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January 25, 2009

Outward Bound: Forest City Ratner also gives to NY Times publisher Arthur Sulzberger's favorite charity

Atlantic Yards Report

Henry Ward Beecher said "Every charitable act is a stepping stone towards heaven." Not wanting to wait, Bruce Ratner performs charity that benefits him in the here and now by many millions of dollars. Please read this blog entry to see just how it's done.

Let's take a look at New York City Outward Bound, which lists Forest City Ratner among those supporters contributing $50,000-$99,999. This comes from the company, not the foundation.

There's an interesting potential synergy; the contributors at that level also include The New York Times Company and publisher Arthur Sulzberger, Jr., who is on the Outward Bound board.

...

We can't be sure why Bruce Ratner gave--maybe Outward Bound holds a special place in his life, too--but it can't hurt relations with New York City's most powerful publisher, whose opinions are reflected in the Times's editorials (and silences).

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Posted by steve at January 25, 2009 7:45 AM