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The program promises artists guaranteed income and full-time salaries at arts organizations.

Christine Sun Kim, Jerron Herman, and Tourmaline are among the recipients.

The initiative focuses on the creation of new monuments and recontextualization of existing ones.

A recent survey forecast a bleak future for U.S. museums during the pandemic.

They will serve 12-month fellowships based in New York.

Just 12 percent of leadership positions at the surveyed institutions were held by people of color, according to research by the Mellon Foundation.

The funds will support the preservation of Minimal, Post-Minimal, and Conceptual artworks.

The grant is the largest in the digital arts organization's history.

Another grant, from the Ford Foundation and the Walton Foundation, will be put toward a diversity and inclusion initiative.