# Cleveland Museum of Art (CMA)

Cleveland Museum of Art (CMA) is an Endowment / Foundation based in Cleveland, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Cleveland, United States
- **Region:** North America
- **Address:** 11150 East Blvd, Cleveland, OH 44106, United States
- **Founded:** 1913
- **Assets under management:** 920 (Altss estimate)
- **Website:** clevelandart.org
- **LinkedIn:** https://www.linkedin.com/company/cleveland-museum-of-art

## Regulatory record

- **Reports private funds:** No

## About

The Cleveland Museum of Art opened in 1916 after its establishment as a trust in 1913 by Hinman Hurlbut, John Huntington, and Horace Kelley. The museum occupies a 1916 neoclassical building with later expansions by Marcel Breuer and Rafael Viñoly on Wade Park land. The endowment holds direct ownership of the main campus valued near $350 million, the Transformer Station venue, and Wade Park land. It also maintains private equity fund commitments and biotech fund exposure through the Cleveland Museum of Art Foundation and Pension Fund. Geographic reach centers on the United States with participation in global events such as the Venice Biennale. The institution employs Cambridge Associates as investment advisor and Northern Trust as custodian. It maintains two supporting foundations established in 1913 and 1971. April 2024 sponsorship of the Shahzia Sikander exhibition at the Venice Biennale marked its most recent documented external activity. Governance separates the museum operating entity from the Cleveland Museum of Art Foundation, which manages endowment assets and investment activities under a distinct board structure.

## Sectors

- Collectibles & Passion Assets
- Real Estate
- Philanthropic / Mission-Related Investing

## People

- William M. Griswold — Director and President
- Virginia N. Barbato — Chair of the Board of Trustees

## Questions

### Who runs investment decisions at Cleveland Museum of Art (CMA)?

William M. Griswold serves as Director and President. Virginia N. Barbato chairs the Board of Trustees and Ellen Stirn Mavec chairs the Finance Committee. Cambridge Associates provides external investment advisory services.

### Does Cleveland Museum of Art (CMA) participate in fund commitments or only direct deals?

The endowment holds limited partner positions in private equity funds and biotech funds through the Cleveland Museum of Art Foundation and Pension Fund. Direct ownership covers real estate assets including the main campus and Transformer Station.

### How is Cleveland Museum of Art (CMA) related to its supporting foundations?

The Cleveland Museum of Art Foundation, established in 1913, manages endowment assets and investment activities as a supporting organization. A second General Endowment Fund Trust was created in 1971.

### What investment stages does Cleveland Museum of Art (CMA) typically target?

The endowment focuses on long-term holdings in real estate, collectibles, and private equity commitments. No specific stage preferences for venture or growth equity are disclosed in available records.

### Which sectors does Cleveland Museum of Art (CMA) explicitly avoid?

No explicit avoidance sectors are stated. The endowment maintains exposure to financial services, healthcare, and real estate through its documented holdings and commitments.

## Related profiles

- [SSNIT](https://altss.com/profile/ssnit)
- [Deerfield Academy](https://altss.com/profile/deerfield-academy)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/cleveland-museum-of-art-cma

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