Thursday (4/22) on Bloomberg.com, Patrick Cole reports, “The foundations run by American International Group Inc. former Chief Executive Officer Hank Greenberg and trumpeter Herb Alpert helped raise $1 million to keep the Harlem School of the Arts open. The 46-year-old school closed indefinitely last month because it needed at least $500,000 to stay open. Kate D. Levin, commissioner of the New York City Department of Cultural Affairs, said her office intervened and asked foundations and individuals to help save the school from closing. Alpert’s foundation was the lead donor with a $500,000 gift, Levin said. The Starr Foundation, of which Greenberg is chairman, donated $250,000, said foundation president Florence Davis in an interview. The money raised will allow the school to remain open through its summer program. … The school also announced a new board, led by Charles J. Hamilton Jr., a partner at the real-estate firm of La Cite Development LLC in New York. He replaces Christopher Paci, who stepped down this week along with the other board members.”
Posted April 22, 2010
