March 20, 2008
Financier Pledges $100-Million Gift to Help New York Public Library Expand
Stephen A. Schwarzman, a New York financier, is giving $100-million to the New York Public Library, where he is a member of the library's Board of Trustees.
The donation kicks off the library's plan to raise a total of $1-billion in private donations and government funds to renovate its flagship building on Fifth Avenue, build two new libraries in Manhattan and Staten Island, expand the library's online services, and shore up its endowment.
Mr. Schwarzman's wealth was pegged in
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