Gift to N.Y. Philharmonic Provides for Composer

How much: $10-million

Who got it: New York Philharmonic

Who gave it: Henry R. Kravis, a founding partner of Kohlberg Kravis Roberts & Company, a private-equity firm in New York.

Purpose: The gift will endow the orchestra's new composer-in-residence post, and will establish a prize for new music, both of which will be named for Mr. Kravis's wife, Marie-Josée, an economist. The prize of

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