A $900,000 donation from Hugh Hefner helped put the Trust for Public Land over the top in its campaign to save the iconic Hollywood sign. The national conservation charity said Monday that with Mr. Hefner's gift and an additional $500,000 from the Tiffany & Company Foundation and the philanthropist Aileen Getty, it reached its $12.5-million goal and can buy the 138 acres on Cahuenga Peak in Los Angeles that include the landmark. A group of investors who bought the property from the billionaire industrialist Howard Hughes's estate had announced plans to build luxury homes on the site.
Full text article by Ching-Ching Ni is available via the Los Angeles Times, 4/27/10.
Labels: charitable giving, donor recognition, million dollar donations