News: Woah! The Petersen Automotive Museum Has Just Been Gifted $5m

Woah! The Petersen Automotive Museum Has Just Been Gifted $5m

By News Desk
January 17, 2019

How’s this for a 25th anniversary present? The Petersen Automotive Museum in Los Angeles has received a $5 million gift from the Otis Booth Foundation in order to help “to explore and present the history of the automobile and its global impact on life and culture using Los Angeles as a prime example”. The catch? There’s not a catch, unless you count the Petersen’s offer to rename its History Floor as the Otis Booth History Floor. Seems a fair trade. If you’re wondering who Otis Booth is, he was actually Franklin Otis Booth Jr., a Los Angeles-based philanthropist, investor and an executive at the LA Times. He passed in 2008 aged 84. Booth made his money through his early investment in US conglomerates company Berkshire Hathaway, and in 1967 set up the Otis Booth Foundation, which is known for its multi-million-dollar gifts to local institutions supporting education, the arts, hospitals and youth programs.

Otis Booth also once held the role of chairman on the board of the Natural History Museum of Los Angeles, which was involved in the founding of the neighboring Petersen Automotive Museum. “We are grateful for the magnanimous support given to us by the Otis Booth Foundation in honor of its namesake Otis Booth, whose passion for the conservation of historical artifacts resonates with us deeply,” said Petersen Automotive Museum executive director Terry L. Karges. “As we move into our silver anniversary, this gift inspires us to take stock and give back to our community by continuing Otis Booth’s vision and legacy.” As an aside, Otis Booth was second cousin and close friend of Otis Chandler, another newspaper executive, whose many interests included classic cars and motorcycles. Chandler’s collection was kept in a building in Oxnard, California – which is now home to the Mullin Automotive Museum, founded by Peter Mullin, also chairman of the Petersen. Now that’s full circle!

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Gary Stokley
Gary Stokley
1 year ago

Looks fantastic! The museum is a public attraction and they are important for the cultural development and education of people, just like books. I recently wrote a literature review of a self-improvement book. And although I’m interested in such literature, I had difficulties with writing. I used the help of the professional literature service and prepared a wonderful work. I hope that someday I’ll cope with such tasks on my own.

1 year ago

Wow! Great news! Thanks for sharing! I wish I could visit this museum one day!
I am keen on automobiles and finance topics as I work at an accounting homework help service and I like cars! Once I was at the retro cars exhibition and since there I’ve fallen in love with such events!