Future Generation Prize founder Victor Pinchuk pledges to give away half of his $4.2bn fortune

Victor Pinchuk, the art collector behind the Future Generation Prize, has joined the ranks of billionaires who have pledged to give away half their wealth in their lifetime or at their deaths. Launched in 2010 by Bill and Melinda Gates and Warren Buffet in 2010, The Giving Pledge has attracted the support of 12 billionaires outside the US. Pinchuk has already supported a range of health and education causes in Ukraine and supports and funds a contemporary art gallery in a converted hotel in Kiev. He also plans to build a landmark museum in Ukraine within five years.
Image: Victor Pinchuk, founder of the Future Generation Art Prize

Shortlist for the Future Generation Prize announced

The PinchukArtCentre in Kiev has announced the 21 artists making the shortlist for the 2012 Future Generation Prize of $100,000. This link takes you to the shortlist.
Image: Victor Pinchuk, founder of the Future Generation Art Prize

Second edition of Future Generation Art Prize launched

The Victor Pinchuk Foundation has launched the second edition of the Future Generation Art Prize of $100,000. The Prize is open to artists of up to 35 and applications can be made online with a closing date of 6 May 2012.

Cinthia Marcelle, a Brazilian artist who makes films, photographs and installations, won the inaugural prize in 2011. She was selected by a jury consisting of Daniel Birnbaum, Okwui Enwezor, Yuko Hasegawa, Ivo Mesquita, Eckhard Schneider, Robert Storr and Ai Weiwei.
Image: Victor Pinchuk, founder of the Future Generation Art Prize

First recipient of Victor Pinchuk's Future Generation Art Prize announced

Cinthia Marcelle, a Brazilian artist who makes films, photographs and installations, is the winner of the first Future Generation Art Prize from the Victor Pinchuk Foundation. She receives USD$60,000 in cash and USD40,000 to be invested in the production of new work.

Marcelle was seleted by a jury consisting of Daniel Birnbaum, Okwui Enwezor, Yuko Hasegawa, Ivo Mesquita, Eckhard Schneider, Robert Storr and Ai Weiwei. 

You can see her work here.

Image: Cinthia Marcelle, O Conversador (The Speaker), 2005, photograph, 50 x 70cm