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L.A. Philanthropist Donates a Manhattan Condo to Juilliard By KAREN RAVEN
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| The exterior of the high-rise building which is home to Beatrix Padway's apartment. (Photo by Lisa Yelon) |
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Beatrix Padway, a resident of Los Angeles and a longtime Juilliard donor and enthusiast, has just made an unusual and generous contribution to Juilliard of an apartment in New York City. A devoted patron of the arts, Mrs. Padway often traveled to Manhattan for performances at Juilliard, the Metropolitan Opera, and Carnegie Hall, and to see friends. Her pied-à-terre, located on East 58th Street near Sutton Place, was quiet and convenient and, though small, suited her perfectly. "I adore that little apartment," Mrs. Padway said recently, "and am so happy to be able to give it to Juilliard."
At an age when most would be slowing down, Mrs. Padway is vibrant and active, though she has not traveled to New York for several years. Donating the apartment to Juilliard was Mrs. Padway's own good idea. "Juilliard is a marvelous institution—one I've been following for many years."Even more fortunately for Juilliard, the gift has come at a time when Manhattan real estate prices are at historic heights. As of this writing, the apartment, situated on a high floor with views of the East River, was going to contract for $525,000, well above its asking price of $499,000, according to Ellen Freeman at Corcoran Group Real Estate, who is handling the sale for Juilliard.
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| The view from the living room of the apartment. (Photo by Lisa Yelon) |
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The proceeds of its sale will endow the Nathaniel Finston and Beatrix and Martin Padway Conductors' Orchestra Fund, which will provide substantial support for the conductors' laboratory orchestra. The fund pays tribute to Mrs. Padway's father, a conductor and violinist who led several orchestras in New York before beginning a long and distinguished career as a pioneer of the motion picture industry in Los Angeles.Mrs. Padway donated the contents of the apartment as well. They include custom-made rugs, Asian decorative objects, and several paintings. Juilliard will be able to use these items in its production department, which mounts some 16 plays and opera productions each year. The beneficial effects of Beatrix Padway's generous and creative gift will be felt at Juilliard for countless years to come.Karen Raven is director of major and planned gifts.
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