National September 11 Memorial & Museum Succeeds in Reaching $350 Million Capital Fundraising Goal; $10 Million Donation From Cantor Fitzgerald, L.P. Helps Achieve Goal; Over $217 Million Raised Since 2006 From More Than 60,000 Donors Representing All 50 States, 31 Countries
National September 11 Memorial & Museum Chairman and New York City Mayor Michael R. Bloomberg today announced at its quarterly Board of Directors meeting successfully reaching the $350 million fundraising goal for the construction of the Memorial & Museum. The most recent major donation that helped achieve the $350 million goal was a $10 million contribution made by Cantor Fitzgerald, L.P.
Over $217 million of the funds were raised in the past year and a half toward this first phase of fundraising. More than 60,000 individuals contributed from all 50 states and 31 countries. The Board will continue to fundraise to support Museum programming as well as an endowment and today set an initial fundraising goal for this phase of $25 million.
"We reached our first fundraising goal because of the support from people across the country and around the world who recognize the importance of building the September 11 Memorial & Museum," said Mayor Bloomberg. "Our commitment doesn't stop with reaching this goal. We will ensure that the Memorial & Museum are completed, operated and maintained at a level that befits their importance. Our focus on raising support for this national monument will only continue to strengthen and grow every day that more donors join our efforts. Thanks particularly to the efforts of Founding Chairman John Whitehead, as well as John Rosenwald and Christy Ferer as Development Committee Co-Chairs; to Cantor Fitzgerald, who helped us achieve this goal; and the support of every Board Member, our fundraising momentum has been tremendous."
"The commitment shown by tens of thousands of people in achieving this milestone is extraordinary," Memorial & Museum President and CEO Joe Daniels said. "It's a testament to the obligation we feel both to build a memorial to those lost on 9/11 and to educate future generations about the continuing implications of what happened. Cantor Fitzgerald's recent gift is both generous and meaningful, and I want to thank all of our donors for their dedication throughout this first phase of fundraising. Raising the funds that allow us to provide the programming necessary to achieve a lasting impact on the more than five million visitors we expect annually is now our priority."
Cantor Fitzgerald Chairman and Chief Executive Officer, Howard W. Lutnick, said, "We made a commitment to rebuild our firm after 9/11 to help the families of the 658 members of Cantor who were lost that day. In the spirit of the rebirth of Cantor, and to honor our colleagues and all those who lost their lives on that tragic day, we are privileged to provide this gift to help realize the dream of building our country's National 9/11 Memorial."
Cantor Fitzgerald is a leading global financial services firm. Overcoming the loss of over two-thirds of Cantor's 960 New York-based employees in the World Trade Center attacks, Cantor has reemerged as a leading financial services firm serving the global capital markets. Through its inter-dealer brokerage affiliate, BGC Partners, Inc., which became a publicly-traded company earlier this month, the firm has recommitted to its presence in New York's financial district, with over 500 employees downtown, in addition to Cantor's new uptown office. Now larger than in 2001, Cantor has become a leader in the institutional equity sales and trading marketplace, has built a growing fixed income business as one of 20 primary dealers trading with the U.S. Federal Reserve, and has created several other new, innovative businesses and initiatives.
Funds were raised through a combination of corporate, foundation, and individual leadership gifts as well as online donations, mailings, and onsite giving during the national tour of the September 11 Tribute Exhibition (please see attachment recognizing major donors). Thirty-six gifts were of $1 million or more.
In addition to the $350 million capital goal, continued fundraising efforts will concentrate on raising funds for programming the Museum, establishing an endowment, and expanding the base of donors who will be essential providers of annual support for the long term capital and operational needs of the National September 11 Memorial & Museum. The initial fundraising goal set for this phase is $25 million.
ABOUT THE NATIONAL SEPTEMBER 11 MEMORIAL & MUSEUM
The National September 11 Memorial & Museum is the not-for-profit corporation created to realize the Memorial quadrant at the World Trade Center site. The organization is responsible for raising the funds and overseeing the design for the project and will program and operate the Memorial & Museum located on 8 of the 16 acres of the site.
The Memorial will remember and honor the thousands of people who died in the horrific attacks of February 26, 1993, and September 11, 2001. The design, created by Michael Arad and Peter Walker, consists of two pools that reside in the footprints of the original Twin Towers, surrounded by a plaza of oak trees. The Arad/Walker design was selected from a design competition that included more than 5,000 entrants from 63 nations.
The Museum will display monumental artifacts associated with the events of September 11, while presenting intimate stories of loss, compassion, reckoning and recovery that are central to telling the story of September 11th and its aftermath. It will communicate key messages that embrace both the specificity and the universal implications of the events of 9/11; document the impact of those events on individual lives, as well as on local, national, and international communities; and explore the continuing significance of these events for our global community.
Donations can be made through and more information can be found at the Memorial & Museum's website, http://www.national911memorial.org , or by calling 1-877-WTC-GIVE.
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CONTACT: Michelle Breslauer, 917-679-4176
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Fundraising Goal Reached Thanks to Support from Major Donors
The $350 million goal was reached thanks to the generous support from the following corporations, foundations, and individuals at the major gift level. The list represents donors as of April 9, 2008 who as of this date, agreed to a public acknowledgement of their gift.
$25 Million Level
The Starr Foundation
$15 Million Level
Mayor Michael R. Bloomberg
Deutsche Bank
David Rockefeller
$10 Million Level
American Express Foundation
American International Group (AIG)
Bank of America
The Bank of New York Mellon
Cantor Fitzgerald, L.P.
Citigroup Inc.
Con Edison
The Goldman Sachs Charitable Fund
JPMorgan Chase Foundation
Merrill Lynch & Co. Foundation, Inc.
Verizon Foundation
$5 Million Level
Barclays PLC
Bear Stearns
Brookfield Properties
Credit Suisse
The Carson Family Charitable Trust
Forest City Ratner Companies Foundation
General Electric
Keefe, Bruyette & Woods, Inc.
Lehman Brothers
The Litwin Foundation
MetLife Foundation
Howard P. Milstein
The Moinian Group
Morgan Stanley
Klara & Larry Silverstein & Family
Ronald O. Perelman
The Pfizer Foundation
RELATED
UBS
The Walt Disney Company Foundation
$3 Million Level
Fiona & Stanley Druckenmiller
Sol & Lillian & Joyce & Irving Goldman Families
$2.5 Million Level
Time Warner Inc.
ACE INA Foundation
$2 Million Level
Governor Jon S. Corzine
The Crown Family
Bernard & Anne Spitzer
The Tisch Family Foundation
Tishman Construction Corporation
Vornado Realty Trust
$1 Million Level
Anonymous (2)
AEA Investors LLC
Elizabeth and Lee Ainslie
Louis and Gabrielle Bacon
The Cayre and Chera Families
The Coca-Cola Foundation
Dalio Family Foundation, Inc.
The Ford Foundation
Franklin Templeton Investments & Fiduciary Trust International
HSBC North America
Robert Wood Johnson 1962 Charitable Trust
The Thomas S. Johnson Family, in memory of Scott M. Johnson
The LeFrak Family
McDonald's Owner/Operator Association of NY/NJ/CT
The MLB-MLBPA Disaster Relief Fund & Baseball Tomorrow Fund
The New York Mets Foundation, Inc.
Samuel I. Newhouse Foundation, Inc.
Stavros Niarchos Foundation
New York Yankees
OppenheimerFunds, Inc.
Paramount Pictures
Ingeborg and Ira Leon Rennert
Edward John and Patricia Rosenwald Foundation
The Rudin Family
SL Green Realty Corporation
Stanley Shuman, Chairman; Robert Haines, President - The Marc Haas Foundation
Swig Equities
Tishman Speyer
Triarc Companies, Inc.
The Wachtell, Lipton, Rosen & Katz Foundation
William Randolph Hearst Foundation
The New York Community Trust - The Peter G. Peterson Fund
Joan and Sanford I. Weill and the Weill Family Foundation
John C. Whitehead
Willkie Farr & Gallagher LLP
$500,000 Level
Patty and Jay Baker
Cablevision Systems Corp.
Great American Insurance Group and The Carl H. Lindner Family
The Rockefeller Group
$300,000 Level
Avon Foundation
W.K. Kellogg Foundation
Alfred P. Sloan Foundation
$250,000 Level
Anonymous (4)
Brookdale Foundation
Carnegie Corporation of New York
Cleary Gottlieb Steen & Hamilton LLP
The Horace W. Goldsmith Foundation
Neal S. Lachman, Founder & Chairman, Gigaspeed International, Inc.
Orrick, Herrington & Sutcliffe LLP
Proskauer Rose LLP
Shea Family, in memory of Joseph P. and Daniel J. Shea
Structure Tone, Inc.
$200,000 Level
New York Stock Exchange Foundation, Inc.
Clifford Chance US LLP
$100,000 Level
Cadwalader, Wickersham & Taft LLP
Lawrence and Susan Daniels
Dewey & LeBoeuf LLP
Gerdau Ameristeel
Jeremy, Niccole, Lynn & Jules Kroll
Marsh & McLennan Companies, Inc.
Milberg LLP
Ropes & Gray LLP
Adam and Lenore Sender
Sons of Italy Foundation / Order Sons of Italy in America