Quiet Group's Music Center millions.It's the Music Center's version of the old boys' network--one with a cultural and philanthropic twist. The little-known, male-only Fraternity of Friends has ponied up millions of dollars over the years to support the Music Center--including a combined $18 million to the Walt Disney Concert Hall This article or section may contain original research or unverified claims. Please help Wikipedia by adding references. See the for details. This article has been tagged since September 2007. . That compares with the well-publicized $10 million given by philanthropist Eli Broad Eli Broad (born June 6, 1933) a native of Detroit, Michigan is a Jewish American billionaire who lives in Los Angeles, California. His last name is pronounced as rhyming with road. Broad is well known for his philanthropy and extensive art collection. . The private group of 250 money managers, entertainment executives and lawyers represents backdoor See trapdoor. contributors to the project, which was first conceived in 1987 with a $50 million gift from Lillian Disney Lillian Marie Bounds (b. February 15 1900, Spalding, Idaho – d. December 16 1997, Los Angeles, California, aged 97) was the wife of Walt Disney from 1925 until his death in 1966. She later married John L. Truyens in 1969 and remained married to him until his death in 1981. , wife of Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney . The hall is scheduled to open Oct 23. "This is the quietest thunder in Los Angeles," said David Adishian, the group's membership chairman and a vice president and wealth management advisor at Merrill Lynch. The fraternity's only requirements appear to be a seven-figure income (a few dip down to six figures) and an interest in giving money and time to one of the Music Center's four marquee names. They are the Dorothy Chandler Pavilion The Dorothy Chandler Pavilion is one of the halls in the Los Angeles Music Center (which is one of the three largest performing arts centers in the United States). The Music Center's other halls include the Mark Taper Forum, Ahmanson Theatre, and Walt Disney Concert Hall. , the Mark Taper Forum The Mark Taper Forum is a small thrust stage with 745 seats at the Los Angeles Music Center built by Welton Beckett and Associates. It has presented innovative plays since 1967. The world premiere of Angels In America was produced here. , the Ahmanson Theatre and Disney Hall. It would not be a stretch to compare Fraternity Of Friends to a group such as Skull and Bones, the exclusive society started at Yale University, whose members have promoted one another in politics and business. To become a member, a hopeful candidate has to be sponsored by and know an existing member--a catch even for upwardly mobile professionals. Founded in 1978, the Fraternity of Friends modeled itself on its older sister organization, Blue Ribbon, a women's-only club created in 1968 by Dorothy Chandler to provide economic and community support for the performing arts. Chandler, who is credited with forming the Music Center, began a campaign to raise public awareness of the need to donate to the city's beleaguered be·lea·guer tr.v. be·lea·guered, be·lea·guer·ing, be·lea·guers 1. To harass; beset: We are beleaguered by problems. 2. To surround with troops; besiege. art institutions. Today, fraternity members hail from more than 90 public and private companies with a combined market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of $18 billion. More than 22 entertainment companies, 16 law firms and a handful of real estate moguls are on the roster. Members include residential real estate broker Fred Sands, who is now chairman of Vintage Capital Group LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ; Russell Goldsmith, chairman and chief executive of City National Bank; Richard Rosenzweig, executive vice president of Playboy Enterprises Inc.; and Alan Levy, chairman of Tishman International Cos. Membership costs $2,000 a year and covers the cost of "recreational" events. Last month, the group got together for a walking tour of downtown and lunch at the Standard Hotel. There are aim getaways to Napa Valley wineries and Yosemite. Along the way, Fraternity of Friends created its own philanthropic outlet--the Spotlight Awards--a one-night performance by local high school students that is like a cross between "American Idol" and the Academy Awards. The event is well known among Southern California high schools Whose students submit 1,500 applications every year to compete in six performance categories, as well as visual arts such as photography or painting. Most of the Spotlight Awards winners become successful professionals in ballet, theater and dance. With some of its fund-raising goals accomplished, Fraternity of Friends has broadened its mission to include recruiting younger professionals into the group. "If you look around this country, there aren't a lot of well-financed music centers like ours," said Thomas Weinberger, the fraternity's president, who is also chief investment officer of Weinberger Asset Management Inc. in Brentwood. "If you want to bring professionals to this city and you want to hold on to your staff, you have to reach out to the younger segment." |
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