Monday (5/3) on Bloomberg.com, Philip Boroff reports, “A Michigan couple, including the son of Amway Corp.’s co-founder, has pledged $22.5 million to the John F. Kennedy Center for the Performing Arts to expand training of U.S. arts administrators. Kennedy Center president Michael M. Kaiser said the gift from Betsy and Dick DeVos will help arts administrators for nonprofit organizations get specialized training. … The money will be used by the Kennedy Center’s 9-year-old arts management institute, which has trained about 4,000 arts administrators in long-term planning, marketing and other areas. … The DeVoses will give the Kennedy Center $500,000 in each of the next five years and set up a $20 million endowment that will pay the center about $1 million a year. The arts institute has been renamed the DeVos Institute of Arts Management. … David M. Rubenstein, co-founder of the Carlyle Group, officially took over as Kennedy Center chairman today, succeeding Blackstone Group LP Chief Executive Stephen Schwarzman. The center also announced that Kaiser will stay on as president until 2014, when he will become head of the DeVos Institute.”
Posted May 4, 2010
