The Barnes Foundation is an American educational art and horticultural institution with locations in Lower Merion, Pennsylvania, a suburb of Philadelphia; and Logan Square, Philadelphia. It was founded in 1922 by chemist Albert C. Barnes who specified detailed terms of operation in an indenture of trust to be enforced after his death. Today, the foundation owns more than 4,000 objects, including over 900 paintings, estimated to be worth about $25 billion. These are primarily works by Impressionist and Modernist masters, but the collection also includes paintings by leading European and American artists, and ancient works from other cultures. In the 1990s, the foundation's declining finances led its leaders to various controversial moves, including sending artworks on world tours and proposing to move the collection from Lower Merion to Philadelphia. After numerous court challenges, the new Barnes building opened on Benjamin Franklin Parkway on May 19, 2012. The foundation's current president and executive director, Thomas “Thom” Collins, was appointed on January 7, 2015.
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