David M.

Rubenstein puts money where his passions are: arts, education, history 5/4/10 9:23 AM

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David M. Rubenstein puts money where his passions are: arts,

education, history
By Jacqueline Trescott
Sunday, May 2, 2010 PHOTOS Previous Next

When Duke University was raising

money to turn its public policy
institute into a stand-alone school,
they ran into some financial
difficulties.

"It became very challenging," says

Richard Brodhead, the president of
Duke, recalling how the recession
almost brought donations to a halt.

Who stepped up? David M.

Rubenstein, Duke class of 1970, EXERCISE PHYSIOLOGIST
VIRGINIA HOSPITAL CENTER ARLINGTON
magna cum laude, Phi Beta MOVING UP: On the Kennedy Center's board for six years,
Kappa, university trustee and Rubinstein will be chairman. (Ricky Carioti/the Washington Post) HISTOTECHNOLOGIST
VIRGINIA HOSPITAL CENTER ARLINGTON
member of the Forbes Top 400. Buy Photo
MEDICAL TECHNOLOGIST
"He said, 'What more do you VIRGINIA HOSPITAL CENTER ARLINGTON
need?' " Brodhead says. In October, Rubenstein gave Network News PROFILE X
OCCUPATIONAL THERAPY ASSISTANT
$5.75 million and the school met its goal. VIRGINIA HOSPITAL CENTER ARLINGTON
Like
MEDICAL RECEPTIONIST / INTERPRETER -
That's how Rubenstein operates, whether the need is View More Activity ARLINGTO
an educational institution, a last-minute chase of a VIRGINIA HOSPITAL CENTER ARLINGTON
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who helped him as a strapped student, evaluates where
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he can make an impact and tries to fill the demand.

"I don't have the wealth to make transformation gifts, FEATURED ADVERTISER LINKS
but around the margins I can help," says Rubenstein, a Lawsuit: Cochlear Implants, Toyota, Yaz Gallbladder,
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the East Coast know Rubenstein well and, Monday, so

will patrons and followers of the John F. Kennedy Network News MY PROFILE X

Center for the Performing Arts; that's when he'll Post

become the sixth chairman of the venerable arts Discussion Policy Friends' Activity
organization.
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David M. Rubenstein puts money where his passions are: arts, education, history 5/4/10 9:23 AM

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"Performing arts tend to unify people. And that has » Links to this article
certainly been true of the Kennedy Center. It is a rare, U.S. citizen from Pakistan arrested in Times
and helpful, unifying force in the city and region," Sponsored Links Square bomb case
says Rubenstein, who has been a board member since 566 people shared this.
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2004. Sitting in an upscale restaurant in Washington Managed Forex Accounts. Private D.C. set to vote on legalizing marijuana,
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on a recent Sunday, Rubenstein drinks tea, nursing Funds. Returns up to 11% per month.
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307 people shared this.

On a mission Supreme Court closes its front doors to the

public
He has been on a fired-up mission since he 244 people shared this.
was about 54, six years ago, when he read
Facebook social plugin
that a person of his demographic group
would likely live to be 81. He began to sort View More Activity
out his philanthropic directions.

"Since my firm was based in Washington

and my wife and I raised our kids here, I
felt that this was a city that had been very
good to my family and me. It deserved a
fair amount of what I could now give,"
Rubenstein says.

The list of his involvements began: the

Smithsonian Institution, the National Archives, the Library of Congress, the National
Symphony Orchestra.

He has given the Kennedy Center $3.5 million, and he is underwriting its Very Special
Arts festival in June. At Lincoln Center, where as a vice chairman he contributed $10
million to its capital campaign, a popular atrium is named for him. At Harvard
University, he donated more than $15 million for student financial aid. At Johns
Hopkins, he gave $5 million and now the Child Health building bears his name.

The Harvard gift is another example of the largess Rubenstein shows toward struggling
students. He wanted students to move between the public and private sectors -- without
debt. The gift supports students enrolled in both the John F. Kennedy School of
Government and Harvard Business School, and gives tuition and other aid for up to 20
students per year for five years. He's aiming for "new models of cross-sectoral
leadership." As the president of the Economic Club of Washington, a forum for
government and business leaders, he underwrites another scholarship program for local
students.

CONTINUED 1 2 Next >

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David M. Rubenstein puts money where his passions are: arts, education, history 5/4/10 9:23 AM

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