 Headlines
Pew Partnership Announces National Program to Share
Successful City Solutions
Lincoln Center for the Performing Arts Receives
$25 Million Gift
Howard Hughes Medical Institute Gives $91.1 Million to
Undergraduate Sciences
Eli Broad Donates $18 Million to California Institute
of Technology
Arnold O. Beckman Donates $14.4 Million to Science
Education in California
1998 Lasker Awards Recognize Medical and Scientific
Achievements
Milken Family Foundation Honors Educators With Awards
Milken Foundation Donates $10 Million for Jewish High
School
University of Southern California's School of Education
Receives $20 Million
David and Lucile Packard Foundation Gives $1.4 Million
to Arts Program in California
$1 Million Donation Provides Home for Emotionally
Troubled Foster Children in California
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PHILANTHROPY NEWS DIGEST
New York City's Lincoln Center for the Performing
Arts has received a $25 million
gift from new board member and hedge fund investor Julian
H. Robertson Jr.
According to Lincoln Center officials, the gift is the
largest ever given to the center by an individual and was
given in a lump sum, instead of being spread out over
several years. From the $25 million gift, $10 million will
be used to create the Josie Robertson Fund for Lincoln
Center, in support of artistic programs presented by the
center, such as "Midsummer Night Swing" and the "Live From
Lincoln Center Festival" television series. The remaining
$15 million will be divided among the center's 12 constituents, including the Metropolitan Opera
and the New York
City Ballet, through an existing grant- and cost-sharing
formula related to size.
"The money can be used for anything," said Beverly Sills,
chairwoman of Lincoln Center. "That's what makes it so
unusual."
Robertson, 66, chairman and chief executive officer of
Tiger Management, the multibillion dollar investment fund,
said he intended the gift as a surprise for his wife, in
whose honor the Lincoln Center's fountain plaza will be
renamed.
Blumenthal, Ralph. "Lincoln Center Gets Gift of
$25 Million." New York Times 9/16/98, p. E1, E7.
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