Annenberg Foundation Shifts its Base

One of her last passions is still taking form at the Academy of Music, where she was lead funder for an $8.5 million renovation of the ballroom. It is expected to reopen in July.

That project, for which she gave $5.3 million, was just the tip of the iceberg on the Avenue of the Arts. She gave $15 million to the Academy's endowment, $50 million to the orchestra's endowment, and tens of millions more to the renovation of the Academy.