The Guggenheim rotunda. (Courtesy Guggenheim Museum)

Jennifer Stockman, the president of the board of trustees at the Guggenheim Museum, and her husband David, have endowed the position of chief curator at the museum. The first person to hold the newly endowed position will be Nancy Spector, who is currently the museum's deputy director and chief curator.

“Nancy Spector is the preeminent curator of contemporary art who has come to be known for her expectation-shattering installations,” said Ms. Stockman in a statement. “David and I are thrilled to endow her position so her precedent-setting work can continue.”