Arthur Zankel, 73; Financier And Arts Patron

Associated Press
Saturday, July 30, 2005

Arthur Zankel, 73, the financier who gave $10 million for the Carnegie Hall recital space that bears his name, plunged to his death July 28 from his ninth-floor apartment in an apparent suicide, police said.

Mr. Zankel, Carnegie Hall's vice chairman, was pronounced dead at New York-Presbyterian Hospital after apparently jumping from his Fifth Avenue apartment about 11 a.m., Detective Noel Waters said.

Mr. Zankel invested in real estate through his firm, High Rise Capital Management. He was a member of the Citigroup Inc. board of directors from 1986 until last year, and he was a co-managing partner of First Manhattan Co. for almost 20 years, until 1997.

Sanford Weill, chairman of Citigroup and of Carnegie Hall's board of trustees, called him "my closest friend and adviser." Mr. Zankel was being treated for severe depression, Weill told the Associated Press.

Mr. Zankel's donation helped fund Judy and Arthur Zankel Hall, a $100 million venue that opened in 2003, fulfilling Andrew Carnegie's original vision for three performance spaces at the complex. The hall offers a relatively intimate setting, with seats for about 600, compared with 2,804 in the main Isaac Stern Auditorium.

Mr. Zankel was a trustee of the Teachers College at Columbia University and a director of White Mountains Insurance Group Ltd.

In addition to his wife, Judy, Mr. Zankel is survived by four sons from a previous marriage.

© 2005 The Washington Post Company