Beneficiaries of Astor Settlement Agreement

As I previously blogged, the legal battle over Brooke Astor’s estate finally ended with a settlement agreement this week. The settlement establishes a $30 million education fund and allocates $20 million to the Metropolitan Museum of Arts. The settlement also delegates some $100 million in funds to the New York Public Library, Brooklyn Museum, Carnegie Hall, Rockefeller University, New York University, Historic Hudson Valley, and the Wildlife Conservation Society.

See Tens of Millions of Astor Fortunes Goes to Charity in Will Settlement, Philanthropy, Mar. 29, 2012; and Brooke Astor Settlement: Belated Windfall for Metropolitan Museum, Morgan Library, Brooklyn Museum, and Other NY Cultural Instiutions, Arts Journal Blog, Mar. 28, 2012.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.