Lauder gifts $131M to Whitney – Largest in its history

March 19th, 2008

Leonard A. Lauder via the New York Times

Leonard A. Lauder the executive of Estée Lauder and the chairman of the Whitney Museum of American Art committed $131 million to the Whitney Museum of American Art: it is the biggest donation that the 77-year old museum has ever received. The major part of the gift will be to the art museum endowment

$131M gift to the Whitney Museum [AP]
Leonard Lauder’s donation to the Whitney [The New York Times]

Forbes reported Lauder’s wealth at $3.2 billion in 2007.  Mr. Lauder’s donation is contingent on the Whitney not selling its Marcel Breuer building on Madison Avenue at 75th Street.