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The financier David Rubenstein has pledged $10 million to build a new facility at its headquarters in Cambridge, Mass., that will house its archival collections of historically significant papers, audio recordings, books, artworks, and letters from academy members and make their records more accessible to the public. His gift will also create the Rubenstein Fund for American Institutions, which aims to advance nonpartisan research and advocacy efforts on democratic engagement, economic iniquity, and justice.
Rubenstein is co-founder and co-chief executive officer of the Carlyle Group, a private-equity firm in Washington. He also serves as co-chair of the academy’s $100 million capital campaign.