Kennedy Center Gets "Good Gift"
Chairman donates $10 million to performing arts center
The Kennedy Center is getting a “good gift” from its chairman, David Rubenstein.
The gift is a $10 million donation.
Rubenstein is a co-founder and managing director of the Carlyle Group. He was a long-time member of the Kennedy Center board and became the center’s chairman in May.
The money will support the performing arts complex and the center’s programs.
Half is devoted to the National Symphony Orchestra
as a welcome gift for its new music director, Christopher Eschenbach. The money will help Eschenbach build his own programs, tour and record.
Another $2.5 million will go to programming, including a three-week India
Festival in March 2011.
The donation will also support the center’s fund-raising events and awards shows, like the Kennedy Center Honors and the Mark Twain
Prize for American Humor.
Despite the tough economy, the Kennedy Center has managed to bring in $71 million in private funds this year and it expects to have an operating surplus of $5 million to $7 million when the fiscal year ends in October, according to The Post
Copyright Associated Press / NBC4 Washington