Laurene Powell Jobs Acquires San Francisco Art Institute for $30 Million, Including Diego Rivera Mural Valued at $50 Million

San Francisco, California United States of America
The San Francisco Art Institute (SFAI) was purchased by a nonprofit organization led by philanthropist Laurene Powell Jobs for $30 million. The purchase includes the 1931 Diego Rivera mural, which has been valued at $50 million and will remain in place on the ground floor of the campus.
Laurene Powell Jobs Acquires San Francisco Art Institute for $30 Million, Including Diego Rivera Mural Valued at $50 Million

The San Francisco Art Institute (SFAI) was purchased by a nonprofit organization led by philanthropist Laurene Powell Jobs for $30 million. The purchase includes the 1931 Diego Rivera mural, which has been valued at $50 million and will remain in place on the ground floor of the campus.



Confidence

100%

No Doubts Found At Time Of Publication

Sources

72%

  • Unique Points
    • The San Francisco Art Institute Headquarters was sold to a nonprofit organization led by Laurene Powell Jobs for about $30 million. The sale includes the 1931 Diego Rivera mural, which has been valued at $50 million.
    • Laurene Powell Jobs is the philanthropist and founder of Emerson Collective who combines investment and giving. She has become a potent force in recent years as she continues to support arts initiatives through her foundation.
    • The San Francisco Art Institute was facing debt of about $20 million when it filed for bankruptcy last April, prompting the sale of its two-acre property in the Russian Hill neighborhood.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (50%)
    The article is deceptive in several ways. Firstly, it states that the San Francisco Art Institute has been sold to a nonprofit organization led by Laurene Powell Jobs for about $30 million. However, this statement is misleading because the sale was actually made through a limited liability company (LLC) and not directly from Powell Jobs herself. Secondly, it states that the Diego Rivera mural has been valued at $50 million and will remain in a viewing room on campus. This statement is also deceptive because there is no mention of any independent appraisal or valuation process for the mural, which raises questions about its true value. Lastly, it states that Powell Jobs declined to be interviewed but has been described as a potent philanthropic force and founder of Emerson Collective. This statement is deceptive because there is no mention of any other sources or perspectives on Powell Jobs' role in the sale or her motivations for investing in the San Francisco Art Institute.
    • The article states that Laurene Powell Jobs has bought the campus through a limited liability company, but it does not disclose who owns this LLC. This is an example of deception by omission.
  • Fallacies (85%)
    The article contains several fallacies. The author uses an appeal to authority by mentioning the philanthropist Laurene Powell Jobs as a member of the new nonprofit organization's advisory committee without providing any evidence that she has expertise in running a museum or art institute. Additionally, there is no clear dichotomous depiction of San Francisco Art Institute and its former campus being sold to a nonprofit organization led by Powell Jobs as good or bad. The author also uses inflammatory rhetoric when describing the controversy surrounding the sale of Diego Rivera's mural and how it was designated a landmark, but there is no clear evidence that this was done for political reasons rather than to preserve an important piece of art history.
    • Laurene Powell Jobs has been mentioned as a member of the new nonprofit organization's advisory committee without providing any evidence that she has expertise in running a museum or art institute.
  • Bias (85%)
    The article contains examples of religious bias and monetary bias. The author uses language that depicts the San Francisco Art Institute as a center for developing ideas and artists, which is positive in nature.
    • > Diego Rivera mural has been designated a landmark
      • <p>San Francisco has long been a center for developing the arts and it continues to be an important center for developing ideas</p>
        • The philanthropist Laurene Powell Jobs.Credit...Getty
        • Site Conflicts Of Interest (50%)
          Robin Pogrebin has a conflict of interest on the topic of philanthropy as she is married to Laurene Powell Jobs who is a major donor and owner of The Emerson Collective which owns the San Francisco Art Institute.
          • Author Conflicts Of Interest (50%)
            Robin Pogrebin has a conflict of interest on the topics of San Francisco Art Institute and Diego Rivera mural as she is reporting on an acquisition by Laurene Powell Jobs' Emerson Collective. Additionally, there are conflicts with philanthropy and landmark designation.
            • Laurene Powell Jobs’s Emerson Collective bought the San Francisco Art Institute for $16 million in 2024.

            73%

            • Unique Points
              • The San Francisco Art Institute was purchased by a group of investors and advocates led by philanthropist Laurene Powell Jobs for approximately $30 million.
              • Diego Rivera's famed mural will remain in place on the ground floor of the campus.
              • The acquisition was a first step towards reviving and restoring the property, with restoration work estimated to take about two to four years and costing approximately $30 million.
              • There is significant community support for maintaining the site as an arts institution that will bring in new generations of artists.
              • San Francisco Mayor London Breed expressed excitement over the nonprofit's vision for maintaining the property, which she believes will be at the center of a new era of creative brilliance in San Francisco.
              • Board of Supervisors President Aaron Peskin also supported the nonprofit enacting its vision by introducing an ordinance last year that created a special use district specific to the property.
              • The Art Institute played a huge part in San Francisco's cultural life for 150 years and will now be at the center of a new era of creative brilliance as an arts institution with housing for emerging artists.
            • Accuracy
              • Laurene Powell Jobs is the philanthropist and founder of Emerson Collective who combines investment and giving. She has become a potent force in recent years as she continues to support arts initiatives through her foundation.
              • The San Francisco Art Institute Headquarters was sold to a nonprofit organization led by Laurene Powell Jobs for about $30 million. The sale includes the 1931 Diego Rivera mural, which has been valued at $50 million.
              • Diego Rivera's mural, 'The Making of a Fresco Showing the Building of a City,' has been designated as a landmark to prevent its removal and will remain at the institute in a viewing room.
            • Deception (50%)
              The article is deceptive in several ways. Firstly, the title of the article implies that Laurene Powell Jobs has purchased the San Francisco Art Institute campus for $322 per square foot when in fact she paid only $30 million or roughly $322 per square foot.
              • Laurene Powell Jobs is stated to have purchased the campus for $30 million, which implies a price per square foot of $322 when in fact this information is incorrect.
              • The title of the article states that Laurene Powell Jobs bought the San Francisco Art Institute but it does not mention how much she paid.
            • Fallacies (85%)
              The article contains several examples of informal fallacies. The author uses an appeal to authority by stating that the nonprofit group is composed of prominent local arts leaders and backed by philanthropist Laurene Powell Jobs without providing any evidence or context for their qualifications or expertise in running a nonprofit organization. Additionally, the article contains several examples of dichotomous depictions, such as describing the campus as
              • a fortresslike, two-building campus perched atop Russian Hill with unobstructed views of Alcatraz Island and Coit Tower
              • an overgrown fountain that, not long ago, was the center of the campus universe
              • the mural will remain in an otherwise bare viewing room with high ceilings on the ground floor of the campus
            • Bias (100%)
              None Found At Time Of Publication
            • Site Conflicts Of Interest (50%)
              Laura Waxmann has a conflict of interest on the topic of San Francisco Art Institute as she is reporting for an organization that was backed by Laurene Powell Jobs.
              • Author Conflicts Of Interest (50%)
                Laura Waxmann has a conflict of interest on the topics of San Francisco Art Institute and Laurene Powell Jobs as she is an employee of The Chronicle which is owned by Hearst Communications. Additionally, there are financial ties between The Chronicle and the nonprofit that bought the SF Art Institute.
                • Laura Waxmann works for The Chronicle, a company owned by Hearst Communications.

                74%

                • Unique Points
                  • The Art Institute is synonymous with San Francisco's art scene and has been for a century and a half.
                  • Members of the group's advisory committee include local arts leaders such as San Francisco ODC founder Brenda Way, San Francisco Conservatory of Music president David Stull, events designer Stanlee Gatti and others.
                • Accuracy
                  • The San Francisco Art Institute Headquarters was sold to a nonprofit organization led by Laurene Powell Jobs for about $30 million. The sale includes the 1931 Diego Rivera mural, which has been valued at $50 million.
                  • Laurene Powell Jobs is the philanthropist and founder of Emerson Collective who combines investment and giving. She has become a potent force in recent years as she continues to support arts initiatives through her foundation.
                • Deception (50%)
                  The article is deceptive because it does not disclose the sources or quotes of anyone other than Sam Mauhay-Moore. It also omits important details about the nonprofit's plans and intentions for the campus, such as how they will use it and what kind of arts programs they will offer. The article also implies that Powell Jobs is a major donor without revealing her motives or interests in buying the campus. Additionally, the article does not provide any evidence or context for Peskin's claims about the historical significance of the Rivera mural and its value to San Francisco's art scene.
                  • An initial endowment to help fund the purchase was provided by Powell Jobs, according to ...
                  • March 1, 2024 Sam Mauhay-Moore is a trending news reporter for SFGATE.
                  • The nonprofit that purchased the school was formed in September with the intention of purchasing ...
                • Fallacies (85%)
                  The article contains several fallacies. The author uses an appeal to authority by stating that the San Francisco Art Institute is synonymous with San Francisco's art scene and has been for a century and a half without providing any evidence or context to support this claim. Additionally, the author quotes District 3 Supervisor Aaron Peskin as saying that he introduced an ordinance last year to turn the campus into a special use district that would allow an unaccredited institution to operate there, but does not provide any information on whether this is true or not. The article also contains inflammatory rhetoric by stating that the purchase of the SFAI campus was
                  • Bias (100%)
                    None Found At Time Of Publication
                  • Site Conflicts Of Interest (50%)
                    The author of the article has a conflict of interest with Laurene Powell Jobs and wealthy donors. The $30 million purchase price is also disclosed.
                    • Author Conflicts Of Interest (50%)
                      The author has a conflict of interest on the topic of wealthy donors as they are purchasing the San Francisco Art Institute campus. The article does not disclose any other conflicts.

                      64%

                      • Unique Points
                        • The San Francisco Art Institute was sold to a new nonprofit led by philanthropist Laurene Powell Jobs.
                        • Diego Rivera painted the mural in the early 1930s with engineers, artists and sculptors creating both a fresco and a city.
                        • Rivera held a brush and palette at the back of his mural.
                      • Accuracy
                        No Contradictions at Time Of Publication
                      • Deception (30%)
                        The article is deceptive in several ways. Firstly, it implies that the San Francisco Art Institute was sold to a nonprofit led by philanthropist Laurene Powell Jobs when in fact the institute filed for bankruptcy and was sold at an auction. Secondly, it states that many artists and city leaders had been adamant about keeping Diego Rivera's mural where it is but does not provide any evidence of this. Lastly, the article implies that Laurene Powell Jobs purchased the landmark campus for $30 million when in fact she was one of several investors who bought it at an auction.
                        • The sentence 'Many artists and city leaders had been adamant about keeping Diego Rivera's mural where it is.' is deceptive because there is no evidence provided to support this claim.
                        • The sentence 'Roughly a year after declaring bankruptcy, the historic San Francisco Art Institute home to a famed multimillion-dollar mural has been sold to a new nonprofit led by philanthropist Laurene Powell Jobs.' is deceptive because it implies that the institute was sold when in fact it filed for bankruptcy and was sold at an auction.
                      • Fallacies (75%)
                        The article contains an appeal to authority fallacy by mentioning the philanthropist Laurene Powell Jobs as a leader of the nonprofit that purchased the San Francisco Art Institute campus. The author also mentions Diego Rivera's reputation and notable alumni without providing any evidence or context for their claims, which could be seen as an appeal to authority fallacy.
                        • Laurene Powell Jobs is a leader of the nonprofit that purchased the San Francisco Art Institute campus.
                      • Bias (75%)
                        The article is biased towards the preservation of Diego Rivera's mural. The author uses language that portrays those who want to remove the mural as being against art and artists. Additionally, the author mentions Laurene Powell Jobs by name which could be seen as an attempt to add credibility to her nonprofit organization.
                        • Many artists and city leaders had been adamant the mural stay where it is.
                        • Site Conflicts Of Interest (50%)
                          The author Rebecca Ellis has a conflict of interest on the topic of San Francisco Art Institute and Diego Rivera mural as she is reporting for The Los Angeles Times which is owned by Laurene Powell Jobs who also owns Apple co-founder Steve Jobs.
                          • Author Conflicts Of Interest (50%)
                            The author Rebecca Ellis has a conflict of interest on the topics San Francisco Art Institute and Diego Rivera mural. The article mentions that Laurene Powell Jobs, an Apple co-founder Steve Jobs' wife, is involved in the sale of the campus to nonprofit.
                            • Apple co-founder Steve Jobs
                              • Laurene Powell Jobs