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Can you list the top facts and stats about Guggenheim UBS MAP Global Art Initiative?
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The Guggenheim UBS MAP Global Art Initiative is a five-year program, supported by Swiss bank UBS in which the Solomon R. Guggenheim Foundation identifies and works with artists, curators and educators from South and Southeast Asia, Latin America, and the Middle East and North Africa to expand its reach in the international art world. For each of the three phases of the project, the museum invites one curator from the chosen region to the Solomon R Guggenheim Museum in New York City for a two-year curatorial residency, where they work with a team of Guggenheim staff to identify new artworks that reflect the range of talents in their parts of the world. The resident curators organize international touring exhibitions that highlight these artworks and help organize educational activities. The Foundation acquires these artworks for its permanent collection and includes them as the focus of exhibitions that open at the museum in New York and subsequently travel to two other cultural institutions or other venues around the world. The Foundation supplements the exhibitions with a series of public and online programs, and supports cross-cultural exchange and collaboration between staff members of the institutions hosting the exhibitions. UBS is reportedly contributing more than $40 million to the project to pay for its activities and the art acquisitions. Foundation director Richard Armstrong commented: "We are hoping to challenge our Western-centric view of art history."