Monday, April 3, 2017

Amid Tarnished Image Rubenstein Gives Brookings $20 Million Boost

Billionaire David Rubenstein has just injected $20 million into the Brookings Institution.  Here is more from a press release:
Brookings Institution President Strobe Talbott announced today the establishment of the David M. Rubenstein Fellowships. As part of the Institution’s strategic plan for its second century, which includes a key goal of advancing diversity in its scholarly community, Brookings will appoint outstanding early-and mid-career scholars and experts from the United States and abroad. The work of the Rubenstein Fellows will significantly augment and diversify the independent policy research and analysis of Brookings’s more than 100 resident scholars. The first class of Rubenstein Fellows will take up their positions at Brookings by September 2017.
This new program is made possible by a generous multi-million dollar gift from David M. Rubenstein, co-chair of the Brookings Board of Trustees, and co-founder and co-chief executive officer of the Carlyle Group.
Following a rigorous and competitive application process, the Rubenstein Fellows will be appointed for two-year terms in one or more of Brookings’s five research programs.

Although the press release does not mention the exact amount of the donation, other entities have reported that Rubenstein gave $15 million for the new fellowship program and $5 million to the think tank's foreign policy department.

Inside Philanthropy writes about the new donation, saying that it is "hard to see think tanks overseen by corporate leaders and heavily funded by business as truly impartial."  It also notes that it is one of the biggest gifts made to a think tank in recent years.

Anyone interesting in applying for the fellowship can do so here (salary is commensurate with experience).

In 2014, billionaire Daniel D'Aniello (also from the Carlyle Group) gave the American Enterprise Institute (AEI) $20 million.

In 2013, the Heritage Foundation received a $26 million gift from the family of the late  Kathryn and Shelby Cullom Davis.