AOL Executives Pledge $30M Art Gift
WASHINGTON (AP) _ Two senior executives of America Online are pledging a reported $30 million toward construction of an addition to Washington’s Corcoran Gallery of Art and College of Art and Design.
The joint gift by Robert Pittman and Barry Schuler and their wives would be the largest donation in the 132-year history of the Corcoran and amount to one-fourth of the $120 million cost of the project, The Washington Post said Monday.
Pittman, 47, was chairman and chief operating officer of America Online Inc. in suburban Virginia before being selected as co-chief operating officer of the newly merged AOL Time Warner. He created the MTV cable network and is a former chief executive of Six Flags Theme Parks and Century 21 Real Estate and other enterprises.
Schuler, 47, is chairman and chief executive of AOL. He joined the board of the privately endowed Corcoran last year. Pittman has been on the board for three years.