page_title: Rebuild Foundation
section_title: Stony Island Arts Bank
hierarchical_section_title: Rebuild Foundation / Stony Island Arts Bank
context_page_description: Rebuild Foundation is a non-profit organization dedicated to transforming buildings and neighborhoods in South Side Chicago, while sustaining cultural development as well as celebrating art. The Rebuild Foundation was founded in 2009 by Theaster Gates, a social practice installation artist. Currently the Foundation is composed of seven projects.
context_section_description: The Stony Island Arts Trust and Savings Bank Building was a community bank in South Shore Chicago that was shut down in the 1980s. In October 2015, Theaster Gates bought the building from the City of Chicago for $1. The building was transformed by the Rebuild Foundation and designer William Gibbens Uffendell. Gates raised funding for the project by selling marble blocks as pieces of art and hosting a gala at the bank. Stony Island Arts Bank is a place dedicated to rehabilitating the neighborhood's culture and provides a place for the community to come and express themselves and their heritage through art, cinema, exhibitions, and readings and dedicates their attention to educating a community primarily about African American culture, art, and architecture. The Stony Island Arts Bank holds different exhibits every month and preserves many artifacts important to Chicago's music history. In 2014, Rebuild Foundation received an investment contribution from JP Morgan Chase worth $300,000. Rebuild Foundation directed the investment to the renovation of St. Laurence School in Chicago, which is based in the Stony Island Arts Bank. In 2016, Stony Island Arts Bank received the Richard H. Driehaus Foundation Preservation Award. This award recognizes stories of salvaging buildings throughout the state, displaying how restoration has a positive impact on communities, the environment and residents of the state.
caption: Stony Island Arts Bank
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