Friday, April 11

September 11 Memorial hits fundraising goal

From the New York Sun:

A fund for the National September 11 Memorial & Museum at the World Trade Center has reached a $350 million construction fundraising goal after a recent donation by the financial services firm Cantor Fitzgerald, which lost 658 employees in the attacks of September 11, 2001.

Mayor Bloomberg, who took over as chairman of the September 11 Memorial & Museum in October 2006 and has donated at least $15 million to the project, announced yesterday at the quarterly board of directors meeting that more than $217 million toward the first phase of fund-raising had been raised in the past year and a half, including $10 million from Cantor Fitzgerald. More than 60,000 individuals contributed from 50 states and 31 countries.
I'm not sure what the bigger takeaway is... Mayor Bloomberg knows how to get things done OR the fact that they did it with the classic donor pyramid approach by getting the top 15 donors to give more than half of the $350 million raised for the first phase of fundraising?

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