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Thursday, May 23, 2019|
Lynch Shares Art, and Booth Looks to Space
A fair of famous fundsters are engaging in new, nearby philanthropy, one in the arts and the other in the sciences.
"Every one, we selected together," Lynch tells the Salem News. "Every one has a memory of why we got it, and where we bought it."
"As you walk through this show, you really get a sense of what it is to walk through their home," Dean Lahikainen, curator of American decorative art at the museum, tells the paper. (Lahikainen's position was endowed by the Lynches.)
Then yesterday, Taft Armandroff, director of the McDonald Observatory and vice chair of the Giant Magellan Telescope (GMT) Organization, confirmed that David Booth (executive chairman of Dimensional Fund Advisors, i.e. DFA) has pledged $10 million to the University of Texas at Austin (the observatory is part of UT Austin), which will contribute to the construction of the GMT (which will be built in Chile in partnership with 11 other universities). According to UT Austin, the GMT will be the world's biggest telescope, once completed: the idea is to have 10 times the resolution of the Hubble Space Telescope and to be able to see light that has been traveling for more than 13.4 billion years
"I was just blown away by what's going on in astronomy and what they hope to accomplish with this new telescope," Booth told the Austin American-Statesman. "It's stuff I don't understand at all, although I understand it's really important."
Booth's contribution, in cash over the next five years, will push UT Austin's GMT contribution up to $64 million, and the school aims to boost that to $100 million. Current estimates put the total cost of the GMT at up to $1.05 billion.
Printed from: MFWire.com/story.asp?s=59748
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