[8] In 2016, Berkowitz joined the board of directors at American retailer Sears; at the time, he was the company’s largest external shareholder.
His donation along with that of Bill Ackman, the CEO of hedge fund Pershing Square Capital Management, and Joseph Steinberg, the president of Leucadia National, were the three largest individual gifts that the center has ever received.
[11] In 2014, Berkowitz first announced plans for a 4,200 m2 (45,000 sq ft) museum in Miami’s Edgewater neighbourhood designed specifically to house Richard Serra’s sculpture Passage of Time (2014) and James Turrell’s light installation Aten Reign (2013).
[12] At the time, prominent Miami collectors and philanthropists including Dennis Scholl, Martin Margulies and Norman Braman had all spoken out publicly in support of Berkowitz’s proposal.
[16] The park will be created by the non-profit Berkowitz Contemporary Foundation (BCF), but its operations will be overseen by the local Cultural Arts Alliance of Walton County.