MIAMI—Pérez Art Museum Miami has almost reached its fundraising goals. After a $15 million cash gift, the museum, which will open in December, has reached 85% of its $220 million target. The museum is named after Jorge Pérez, whose developments with The Related Group have helped to change the face of Miami.

An anonymous donor pledged $12 million to Pérez Art Museum Miami's capital campaign, as well as an additional $3 million in art, selected by the museum's curatorial staff. The gift will support the endowment for expanded exhibitions and educational programming in the Museum's new, 200,000-square-foot, Biscayne Bay front campus designed by Pritzker Prize-winning architects Herzog & de Meuron.

“As the construction of our new home nears completion, we are gratified to see members of Miami's business and philanthropic community step up in such a significant way to ensure the success of this museum,” said Museum director Thom Collins, who announced the gift together with Board of Trustees Chairman Aaron Podhurst. Other donors include Miami-Dade County, Pérez, the Fernandez family, the Knight Foundation.