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mm089 t1_ise5r08 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

It’s not incredibly generous. His net worth is (rounding down) 7 billion USD. 100 million is thus 1/70th of his wealth, or the equivalent of someone with a net worth of 100,000 USD giving 1500 USD (rounding up). When you also consider that donations are tax-deductible, it becomes clear that this is basically a very rich person changing their amount of wealth by nothing at all. And then somehow being a dick about it.

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MaskedMexicanWrestlr t1_iseb7te wrote

What’d you donate 1/70th of your wealth to today?

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mm089 t1_iseg7ow wrote

Nothing, because donating 1/70th of my wealth doesn’t leave me with billions of dollars left over.

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