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NYC's Central Park gets $100 million donation from hedge fund billionaire

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Tue, 23 Oct 12 10:34 PM | 30 view(s)
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NYC's Central Park gets $100 million donation from hedge fund billionaire

By Miguel Llanos, NBC News

Calling it the largest donation ever to a park in the U.S., New York City on Tuesday announced that hedge fund billionaire John Paulson had donated $100 million to the nonprofit that maintains Central Park.

Mayor Michael Bloomberg joined Paulson and others at a ceremony at the park's Bethesda Fountain Tuesday morning.

"Central Park is the most deserving of all of New Yorkâ€™s cultural institutions," Paulson told reporters. "And I wanted the amount to make a difference. The park is very large, and its endowment is relatively small."

more:

http://usnews.nbcnews.com/_news/2012/10/23/14645044-nycs-central-park-gets-100-million-donation-from-hedge-fund-billionaire?lite

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