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Apollo’s Black Donates $48 Million for Dartmouth Arts Center

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March 29 (Bloomberg) -- Leon Black, head of the New York private-equity firm Apollo Global Management LLC, and his wife, Debra, are contributing $48 million to a new visual arts center at Dartmouth College in Hanover, New Hampshire.

The Black Family Visual Arts Center will expand resources for the discipline’s students and faculty with a gallery, screening room, 243-seat auditorium, classrooms and offices, Dartmouth said today in a statement on its website.

More than one in four Dartmouth students annually enroll in visual arts, film and digital studies, and studio classes, according to the statement. The Black family has commissioned a work by abstract artist Ellsworth Kelly that will be installed before the building’s dedication in September.

“This visionary gift recognizes the centrality of the visual arts in our lives and the value of visual literacy for all,” Jim Yong Kim, Dartmouth’s president, said in the statement.

Black, who is Apollo’s founder, chairman and chief executive officer, graduated from Dartmouth in 1973 and was a trustee of the school from 2002 to 2011, according to the statement.

To contact the reporter on this story: John Lauerman in Boston at jlauerman@bloomberg.net

To contact the editor responsible for this story: Lisa Wolfson at lwolfson@bloomberg.net

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