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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".

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Submitted by AspireAgain t3_y464wu on October 14, 2022 at 9:43 PM in todayilearned

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mordinvan t1_isdgru3 wrote on October 15, 2022 at 3:03 AM

If a donation comes with a reward, it isn't a donation, it is a market transaction.

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Created October 1, 2022
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