Report: Juilliard loses $1billion fundraiser
UncategorizedCNBC reports that David Marcus, who led the New York arts school out of penury to an endowment worth one billion dollars, is leaving abruptly at the end of the month. No explanation. No confirmation. No comment, needless to say, from the very tight-lipped school.
Marcus (l.), whose take-home pay is half a million bucks, put together the toughest, blue-chip endowment board anywhere in world arts.
He will not easily be replaced. It’s buy your own pencils from now on.
Irony abounds. Juilliard held a small shindig last night for its contributors of the Juilliard Association. Juilliard’s endowment surpasses the total of the rest of Lincoln Center’s constituents.