Rental car magnate, Jack C. Taylor, is embracing old school philanthropy and plans to donate $92.5 million “to an array of cultural, educational and historical institutions, predominantly in St. Louis” (h/t slippedisc). According to the press statement released by Taylor’s company, Enterprise Holdings, the third largest gift of $10 million is earmarked for the Saint Louis Symphony Orchestra’s (SLSO) endowment fund.
According to the press statement, here’s the full list (emphasis added to performing arts orgs):
- $30 million to Forest Park Forever’s endowment fund
- $25 million to the City Arch River 2015 Foundation for improvements to the Old Courthouse and to support the Foundation’s endowment fund
- $10 million to the Saint Louis Symphony Orchestra’s endowment fund
- $6 million to the Fisher House Foundation for construction of new homes in Charleston, S.C., and Portland, Ore., that provide accommodations for military families during medical treatment
- $5 million to the American Red Cross of Eastern Missouri to meet capital and program needs
- $5 million to the Saint Louis Art Museum Foundation’s endowment fund
- $5 million to St. Luke’s Hospital to support its endowment fund
- $2 million to the Missouri Botanical Garden to support its capital campaign
- $1 million to the Better Angels Society to underwrite filmmaker Ken Burns’ upcoming documentary on baseball legend Jackie Robinson
- $1 million to the Everglades Foundation to support its End Point Restoration Project to restore America’s Everglades and sustain South Florida’s water supply
- $1 million to Friends of the National World War II Memorial in Washington, D.C., to fund its World War II education programs
- $1 million to the Opera Theatre of Saint Louis to provide operational support for the services of the Saint Louis Symphony Orchestra
- $500,000 to the Municipal Theatre Association of St. Louis (The Muny) to support its endowment fund and multiple capital needs
It’s interesting to note that the SLSO will be the indirect beneficiary of the Opera Theatre of St. Louis’ gift but in the end, it’s good to see those in the one-percenter tier of wealth recognize the value of cultural institutions. Ideally, Taylor’s decision will help inspire similar gifts among his socioeconomic peers.