Barry Diller and Diane von Furstenberg, two towering figures in American media and fashion, are once again making waves—this time through a philanthropic push that aims to support New York’s cultural landscape. The longtime power couple recently announced a new initiative focused on funding public art and community-based design projects, reaffirming their commitment to revitalizing the city’s creative spirit post-pandemic.
Diller, the chairman of IAC and Expedia Group, and von Furstenberg, the iconic designer best known for her wrap dress, have long been intertwined with New York’s civic and artistic life. Over the past decade, the duo has championed high-profile projects like the transformation of the Meatpacking District and the creation of Little Island, the floating park on the Hudson River, which was funded in part by the Diller–von Furstenberg Family Foundation. Their latest endeavor builds on that legacy.
“New York has given us both so much—it’s where we built our careers, our lives,” von Furstenberg said during a press conference at Little Island last week. “This initiative is about giving back to the city we love, and making sure its next generation of artists and designers have a place to thrive.”
While full details of the new program are expected later this spring, preliminary reports suggest the fund will prioritize grassroots projects in underrepresented neighborhoods, with a focus on youth-driven innovation and public-access design. The couple has reportedly committed an initial $25 million, though that figure could grow as more partners come on board.
Barry Diller emphasized that their mission is as much about preserving New York’s cultural DNA as it is about generating new opportunities. “There’s a certain rhythm to this city—art, fashion, media—it’s all intertwined. We’re just trying to keep the pulse alive,” he said.
The timing of the announcement comes as New York continues to rebound from the economic and social setbacks brought on by the COVID-19 pandemic. With many arts organizations still struggling, public-private partnerships like the one led by Diller and von Furstenberg are increasingly viewed as vital lifelines.
In an era where celebrity philanthropy often makes headlines, the authenticity of Barry Diller and Diane von Furstenberg’s engagement with New York stands out. Their hands-on approach and history of follow-through suggest this latest initiative will be more than just a symbolic gesture. As Diller put it, “You can’t just admire a city—you have to participate in its renewal.”
Whether through iconic fashion, bold media ventures, or reimagining public spaces, Barry Diller and Diane von Furstenberg continue to leave an indelible mark on the city they call home. And with their newest project, they’re setting the stage for others to do the same.
