david rockefeller

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.

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Rothko Painting Sets Record in New York

by Rigel Celeste (RSS feed) —

A painting by artist Mark Rothko broke the record for postwar art by more than a little at an auction at Sotheby's in New York when it sold for $72.8 million dollars on Tuesday. Although "White Center (Yellow, Pink, and Lavender on Rose)," was expected to go for high dollars (presale estimates had put it around $40 million), the over-the-top boost can most likely be attributed to the big name of owner and seller David Rockefeller Sr. -- who says he plans to donate the proceeds of the sale to charity.

It was a big night for record breaking sales, as earlier that night Francis Bacon's "Study From Innocent X" broke all previous records selling for $52.7 million, only to be outdone by the Rockefeller's Rothko moments later.

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