The Louis Vuitton Foundation, previously Louis Vuitton Foundation for Creation, is a French art museum and cultural center sponsored by the group LVMH and its subsidiaries. It is run as a legally separate, nonprofit entity as part of LVMH's promotion of art and culture. The art museum opened on October 20, 2014, in the presence of President François Hollande. The Deconstructivist building was designed by Canadian-American architect Frank Gehry, with groundwork starting in 2006. It is adjacent to the Jardin d'Acclimatation in the Bois de Boulogne of the 16th arrondissement of Paris, bordering on Neuilly-sur-Seine. More than 1.4 million people visited the Louis Vuitton Foundation in 2017. The actual cost of the museum, initially projected to be €100 million, was revealed in 2017 to have been nearly eight times that sum. A November 2018 report of the Court of Audit indicated that from 2007 to 2014, building construction constituted the main activity of the Foundation. Read more
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