The Andrew Mellon Foundation awarded a three-year $200,000 grant to the Frances Lehman Loeb Art Center.  The grant supported work to develop stronger relationships between the center's collection and the curriculum, focusing on the Magoon Collection, over 3,000 works acquired by Matthew Vassar from founding trustee Rev. Elias Magoon prior to the opening of the college in 1865.

Among the projects developed under the Mellon grant were the online presentation of the collection, The Magoon Collection of 19th Century British & American Art (1998) and two exhibitions, Landscapes of Retrospection: The Magoon Collection of British Drawings and Prints 1739-1860 (1999) and Humanizing Landscapes: Geography, Culture and the Magoon Collection 1739-1860 (2000).