The Minneapolis Institute of Arts has officially taken its $100 million capital campaign out of the so-called “quiet phase,” having already raised $75 million from its wealthiest donors. “Part of the money will pay for a $50 million renovation and addition to the museum’s building, a nearly complete project designed by Michael Graves that is scheduled to open June 11, 2006. The additional $50 million will be invested as an endowment for the purchase of art, especially 20th-century objects.”