Press Preview For The Tate Modern's Lichtenstein: A Retrospective Exhibition

"Masterpiece" by Roy Lichtenstein, on view at the Tate Modern in 2013.

Dan Kitwood/Getty Images

Since the mid-'60s, Agnes Gund, the philanthropist and former president of the Museum of Modern Art, has been amassing one of the art world's most storied art collections, which currently includes some 2,000 major artworks, including those by her late friends like Roy Lichtenstein and Ellsworth Kelly. So it wasn't too big of a deal earlier this year when she decided to sell Masterpiece, a 1962 painting by Lichtenstein—even though its sale, at $165 million, put it in the top 15 highest-priced known art deals in history.

What is new for Gund, who's lately selling off pieces of her collection to bolster her philanthropy, is that she freed the Lichtenstein from its prized spot above her Upper East Side mantlepiece so that she could put $100 million from the sale toward addressing mass incarceration—a cause for which she's created the Art for Justice Fund, benefitting groups working on criminal justice reform. (The Ford Foundation, Gund's partner, is covering the operating costs so that all of the proceeds go to programs and grants directly.)

The funds are sorely needed. The U.S. is home to 25 percent of the world's prisoners, despite being home to five percent of the world's population. That chasm carries over to the the country's criminal justice system's unequal (and unfair) targeting of people of color; indeed, the Bureau of Justice now projecting that one in three male black children in America is expected to eventually end up incarcerated.

Agnes Gund at home with her dogs Tina and Giotto, photographed by Roe Ethridge.

Photographer: Roe Ethridge

That latter statistic hits especially close to home for Gund, who told the New York Times that she's been worrying about the future of the six of her 12 grandchildren who are African-American, in the wake of the fates of Trayvon Martin and others. She's also been studying up on Michelle Alexander's book The New Jim Crow: Mass Incarceration in the Age of Colorblindness and Ava Duvernay's documentary 13th, the latter of which partly inspired the Art for Justice Fund.

Duvernay just tweeted her gratitude.

And while the weighty and race-related issue of prison reform historically hasn't seemed to appeal to even the most philanthropic of the world's premier art collectors, just one day into the fund's announcement, Gund seems to be having no trouble getting over two dozen collectors to come onboard as contributors, including Kenneth I. Chenault, chief executive of American Express, and Laurie M. Tisch, a chairwoman of the Whitney Museum. Here's hoping they also have a few more Lichtensteins to spare.

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