David H. Koch to donate $100 million to New York State Theater

According to Robin Pogrebin, David H. Koch to Give $100 Million to Theater, NY Times, July 10, 2008:

Mr. Koch, recently called the wealthiest resident of New York City, has agreed to contribute $100 million toward the renovation of the New York State Theater, which is home to the two companies. His gift will be the largest private capital donation in Lincoln Center’s history and a triumph in a period of growing economic uncertainty. * * *

Starting this fall the building will be known as the David H. Koch Theater.  * * *

With an estimated net worth of $17 billion, Mr. Koch * * * ranks 10th on Forbes’s list of the nation’s wealthiest and 37th on its list of the world’s wealthiest. Based on that estimate the $100 million gift amounts to half of 1 percent of his wealth. * * *

Mr. Koch will donate the money over 10 years, with an initial $15 million payment this summer, a $10 million annual payment for eight years and a final $5 million installment.