Oil Company Donates $25-Million to Los Angeles Museum
March 6, 2007 | Read Time: 1 minute
The Los Angeles County Museum of Art has received a $25-million gift from the British oil giant BP, reports The Los Angeles Times.
The gift is part of the company’s effort to make significant charitable gifts in California.
The company last month announced that it had made a $500-million, 10-year grant to the University of California at Berkeley and other institutions to develop cleaner alternative fuels.
The company said neither of those gifts would count toward a pledge it made in 2002 to donate $100-million to California charities over 10 years. That pledge was made after BP took over Arco, a Los Angeles company that was well-known for its philanthropy. The company hoped that making the pledge would allay public concern about the merger, the newspaper notes.
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