The Queensland Art Gallery | Gallery of Modern Art (QAGOMA) today announced that the Gallery's primary fundraising body, the QAGOMA Foundation, has reached the historic milestone of $100 million raised since its establishment in 1979.

QAGOMA Foundation President Tim Fairfax AC said the milestone would not have been possible without the generosity of the many supporters from across Australia and around the world who have contributed to the Foundation over the past 36 years.

'On behalf of the QAGOMA Foundation Committee, I would like to thank all Foundation members and supporters for their outstanding generosity. Their foresight in supporting the QAGOMA Foundation ensures the Gallery is able to continue to develop the Collection and deliver outstanding exhibitions and programs for future generations.

'The Foundation's contributors have enabled the acquisition of over a third of the Gallery's Collection and many memorable and transformative experiences with art and artists,' said Mr Fairfax.

QAGOMA Director Chris Saines CNZM said 2014 brought the Foundation many reasons to celebrate, both in reaching the significant milestone of $100 million raised, as well as launching a new special interest group.

'Launched last November, the QAGOMA Future Collective is a new initiative that brings together young budding philanthropists who share a passion for art and culture, fostering the next generation of Gallery supporters.

'Donations received through the Future Collective annually are used to support a special project chosen by the Collective itself, giving members a truly hands on experience,' said Mr Saines.

For more information, please visit www.qagoma.qld.gov.au or call (07) 3840 7262. ABOUT THE QAGOMA FOUNDATION Established in 1979, the Queensland Art Gallery | Gallery of Modern Art Foundation currently has over 1300 members. Since its establishment, the Foundation has raised over $100 million and supported the acquisition of over 7000 artworks, which amounts to over 40 per cent of the State Collection. This is in addition to the presentation of major national and international exhibitions, publications and programs. Tim Fairfax AC has been President of the QAGOMA Foundation since 2008 and His Excellency the Honourable Paul de Jersey AC, Governor of Queensland, is the Foundation's Patron. Contributions of all sizes play a vital role in supporting the Gallery's Collection, exhibitions and programs. Donations over $2 are tax deductible and contributions of $4000 or more qualify for Foundation membership.