2014 $350 Million for a City Park in Tulsa
Tulsa, Oklahoma, offers a good example of how local philanthropy enriches American lives. This small city has generous individual donors and independent foundations along with a community foundation endowed with $3.8 billion in assets. Now a new donor-funded park is taking shape along the Arkansas River that runs through town, placing a fresh green crown on Tulsa’s head. In the summer of 2014 local oilman and banker George Kaiser made a $350 million gift—the largest for a public park in U.S. history—to create what will be known as “A Gathering Place.” The park will wind through the heart of the city and total nearly 100 acres when complete.
Drawing on suggestions collected in public meetings, it will connect four riverside sites into a cohesive recreation area with amenities like bike trails, boating, tennis courts, open lawns and gardens, playgrounds, a skate park, water features, and public meeting spaces. The Kaiser Foundation donated most of the land, as well as design, engineering, and construction plans, plus $50 million to operate and maintain the park once it is open. Supplementing Kaiser’s $200 million were funds from other private donors, companies, and foundations like those created by the Chapman, Schusterman, Murphy, and Helmerich families. The local government will own the property, but a private conservancy established by the Kaiser Foundation will manage and program it, following the philanthropic model which has been so successful in other parts of the country.