If this is an indication of how charitable donations will improve under the Obama administration, non-profits that have had trouble attracting donors as of late have nothing to worry about.
The former Federal Reserve chairman’s Rolodex and clout helped the museum come within $30,000 of the money raised at its inaugural gala before the crisis started last year…
Also on hand, and illustrating that New York still has a coterie of wealthy Wall Street donors, were Blackstone’s Pete Peterson, Merrill Lynch vice chairman William McDonough, and former Goldman Sachs co-chairman John C. Whitehead.
Volcker said his next fundraising challenge will be to lure donors to the Cerebral Palsy International Research Foundation’s March 1 gala and auction at the Plaza Hotel in Manhattan. He serves as the nonprofit’s board chairman.
“It operates on a shoestring, so this is an organisation I’ve been concerned about,” he said in an interview.
Business Insider Emails & Alerts
Site highlights each day to your inbox.