By Hadas Kuznits

PHILADELPHIA (CBS) — As demolition for the forthcoming Museum of the American Revolution gets underway in earnest in Old City Philadelphia, the museum is announcing a sizeable monetary gift of support.

“We’re preparing the site, and we’ll start constructing the museum with groundbreaking in the fall,” says Michael Quinn, museum president and CEO.

Today, he added, the museum was celebrating a gift from Bank of America.

“We are so proud that Bank of America, which is renown for its support of cultural institutions, has decided to lend its support in such a major way to realize the vision for this museum,” Quinn (far right in photo) said.  “It’s a gift of a half-million dollars, which makes them a ‘founder.’  To date, we’ve raised commitments of $104 million with this gift.”

The museum is set to open in late 2016.


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