Change of Heart
After Michael Milken and 10 other family members battled cancer, the
former junk bond king gave $80 million to a research institute he set
up and dedicated to finding cures.
For Haim Saban of "Mighty
Morphin Power Ranger" fame and his wife Cheryl, the issue was children.
After they had two kids using a surrogate and after Cheryl became a
child psychologist, the Sabans donated $40 million to Childrens
Hospital to fund pediatric medical research.
And then there's
the Davis family. Daughter Dana was diagnosed with juvenile diabetes,
so Barbara Davis founded the Children's Diabetes Foundation and
launched the Carousel of Hope galas. Then daughter Nancy was diagnosed
with multiple sclerosis, so she set up a foundation for the disease.
These are the faces of philanthropy in today's Los Angeles.
It's a far cry from the days 40 years ago when a handful of downtown
corporations--like Arco and Pacific Mutual and Security Pacific--and
families like the Chandlers used philanthropy in an attempt to inject
high culture into Los Angeles. They built the Music Center, the Los
Angeles County Museum of Art and other cultural institutions as a way
to show Los Angeles was not content to look second-rate compared to
more established cities in the East.
Today's philanthropists
are individuals primarily driven by their own experiences with disease
or hardship and passionate devotion to specific causes.
"When
it comes to philanthropy in Los Angeles, individuals are now playing
the role that corporations used to play. But while corporate giving was
more traditional civic support, the individual giving is driven by the
passion of the individuals," said John Emerson, president of personal
investment management of Capital Group Cos. and the chairman of the
board of the Los Angeles Music Center.
Like the city itself,
today's philanthropists are more diverse-and scattered around the
region than the days when the Committee of 25--a group of corporate
managers and other members of the civic elite--set the area's
philanthropic and civic agenda. They are also more globally focused
than their predecessors, just as likely to give to research in the
Middle East as they are in their own back yard.
And when they
do make donations locally, L.A.'s philanthropists often give quietly to
endeavors in their own suburban communities. For example, philanthropic
contributions have helped fuel the explosive growth of private
schools...
Code found on page 295 of the book.
The moments that make me feel "worthy" are much smaller and probably have much more in common with women around the world than the glamorous moments.
Mary Steenburgen
Actor, Wife, Mother
I have yet to find a woman who is not strong. Sometimes, though, they are afraid of letting it out.
Diane von Furstenberg
Fashion Designer