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The story
19th century
In 1866, a group of 35 artists founded the Chicago Academy of Design in a studio on Dearborn Street, with the intent to run a free school with its own art gallery. The organization was modeled after European art academies, such as the Royal Academy, with Academicians and Associate Academicians. The academy's charter was granted in March 1867.
Classes started in 1868, meeting every day at a cost of $10 per month. The academy's success enabled it to build a new home for the school, a five-story stone building on 66 West Adams Street, which opened on November 22, 1870.
When the Great Chicago Fire destroyed the building in 1871, the academy was thrown into debt. Attempts to continue despite the loss by using rented facilities failed. By 1878, the academy was $10,000 in debt. Members tried to rescue the ailing institution by making deals with local businessmen, before some finally abandoned it in 1879 to found a new organization, named the Chicago Academy of Fine Arts. When the Chicago Academy of Design went bankrupt the same year, the new Chicago Academy of Fine Arts bought its assets at auction.
In 1882, the Chicago Academy of Fine Arts changed its name to the current Art Institute of Chicago and elected as its first president the banker and philanthropist Charles L. Hutchinson, who "is arguably the single most important individual to have shaped the direction and fortunes of the Art Institute of Chicago". Hutchinson was a director of many prominent Chicago organizations, including the University of Chicago, and would transform the Art Institute into a world-class museum during his presidency, which he held until his death in 1924. Also in 1882, the organization purchased a lot on the southwest corner of Michigan Avenue and Van Buren Street for $45,000. The existing commercial building on that property was used for the organization's headquarters, and a new addition was constructed behind it to provide gallery space and to house the school's facilities. By January 1885 the trustees recognized the need to provide additional space for the organization's growing collection, and to this end purchased the vacant lot directly south on Michigan Avenue. The commercial building was demolished, and the noted architect John Wellborn Root was hired by Hutchinson to design a building that would create an "impressive presence" on Michigan Avenue, and these facilities opened to great fanfare in 1887.
With the announcement of the World's Columbian Exposition to be held in 1892–93, the Art Institute pressed for a building on the lakefront to be constructed for the fair, but to be used by the institute afterwards. The city agreed, and the building was completed in time for the second year of the fair. Construction costs were met by selling the Michigan/Van Buren property. On October 31, 1893, the institute moved into the new building. For the opening reception on December 8, 1893, Theodore Thomas and the Chicago Symphony Orchestra performed.
20th century
From the early 1900s to the 1960s the school offered, with the Logan Family (members of the board), the Logan Medal of the Arts, an award which became one of the most distinguished awards presented to artists in the U.S. Between 1959 and 1970, the institute was a key site in the movement to gain mainstream gallery acceptance for art photography and documentary photography, under curator Hugh Edwards and his assistants.
As director of the museum starting in the early 1980s, James N. Wood conducted a major expansion of its collection and oversaw a major renovation and expansion project for its facilities. As "one of the most respected museum leaders in the country", as described by The New York Times, Wood created major exhibitions of works by Paul Gauguin, Claude Monet, and Vincent van Gogh that set records for attendance at the museum. He retired from the museum in 2004.
21st century
The institute began construction of "The Modern Wing", an addition situated on the southwest corner of Columbus and Monroe in the early 21st century. The project, designed by Pritzker Prize–winning architect Renzo Piano, was completed and officially opened to the public on May 16, 2009. The 264,000-square-foot (24,500 m2) building addition made the Art Institute the second-largest art museum in the United States. The building houses the museum's world-renowned collections of 20th and 21st century art, specifically modern European painting and sculpture, contemporary art, architecture and design, and photography. In its inaugural survey in 2014, travel review website and forum, Tripadvisor, reviewed millions of travelers' surveys and named the Art Institute the world's best museum.
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The museum received perhaps the largest gift of art in its history in 2015. Collectors Stefan Edlis and Gael Neeson donated a "collection [that] is among the world's greatest groups of postwar Pop art ever assembled". The donation includes works by Andy Warhol, Jasper Johns, Cy Twombly, Jeff Koons, Charles Ray, Richard Prince, Cindy Sherman, Roy Lichtenstein and Gerhard Richter. The museum agreed to keep the donated work on display for at least 50 years. In June 2018, the museum received a $50 million donation, the largest single announced unrestricted monetary donation in its history.
In September 2024, the Art Institute of Chicago announced a $75 million donation from collectors Aaron I. Fleischman and Lin Lougheed, marking the largest naming gift in the museum's history. This contribution is designated for the development of The Aaron I. Fleischman and Lin Lougheed Building, intended to showcase the museum's extensive collection of late 19th-century, modern, and contemporary art.
In February 2025, the Art Institute of Chicago received a significant donation from collectors Jeffrey and Carol Horvitz, comprising nearly 2,000 drawings, 200 paintings, and 50 sculptures by renowned French artists such as Jacques-Louis David and François Boucher. This collection, amassed over four decades, spans the 16th to 19th centuries, with a focus on Neoclassicism.
From Wikipedia’s article on Art Institute of Chicago, shared under CC BY-SA 4.0.5