In Wednesday’s (2/18) New York Times, Javier C. Hernandez reports, “The Italian designer and billionaire Giorgio Armani celebrated Fashion Week on Tuesday with the announcement of a $1 million donation to promote arts programs in New York City public schools. The money will be used to create the Armani Arts Institute, an umbrella program that will fund arts initiatives in schools serving some of the city’s most disadvantaged populations. At a news conference with Mayor Michael R. Bloomberg that coincided with the opening of Armani/5th Avenue, the designer’s new flagship store in Midtown, Mr. Armani called the donation ‘an investment in the future generations of New York City.’ … The donation will go to the Fund for Public Schools, a nonprofit corporation that collects private money to support the school system. It has raised more than $240 million since 2003.”