News and analysis
February 06, 2011

No. 45: David H. Koch

Will Ragozzino/

David H. Koch

Amount donated in 2010: $23-million

Biggest beneficiary: Metropolitan Museum of Art

Other key beneficiaries: Massachusetts Institute of Technology and the House Ear Institute

Donor’s background: Mr. Koch is executive vice president of Koch Industries, a Wichita, Kan., company that was founded by his father, Fred C. Koch, and is involved in oil-refining and chemicals; process and pollution-control equipment and technologies; minerals; fertilizers; commodity trading and services; forest and consumer products; and ranching.

Mr. Koch, 70, pledged $10-million to the Metropolitan Museum of Art, in New York, to renovate the fountains and front plaza of the museum. The donor serves on the museum’s Board of Directors.

He also committed $8-million last year to the Massachusetts Institute of Technology, in Cambridge, to support two professorships, one in science and another in engineering, that will be connected to the David H. Koch Institute for Integrative Cancer Research at MIT. The institute was established when Mr. Koch gave MIT $100-million in 2007 for the research center’s creation. A portion of that gift will also support a head basketball coach post.

Mr. Koch earned a bachelor’s degree at MIT in 1962 and a master’s degree the following year.

Payment schedules could not be determined for either the museum or the MIT pledge. In addition to those commitments, Mr. Koch pledged $5-million to the House Ear Institute, in Los Angeles, to create a center for hearing restoration that will be named for him. He paid $1-million toward the pledge in 2010 and plans to pay the remainder over the next four years.

—Maria Di Mento

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