San Diego: Irwin and Joan Jacobs Donate $10M to Library
From the San Diego Union-Tribune:
Joan and Irwin Jacobs, who gave $20 million to the new Central Library nearing completion, are upping their contribution to $30 million, the library fund-raising campaign announced Tuesday.
However, the Jacobses made their latest pledge in the form of a challenge grant, promising to match all gifts up to $10 million in an effort to complete the library’s $75 million fund-raising goal.
Foundation CEO Jay Hill said 12 other families and individuals have donated $1 million or more, while more than 3,000 people have donated $150 or more for commemorative bricks that are being laid in the library entrance plaza.
Most public libraries built in the U.S. today typically involve bond issues and capital improvement financing by states, counties and cities. But Hill said San Diego’s is the only one with such a large proportion of private gifts and no public debt attached.
“This funding model is completely unique,” Hill said.
About Gary Price
Gary Price (email@example.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com. Gary is also the co-founder of infoDJ an innovation research consultancy supporting corporate product and business model teams with just-in-time fact and insight finding.