Jeffrey Katzenberg and Steven Spielberg have each donated $10 million to the Academy Museum of Motion Pictures in Los Angeles. The Academy of Motion Picture Arts and Sciences said that in recognition of these gifts, the main galleries on the lobby floor of the museum will be named The Marilyn and Jeffrey Katzenberg Gallery and The Spielberg Family Gallery. "Steven and Jeffrey share a passion for movie-making and philanthropy," Academy Museum Campaign Chair Bob Iger said in a statement Tuesday. "With these incredibly generous gifts, they are combining the two, moving us closer to our goal of building a museum to preserve the history of motion pictures and inspire the next generation of filmmakers." The academy started the museum's $300 million capital campaign in 2012 and has already secured more than half of its goal in commitments. The campaign is co-chaired by Annette Bening and Tom Hanks. "I am so pleased to join with Jeffrey to help build this museum to celebrate, educate, and preserve the arts and sciences of motion pictures," said Spielberg. "Having our family name on the lobby floor is a deeply personal way to say how much motion pictures and the academy have meant to all our lives." "Both Steven and I recognize that film's global impact deserves a museum that reflects its unequaled heritage and serves as a beacon for the future of what we love," added Katzenberg. "Marilyn and I appreciate this opportunity to be part of such a significant project." "Steven and Jeffrey have elevated the art of film-making to new heights and have created some of the most beloved films of all time. They continue to be champions of our industry. Having them join us as we build the Academy Museum is an incredible honor. We are so grateful for their support and partnership," Academy President Cheryl Boone Isaacs said.