Couple Donates $800-Million Over the Past Decade
May 11, 2009
Gerry and Marguerite Lenfest, who have donated or pledged almost $800-million over the past decade, will this week receive the Philadelphia Award, a prestigious civic honor, says The Philadelphia Inquirer.
Following the $1.2-billion sale of Mr. Lenfest’s cable-television business in 2000, the Philadelphia couple decided to give most of the proceeds away.
Since then they have supported 180 local, national, and international organizations, most notably giving $93-million to the Philadelphia Museum of Art and more than $100-million to Columbia University.
