museum's ongoing commitment to new art and new ideas. Launched in summer 2014, NEW INC provided a collaborative space for an interdisciplinary community of one hundred members to investigate new ideas and develop a sustainable practice. NEW INC full-time members include Erica Gorochow, Anders Sandell, Lisa Park, Kevin Siwoff, Kunal Gupta, Justin Cone, Jonathan Harris, Joe Doucet, Greg Hochmuth, Luisa Pereira, Nitzan Hermon, Tristan Perich, Sougwen Chung, Philip Sierzega, Paul Soulellis, Charlie Whitney, Binta Ayofemi, and Emilie Baltz. In 2021, the New Museum launched the biennial Hostetler/Wrigley Sculpture Award to commission five women artists to create sculptures. Each winning project is allotted $400,000 for its production and installation. IdeasCity was a nine-year New Museum platform to explore art and culture beyond the walls of the museum. Founded in 2011 by Lisa Phillips and Karen Wong, IdeasCity was a collaborative initiative between hundreds of arts, design, education, and community organizations that consists of two distinct components: the biennial IdeasCity Festival in New York City, and IdeasCity Global Programs in key urban centers around the world, including Athens, Detroit, Istanbul, New Orleans, São Paulo, Shanghai, and Toronto. IdeasCity curators included Richard Flood, Joseph Grima, V. Mitch McEwen, and Vere Van Gool. The IdeasCity program concluded in 2020. Management Funding In 2002, the New Museum sold its previous home in SoHo for $18 million. It subsequently bought the new Bowery site for $5 million. In order to cover the building and endowment, it raised an estimated $64 million. Board of Trustees Since taking office, director Lisa Phillips expanded board membership to 42 from 18. As of 2015, it includes collectors Maja Hoffmann, Dakis Joannou, and Eugenio López Alonso, among others. See also List of museums and cultural institutions in New York City References External links Bowery Artist Tribute New Museum Union IdeasCity The New Museum of Contemporary Art: a case study on Constructalia 1977 establishments in New York City Art museums established in 1977 Art museums and galleries in New York City Contemporary art galleries in the United States Museums in Manhattan SANAA buildings Bowery