Local News in Brief : $400,000 Gift for Books
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The Save the Books Campaign has announced that the Milken Family Foundation will contribute $400,000 for the restoration and replacement of books on education and other education-related materials lost in two fires that destroyed the downtown Los Angeles Central Library in 1986.
The campaign seeks to raise $10 million to replace about 400,000 books damaged and destroyed in the fires that ravaged the historic structure.
Co-chairman Lodwrick M. Cook said the gift makes the foundation one of the major contributors to the campaign, along with the J. Paul Getty Trust, Atlantic Richfield Co. and the Times Mirror Foundation.
Perhaps the best known member of the Milken foundation is financier Michael Robert Milken, 41, who created a $100-billion market for so-called junk bonds.
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