ArrowRobber

ArrowRobber t1_isdya0b wrote

Reply to comment by phyridean 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

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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ArrowRobber t1_isd5rep wrote

Reply to comment by cl0001 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

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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