Vail councilman, Kent Logan, gives $60 million gift to Denver museum
March 9, 2006
VAIL – Vail Town Councilman Kent Logan and his wife, Vicki, have pledged a $60 million gift to the Denver Art Museum, the museum announced this week.It’s the largest planned gift ever given to the 113-year-old museum.”My hope is that this will act as a catalyst to really galvanize the continued interest in the visual arts community in Denver,” Kent Logan said.Dianne Vanderlip, curator of modern and contemporary art at the Denver Art Museum, said the gift is a huge boost for contemporary art at the museum.
“We were already pretty good, but this is just, ‘Oh my God, the lights are really on,'” Vanderlip said.The Logans wanted to continue the momentum the Denver Art Museum has been building with the opening of a new addition and a growing endowment, Logan said.The bequest also includes the donation of the Logans’ 15,000-square-foot home and gallery on Potato Patch Road in Vail.”The attempt here is to create a close working relationship between the Vail Valley and Denver and hopefully promote a joint collaboration,” he said.
The gallery wouldn’t become a public museum, Logan said. It would stay a private gallery and could host smaller, private shows, he said. The home could also be a retreat for art scholars, Vanderlip said.The home and gallery are worth about $15 million. The Logans also gave an additional $5 million for the maintenance of the house and gallery.Almost all of the $60 million pledge will be given to the museum after the Logans die.The gift should increase Vail’s presence in the arts scene, Vanderlip said.
“This story is going to be picked up by the national and international press,” she said. “It’s going to say Vail, Vail, Vail.” Susan Mackin Dolan, an Edwards artist, agreed the gift could help for the Vail arts scene.”We could get to see some great art up here and maybe have artists-in-residence, curators-in-residence,” she said. “We definitely could use that boost.”The gift also includes all of the art in the couple’s private collection that has not already been promised to the Denver museum. That brings the total amount promised to the museum to more than 550 artworks, including paintings, sculptures, photographs, drawings and installations. The latest bequest of art is worth about $30 million.The artists include Andy Warhol, Ed Ruscha, Cindy Sherman, Jeff Koons, Franz Ackermann, Katharina Fritsch, Takashi Murakami and Damien Hirst.
Kent, 62, and Vicki, 59, were married on Vail Mountain in 1985.Kent Logan retired from his career as an investment banker in 2000. He was director of the Equity Division of Bank of America Securities, and previously was an executive with Goldman Sachs, Paine Webber, Barclays and Montgomery Securities.They moved to Vail full time in 2000 after 10 years in San Francisco. Logan was elected to the Vail Town Council in 2003.
The Logans’ GiftKent and Vicki Logan of Vail announced a gift of more than $60 million to the Denver Art Museum. It includes: • Their Vail home and gallery, worth $15 million, plus $5 million for the upkeep of the home and gallery.• More than 300 pieces of art, worth more than $30 million.
• A $10 million endowment for the museum’s department of modern and contemporary art.• An immediate donation of $50,000 for the new modern and contemporary galleries at the museum’s Hamilton Building opening this fall.The first three gifts will be given after the Logans have died.Edward Stoner can be contacted at (970) 949-0555, ext. 14623, or at firstname.lastname@example.org.