The First Art Newspaper on the Net Established in 1996 United States Wednesday, September 3, 2014


William Carey, who donated millions to Baltimore School for the Arts and other organizations, dies
William Polk Carey. Carey, an entrepreneur who founded a New York-based investment management firm bearing his name and donated millions of dollars to help found business schools at universities in Maryland and Arizona, has died at 81, his firm said Monday, Jan. 2, 2011. AP Photo/Johns Hopkins University.
WEST PALM BEACH (AP).- William Polk Carey, an entrepreneur who founded a New York-based investment management firm bearing his name and donated millions of dollars to help found business schools at universities in Maryland and Arizona, has died at 81, his firm said Monday.

The board of that firm, W.P. Carey & Co., issued a statement that the Baltimore native and corporate finance pioneer died Monday at a West Palm Beach, Fla., hospital, surrounded by family and friends.

Carey gave $30 million in April to the University of Maryland law school, reports noted. He also made a $50 million bequest in 2006 to Johns Hopkins University to found the Carey School of Business at that Maryland university. And in 2003, the business leader and philanthropist also gave $50 million to Arizona State University in 2003 to found its W.P. Carey School of Business.

At the time of his death, Carey was chairman of W.P. Carey & Co., which manages a global investment portfolio totaling about $11.8 billion, according to the company statement. It added that associates mourned the death of "the cultural leader of our company."

Carey was a leader in the field of corporate finance for nearly 60 years, the statement said, noting he found innovative ways to provide needed capital to hundreds of companies through the firm he founded. It said he specifically led the way in developing a sale-leaseback investment strategy for commercial real estate that has kept his company in the forefront of leaders in that industry.

Carey went on in 1988 to establish the W.P. Carey Foundation to support educational causes and donated generously in later years.

The Baltimore Sun ( http://bsun.md/tnH1yq ) reports that the $30 million given to the University of Maryland's school of law was the largest gift in that school's history. It also said other Baltimore schools, among other educational causes, were recipients of his generosity, including the Baltimore School for the Arts.

"Bill was not only an insightful businessman, but a wonderful brother and a good citizen," his brother, Francis Carey, said in a statement published by that paper. "He always felt grateful that he was raised in a family committed to public service, and he worked passionately to uphold that tradition."

Arizona State University also issued a statement mourning the death of Carey, saying one of the nation's most prominent real estate investors and the major donor behind its school of business was a "visionary" who helped propel its business school to prominence.

"Through his general investment in ASU almost a decade ago, the school that bears his name has become world-class and will continue to educate future business leaders for many generations to come," said the statement posted on the university's web site. It said that was the second-largest gift ever to a U.S. business school at that time.


Copyright 2012 The Associated Press.



Today's News

January 4, 2012

Schirn Kunsthalle presents a broadly conceived exhibition dedicated to Edward Kienholz

British artists David Hockney and Damien Hirst feud over use of assistants

Paul Kasmin Gallery presents Santi Moix on Huckleberry Finn: Watercolors and Wall Drawings

American cabinetmaker Duncan Phyfe celebrated in Metropolitan Museum retrospective exhibition

Exhibition of works by African American artists from the Flomenhaft Collection opens

William Carey, who donated millions to Baltimore School for the Arts and other organizations, dies

Sacred Word and Image: Five World Religions exhibition at Phoenix Art Museum

Record numbers join the United Kingdom's Art Fund to boost support for struggling museums

Proud Camden presents exhibition of portraits of musicians whose passing was untimely and tragic

TV's History channel announces ambitious 12-hour miniseries, "Mankind the Story of All of Us"

After eight centuries of isolated slumber, Cambodia's "second Angkor" stirs to life

Timothy Close resigns as Executive Director/CEO of the Museum of Glass in Tacoma

Two William Trood paintings to feature in "Dogs in Show and Field" the fine art auction at Bonhams

Kati Heck's first solo show opens at Tim Van Laere Gallery in Antwerp

Christopher Williams and Fred Sandback exhibit at Museum Morsbroich

A selection of silverprints, hand printed by Machiel Botman at Kahmann Gallery

Bonhams grows its team in Belgium with two new appointments

Joanne Northrup joins Nevada Museum of Art as Director of Contemporary Art Initiatives

Most Popular Last Seven Days



1.- Neanderthals and humans were both living in Europe for between 2,600 and 5,400 years

2.- First major exhibition to explore the historical legacy of African cultural astronomy opens at LACMA

3.- Carlo Mollino's idealized vision of the female form in new book published by Damiani/Crump

4.- Tate Britain displays works by Frank Auerbach from the collection of Lucian Freud

5.- In grave robber territory, locals abuzz over Alexander-era tomb; Largest of its kind ever discovered in Greece

6.- Lambert Collection opens an ambitious project housed at the Sainte-Anne Prison

7.- Centre for Contemporary Art Singapore announces the first 18 artists in the CCA Residencies progamme

8.- Historic Kings Theatre is transformed into major New York Performing Arts venue

9.- Thirteen's American Masters Series co-produces new documentary about photographer Dorothea Lange

10.- Sotheby's New York to offer 548 Edward Weston photographs as a single lot this September



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 

Founder:
Ignacio Villarreal
Editor & Publisher: Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez - Marketing: Carla Gutiérrez
Special Contributor: Liz Gangemi - Special Advisor: Carlos Amador
Contributing Editor: Carolina Farias

Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemaria.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site