October 15, 2009
Businessman Donates Mansion and Cash to Upstate N.Y. College
How much: $85-million
Who got it: Marist College, in Poughkeepsie, N.Y.
Who gave it: Raymond A. Rich, a businessman who led oil companies and publishing and banking firms. Mr. Rich died in June at 97.
What he gave: The bequest consists of a $10-million cash gift and a 60-acre estate, valued at approximately $75-million, in Esopus, N.Y., just across the Hudson River from the college. The estate includes the 104-year-old Payne Mansion, which Mr.
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