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PM_ur_boobies_pleez t1_iscr13s wrote

Reply to comment by DrMcJedi in TIL that before Lincoln Center could reward David Geffen's $100 Million donation by renaming "Avery Fisher Hall" to "David Geffen Hall", they had to pay the heirs of Fisher - the original donor - $15 million. Geffen's donation has a provision that requires his name to be on the hall "in perpetuity". by AspireAgain

I don't know how petty it is. There have been cases where someone donates millions of dollars to a hospital on the condition that the hospital be renamed for that person, followed by someone else donating more money and renaming the hospital after the new donor, and in a short period of time.

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cl0001 t1_isct557 wrote

Frankly this “petty” one up-manship should be encouraged, billionaires might start donating more money

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ArrowRobber t1_isd5rep wrote

So there needs to be a national law that a 4x donation within 10 years, or 2x donation within 20 years, nullifies any "in perpetuity" clauses?

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phyridean t1_isdshyx wrote

Hey look, you've just invented taxation, which is how we should be funding public goods in the first place, instead of operating on rich folks' whims!

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ArrowRobber t1_isdya0b wrote

This is a framework of rich-person-vanity-license plates.

Nothing is in perpetuity no matter how much one pays, guarantee a new generation can get stuff named after them.

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