A Philanthropist's Point of View Regarding a Major Gift

According to the Wall Street Journal (March 9, 2006), Bruce Kovner, a 61 year old hedge fund chairman, donated a significant collection of music manuscripts, sketches, first editions, engraver's proofs and artifacts to Juilliard School in New York. The valuation of the gift was not disclosed in the article. When asked "How does it feel to give all this away?," he responded by saying: "I'm gaining Juilliard's help. At Juilliard, the documents can be used in a way they haven't been used before. This isn't a zero-sum game. It's a positive-sum game. Everybody's going to be better off. A lot of excited people will be performing as never before. It's an experiment. And I think it will turn out well." A refreshing point of view.