Tag Archives: David Geffen

PERPETUAL NAMING RIGHTS: Three Cautionary Tales and One Essential Piece of Advice

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Two separate gifts to New York City’s Lincoln Center illustrate the naming rights dilemma that many nonprofit leaders face. The first mega-gift came in 2008 from billionaire David Koch; the second from music and movie producer David Geffen. Both gifts to then Lincoln Center were for $100 million. However, two donors’ approaches to naming rights could not have been more different. A third illustration is sordid tale about a $20 million pledge with naming rights to small college that ignited a firestorm of anger among local residents, faculty, current students, and alumni. Continue reading

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