$100-Million in Cars, Real Estate, and Cash Donated to Los Angeles Museum

A car museum in Los Angeles has received an automobile collection of 135 cars, a 300,000-square-foot building, and cash, which together total $100-million, from the widow of the publishing tycoon who founded the institution.

The Petersen Automotive Museum Foundation learned six weeks ago that it would receive a gift from Margie Petersen and the Margie & Robert E. Petersen Foundation, but according to the museum’s executive director, Buddy Pepp, it got wind of how large the donation would be only about a week ago.