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Article: Tough times, but still they keep giving
- Article from:
- The Evening Standard (London, England)
- Article date:
- July 14, 2008
- Author:
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Copyright informationCopyright 2008 Evening Standard - London. Provided by ProQuest LLC. (Hide copyright information)
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NEW York's billionaires, it seems, have not really noticed the
downturn. They still spend their summers on lavish yachts in Europe,
and are still flying in their own planes. Hearteningly, they also
continue to give philanthropically on a vast scale.
Earlier this year, Blackstone Group chairman Stephen A Schwarzman
gave $100 million to the New York Park Library. Last week, this
town's richest resident, David H Koch, 68, gave $100 million towards
the renovation of the New York State theatre, at the Lincoln Center,
where the New York City Ballet and City Opera performs.
In return for their generosity, both men get buildings named
after them. But before you scoff that philanthropy is just a ...
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