Mysterious Cornell campus donor revealed

New York /
Dec.December 20, 2011 11:11 AM

The mysterious donor whose $350 million gift will go towards the creation of Cornell University’s 2 million-square-foot applied science and engineering campus on Roosevelt Island is Atlantic Philanthropies, a charitable organization founded by billionaire Charles Feeney. Feeney, who made billions of dollars through co-founding the Duty Free Shoppers Group, graduated from Cornell’s School of Hotel Management in 1956, the New York Times reported, and has been consistently making donations to his alma mater.

The $350 million gift was announced this past Friday, followed by the mayor yesterday announcing the selection of Cornell and Technion-Israel Institute of Technology to build a city campus. It is the largest in the university’s history, as was previously reported. But Fenney, 80, is not known for grand displays of wealth — he flies coach, owns neither a home nor a car, and wears a $15 watch, the Times said.

“This is a once-in-a-generation opportunity,” Feeney said in a statement released by Atlantic Philanthropies to the Times, “to create economic and educational opportunity on a transformational scale.” [NYT]


Related Articles

arrow_forward_ios
From left: Lenfest Center for the Arts at 615 West 129th Street; Jerome L. Greene Science Center at 3227 Broadway; 3 MetroTech Center in Brooklyn; and 2328 12th Avenue (Google Maps)
TRD Pro: These universities have the largest NYC real estate footprints
TRD Pro: These universities have the largest NYC real estate footprints
Mayor Steven Fulop (Mayor Steven Fulop)
Jersey City needs developers to make its inclusionary housing work
Jersey City needs developers to make its inclusionary housing work
Inside the rent roll at Chetrit’s 26 Broadway
Inside the rent roll at Chetrit’s 26 Broadway
Inside the rent roll at Chetrit’s 26 Broadway
90 Greene Street, 2328 12th Avenue, and 165-15 to 165-18 88th Avenue (Google Maps)
Columbia expansion powers mid-market deals to $245M week
Columbia expansion powers mid-market deals to $245M week
Dan Doctoroff (Getty)
Dan Doctoroff stepping down from Sidewalk Labs, faces ALS battle
Dan Doctoroff stepping down from Sidewalk Labs, faces ALS battle
Bloomberg nabs 191K sf expansion with SL Green
Bloomberg nabs 191K sf expansion with SL Green
Bloomberg nabs 191K sf expansion with SL Green
Vornado leasing 77K sf to school in 825 Seventh Avenue
Vornado leasing 77K sf to school in 825 Seventh Avenue
Vornado leasing 77K sf to school in 825 Seventh Avenue
From the rubble: How NYC real estate lived 9/11
From the rubble: How NYC real estate lived 9/11
From the rubble: How NYC real estate lived 9/11
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...