Estate of Arthur Zankel Announces Donations Exceeding $120 Million
The estate of Arthur Zankel today announced major charitable donations that will exceed $120 million, reflecting Mr. Zankel's lifelong commitment to educational, cultural and human services causes. These contributions represent the bulk of Mr. Zankel's estate. Recipients include Teachers College of Columbia University.
A longtime philanthropist, Mr. Zankel passed away on July 28th, 2005. "The gifts that we are privileged to announce today are the culmination of my brother's intense commitment to sharing his good fortune with those who are not so fortunate; and to promote education as the tool for progress, a proposition in which he deeply believed," said Martin Zankel, the brother of Arthur Zankel and executor of the estate. "He practiced philanthropy as an integral part of his life for almost 40 years and was determined that his resources would have an impact on the life of his community."
This article appeared in the June 2nd, 2006 publication of The Real Estate Journal via World Wide Web.
Published Sunday, Jun. 4, 2006