Philanthropist gives $10 million gift to restore Thomas Jefferson's home
April 25, 2013
Many individuals have an interest in American history. We have a unique story - the first settlers left to escape persecution, then they fought against their mother country and won independence, which was followed up by an era of transforming the landscape into a nation like no other. However, it's been hundreds of years since the days of the Founding Fathers, and some of their homes haven't exactly been kept up.
With this in mind, philanthropist and co-CEO of The Carlyle Group David Rubenstein recently decided to give a gift of $10 million to Monticello, Thomas Jefferson's residence in Virginia, with the goal of restoring it, a process which is already well underway. The main focal points will be the upper floors, as well as Mulberry Row, which used to be slave quarters. Moreover, a portion of the funds will be put toward upgrading electricity and climate-control features on the grounds to make it more comfortable for visitors.
"I hope this gift furthers the understanding of and appreciation for Thomas Jefferson, author of the Declaration of Independence and one of our most important Founding Fathers," Rubenstein explained.
Rubenstein is no stranger to making generous donations. The Carlyle Group is involved in various grant-giving opportunities. For example, they have a large presence in China and have made headway on transforming regions throughout the Asian nation into areas that are more sustainable and have a lush food supply.
Organizations that are providing funds for multiple nonprofit programs might find it easier to manage their large-scale efforts with fundraising management programs that can account for funds as they are disbursed to recipients.