in strengthening development financing and accelerating inclusive and sustainable economic growth," said Purbaya.
Carrying the theme "Accelerating Economic Growth through Infrastructure Development," the forum brought together government officials, academics, business players, and development partners to formulate policy directions, strengthen cross-sector collaboration, and promote innovative and sustainable infrastructure financing.
The symposium featured two main subtopics: "Why Infrastructure is Key to Economic Growth?" and "Regional Infrastructure Financing in Supporting Equitable Economic Growth." Prominent figures in economics and development shared their insights, including Darmin Nasution, Bambang Brodjonegoro, Didik J. Rachbini, Danang Parikesit, Suminto, Arief Anshory Yusuf, Raksaka Mahi, as well as Director of Public Financing and Project Development of PT SMI, Faaris Pranawa.
The President Director of PT SMI, Reynaldi Hermansjah, emphasized that future development challenges require a paradigm shift from merely financing projects to creating measurable impact. "Going forward, infrastructure development is not only about the scale of financing, but also about how such financing can generate tangible economic, social, and environmental impact. PT SMI remains committed to strengthening its role as a Development Finance Institution (DFI), serving as an enabler in fostering a collaborative and sustainable development ecosystem," said Reynaldi.
Over the past 17 years, PT SMI has committed financing amounting to IDR 275 trillion, with a total project value reaching IDR 1,183 trillion. This support has contributed to the creation of 10.9 million jobs and approximately 0.5% of Indonesia's GDP. With financing distributed across all regions of Indonesia, PT SMI believes that investment in quality infrastructure plays a crucial role in reducing regional disparities and improving economic efficiency. This is further supported by research-based financing generated through the SMI Institute.
On the same day, PT SMI also held the ESS Awards as a form of recognition for best practices in implementing environmental and social principles among its debtors. In addition to providing appreciation, the awards aim to strengthen the implementation standards of Environmental and Social Safeguards (ESS) and encourage broader adoption of sustainable business practices across sectors.
The ESS Awards assessment was conducted through a comprehensive approach combining both compliance and performance aspects. Compliance aspects include the fulfillment of Corrective Action Plans (CAP) and periodic reporting obligations, while performance aspects evaluate timeliness, quality of on-site implementation, financing quality, and exposure to negative publicity. To ensure objectivity and depth, the evaluation process applied both quantitative and qualitative methods, including panel discussions.
From PT SMI's entire debtor portfolio, this year's awards were granted to 10 entities demonstrating outstanding and consistent performance in ESS implementation:
- PT Angkasa Pura Indonesia
- PT PLN (Persero)
- PT Jasamarga Kunciran Cengkareng
- PT Medco Cahaya Geothermal
- PT Air Bersih Jakarta
- PT Jasamarga Manado Bitung
- Southeast Sulawesi Provincial Government
- PT Krakatau Tirta Industri
- PT Dumai Tirta Persada
- PT Adhi Jalintim Riau
"ESS Awards represent our appreciation for debtors who have demonstrated strong commitment to environmental and social principles. Through this recognition, PT SMI aims to encourage wider adoption of sustainable business practices across sectors. This initiative also reinforces that sustainability is not merely a principle, but an operational standard integrated into every financing activity, reflecting the Company's active role in ensuring impactful and sustainable development," Reynaldi concluded.
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About PT Sarana Multi Infrastruktur (Persero) ("PT SMI")
PT Sarana Multi Infrastruktur (Persero) ("PT SMI"), established on February 26, 2009, is a State-Owned Enterprise under the coordination of the Ministry of Finance of the Republic of Indonesia, operating as a Non-Bank Financial Institution. PT SMI acts as a sustainable development agent and has three business pillars: Commercial Financing, Public Financing, and Advisory & Project Development.
PT SMI has various functions and unique product/features to support the acceleration of infrastructure development, not only as a financing institution but also as an enabler through Public-Private Partnership (PPP) schemes involving various private and multilateral financial institutions. PT SMI actively supports PPP implementation and encourages the acceleration of regional infrastructure development through subnational loan products.
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
Attended by Finance Minister Purbaya, PT SMI Holds Symposium to Accelerate Sustainable Development
