Lincoln Center to rename Avery Fisher Hall
WQXR - 11/13/2014
Patricia Illingworth, the coauthor of Giving Well: The Ethics of Philanthropy, says that the new agreement suggests that the Fisher family is taking back its original gift.
“Typically, philanthropy is understood as the giving (and sometimes volunteering) for the love of humanity,” Illingworth wrote in an e-mail. “In this case the Fisher family delivered $10 million to Lincoln center in exchange for naming rights. This resembles more closely a business transaction, for private good (the Fisher family’s) than a gift for the love or good, of humanity.”
Illingworth added that the $15 million payout to relinquish their rights “underscores that this is business and not philanthropy.”