Departing chair leaves $55M to Curtis Institute of Music
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The departing chairwoman is leaving Philadelphia's Curtis Institute of Music with quite a parting gift: $55 million.
Philly.com (http://bit.ly/1TGwIPt ) reports that, adjusted for inflation, the gift from Nina Baroness von Maltzahn is the largest received by the musical conservatory.
Maltzahn and her husband have donated about $70 million to the school, including the latest gift.
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She says the gift "is from the heart" and that she believes in the school and wants it to succeed.
The conservatory was founded as a tuition-free school in 1928 by Mary Louise Curtis Bok.
Maltzahn is stepping down at the end of the month after two years as board chair.
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The money will go into the school's endowment as the school seeks to raise more money to keep it tuition-free.
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Information from: Philly.com, http://www.philly.com/