Central Park Receives Largest Gift Ever From John Paulson

NEW YORK: Hedge-fund manager John Paulson has donated $100 million to the Central Park Conservancy. It is the largest gift ever given to the famed Manhattan oasis and is believed to be the most amount of money ever donated to a U.S. park.

The gift is one of many philanthropic endeavors for the seasonal Southampton resident, who also donated $5 million to Southampton Hospital to build the Jenny and John Paulson Emergency Department.

With the money, the park will be able to fund numerous capital improvement projects and add to its endowment.

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