BEVERLY HILLS, CA.- The Academy of Motion Picture Arts and Sciences announced that it has received a $25 million commitment from The David Geffen Foundation for the Academy Museum of Motion Pictures. The gift was made as part of the Academy Museum's $300 million capital campaign and is the largest commitment received to date. In recognition of this gift, the Academy will name the Museum's premiere-sized theater The David Geffen Theater.

"David's support of this project is transformative," said Academy Museum Campaign Chair Bob Iger. "It takes a large and diverse group of supporters to build a project on the scale of the Academy Museum. David joins an esteemed group of individuals, companies, and foundations who are leading the charge." The Academy launched the Museum's capital campaign in 2012 and has already secured more than half of the campaign's goal in commitments. The campaign is co-chaired by Annette Bening and Tom Hanks.

"I'm pleased to support the Academy Museum of Motion Pictures," added David Geffen. "This is an exciting opportunity to be part of the creation of an iconic architectural space and cultural institution that will combine the best of the old and the new and provide a permanent public home for the Academy's rich tradition of honoring the shining stars of the cinematic arts."

Designed by architects Renzo Piano and Zoltan Pali, the Academy Museum will be located next to the Los Angeles County Museum of Art (LACMA) in the historic Wilshire May Company building. Slated to open in early 2017, the Academy Museum will contain nearly 300,000 square feet of state-of-the-art galleries, exhibition spaces, theaters, screening rooms, education centers, and special event spaces.

The design for the Academy Museum fully restores the Wilshire and Fairfax street-front facades of the original 1939 Streamline Moderne building. It also includes a spherical wing at the northern end of the original building that will replace an extension made to the structure in 1946. Designed to represent the marriage of art and technology, the wing will house The David Geffen Theater and will be a spectacular new piece of contemporary architecture that will perfectly complement the historic building.

"David's enlightened philanthropy touches lives every day," said Dawn Hudson, the Academy's CEO. "His generosity and commitment to our museum are deeply inspiring to all of us working to make this long-held dream a reality."

The David Geffen Theater will be in operation throughout the year. Programming will include: premieres of films from an international roster of established and emerging filmmakers, major retrospectives, in-depth symposia that will illuminate the crafts of moviemaking, and high-profile special events.