The Museum of Mathematics, a new nonprofit institution started by former hedge fund executive Glen Whitney, just signed a lease for 19,000 square feet near Madison Square Park. The museum, which is scheduled to open in the fall of 2012, will be located at 11 E. 26th Street in the ground floor and lower level. The organization currently operates out of offices at 134 West 29th St.
The museum, also known as MOMATH, recently received a $2 million grant from Google to help other science museums build exhibits from MOMATH's designs.
So far, MOMATH has raised $22 million of its $30 million capital campaign. Mr. Whitney expects the annual operating budget to be a little more than $3 million once the museum is fully operational.
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