ON-Lion Letter
The Lynde and Harry Bradley Foundation in Milwaukee has made a major contribution to an unprecedented collaboration that will provide the Milwaukee Public Museum (MPM) with a solid financial footing and ensure its financial viability for years to come.  Other participants in the plan with Bradley include, among others, an anonymous donor, Milwaukee County, M&I BankChase Bank, and Discovery World, along with Northwestern Mutual.

The MPM board approved the plan on May 21.  Each piece of the plan is contingent on all parties' final agreement, and it is expected to be finalized and implemented as soon as possible.

"This plan, which follows 15 months of hard work by all parties, is the culmination of the turnaround plan MPM has been working on since the financial and other problems surfaces in mid-2005," said MPM board chairman John Schlifske. 

Museum chief executive officer Daniel M. Finley, who joined MPM later in 2005, said, "We're so pleased that this invaluable part of Milwaukee's heritage and cultural landscape will be secure for years to come."

The plan includes an already-announced lead challenge grant totaling $5 million from Bradley and the anonymous donor, the restructuring of MPM's debt, a proposed long-term support agreement with Milwaukee County, and an agreement to purchase the former Discovery World museum adjacent to MPM.

The Bradley Foundation also supports Discovery World.
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