David Rockefeller is a big giver who is part of the trend of not waiting until death to announce large donations. He has just pledged $100-million to Harvard University, his alma mater. This is the third time he has dropped $100 million on a donation, in 2005 that he planned to give $100-million apiece to the Museum of Modern Art and to Rockefeller University. All three organizations will receive the money upon his death (Rockefeller is 92) but in the meantime he will be giving out an an annual payment of $2.5-million a year until he dies which works out to roughly the interest on the money. The Chronicle of Philanthropy reports that Rockefeller has given or pledged a total of at least $1-billion to nonprofit institutions over his lifetime.Big Givers: David Rockefeller Announces Another Huge Donation
David Rockefeller is a big giver who is part of the trend of not waiting until death to announce large donations. He has just pledged $100-million to Harvard University, his alma mater. This is the third time he has dropped $100 million on a donation, in 2005 that he planned to give $100-million apiece to the Museum of Modern Art and to Rockefeller University. All three organizations will receive the money upon his death (Rockefeller is 92) but in the meantime he will be giving out an an annual payment of $2.5-million a year until he dies which works out to roughly the interest on the money. The Chronicle of Philanthropy reports that Rockefeller has given or pledged a total of at least $1-billion to nonprofit institutions over his lifetime.Related Headlines
Add your comments
Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.
When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br> tags.
Reader Comments (Page 1 of 1)
4-25-2008 @ 10:55PM
Greg said...
$100 Million, and all he could get was 2.5% interest?
Reply
5-13-2008 @ 12:47PM
Mr Ernest Scott said...
Dear Sir, Madam.
We desire to help the parents and childerm of the refugees.
We need your help to help. The needs are food, clothing
lawyer assistance( Lawyers) and spirtiual support for those here in Germany and other countries.
We are a small group here, But we have saw a need and we will lend a hand and open heart to reach out.
All donation and help will be appreciated.
Sincerely Mr Ernest Scott .
Reply
6-10-2008 @ 2:37AM
leonard1981 said...
dear sir we running the school for poor childrens we need donations to do the better services because the school was running in rent basis and also we want pay the salary to the teachers if anybody wants to donate pls send ths mail to me.
thanking you everybody those who are read this comment
yours sincerely
leonard
Reply