philanthropy

Margie Petersen, philanthropist and wife of late automotive publisher Robert E. Petersen, died on November 25, succumbing to breast cancer at the age of 76. Mrs. Petersen was best known in automotive circles for helping her husband found the Petersen Automotive Museum in Los Angeles, which opened ...

Every year, more than 150,000 folks stroll through the halls of the Petersen Automotive Museum. The crowds have been coming to the Los Angles auto-institution since 1994, when the doors were first opened. And it looks like those doors will remain open for many years to come thanks to a very ...

With an artistic industry driven by business, as enterprise goes, so goes art -- so when a prime mover goes down, it takes prime art with it. The reduction in General Motor's fortunes also means that Detroit's cultural institutions can collectively expect to lose more than $1 million in annual ...

In an effort to clean up his reputation after a court came down on him with an embezzlement conviction last February, Hyundai Motor Co. Chairman Chung Mong-koo has vowed to give $1.1 billion of his own money in charitable donations over the next seven years. His initial pledge was made last year as ...