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Wednesday, June 20, 2007

Fat Eddie Loves To Be Around Money

Governor presents Phila. Award to philanthropist Lenore Annenberg
The Associated Press
PHILADELPHIA - Philanthropist Lenore Annenberg threw Gov. Ed Rendell a kiss and appeared near tears as she accepted the 86th annual Philadelphia Award from the governor.
"I'm truly, truly overwhelmed," said Annenberg, 89, who served as U.S. chief of protocol under President Ronald Reagan.
The award, which carries a $25,000 honorarium, was established in 1921 by Edward W. Bok, publisher of Ladies Home Journal, to recognize a resident who has "acted and served on behalf of the best interests of the community" in the preceding year.
Annenberg heads the Annenberg Foundation, which made almost $48 million in regional grants last year. She has held the post since the death of her husband, publisher and ambassador Walter Annenberg, in 2002. He received the award in 1993.
Noting Lenore Annenberg's major role in the region, Rendell, a former Philadelphia mayor, said, "As lofty as she may seem, and as elegant as she truly is, Lee is anything but removed. We owe you a tremendous debt of gratitude."
"Walter would be exceptionally proud," he added.

FYI_ the Annenberg Foundation has $2.6 Billion in assets but it only donates maybe 6-7% of that per year to others. Why the fluff do they wait to spend all that loot? Why not spend it now and cure the sick, feed the hungry and give wealth to the poor??

Nah that will never happen because money means power and people like the Annenbergs and the Pews will never give up their power.

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