On May 11, 2016, our art museum received a $15 million dollar gift from Indianapolis-based philanthropists Sidney and Lois Eskenazi, and the museum, which was re-named in their honor, is now known as the Sidney and Lois Eskenazi Museum of Art at Indiana University. The Eskenazis’ gift was matched with an additional $15 million from the For All: The Indiana University Bicentennial Campaign matching program, and is being used to fund a full renovation of the art museum's 1982 I. M. Pei–designed building.

In preparation for the renovation, the art museum closed to the public on May 15, 2017. The renovation will update the building's systems to 21st-century standards and provide the museum with expanded gallery space, new teaching facilities, new visitor amenities, and other improvements. The IU Eskenazi Museum of Art's collection contains more than 45,000 objects from all over the world and across time, providing students and visitors the ability to look at the complete history of art within the walls of a single building. Both in size and quality it is one of the best collections of any university art museum in the United States. With the current renovation, the museum's building will provide new and better opportunities for exploring and learning from our collection. The renovation will further secure the IU Eskenazi Museum of Art's position as one of the preeminent teaching museums in the country for generations to come. This section of our website is designed to provide information on the renovation as it moves toward completion in fall 2019.