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October 06, 2015

David Rubenstein Gives Duke $25 Million for Arts Building

Duke University announced a $25 million donation Monday from financier and culture patron David Rubinstein to support construction of a new campus arts building, the Raleigh News & Observer writes. Mr. Rubenstein is chairman of the university's board of trustees, which approved plans over the weekend for the $50-million facility, which will house Duke's dance and film programs as well as a 200-seat performance space, a library, and more than a dozen multi-use studios.

Mr. Rubenstein, a 1970 Duke graduate, has given about $100 million to his alma mater to support various departments and programs. The co-founder of Washington, D.C., investment firm the Carlyle Group is known for his backing of the arts and historic preservation, serving as chairman of the Kennedy Center and making numerous large donations to restore and renovate sites such as Monticello and the Washington Monument.