“Tate Modern in London announced its largest individual donation, with a commitment of 5 million pounds ($9.55 million), from John Studzinski, of Blackstone Group LLP. The money will go toward the expansion of the Tate Modern with a new building on the south side. The London Development Agency has already committed 7 million pounds to fast track the building, so that it is ready for London’s hosting of the Summer Olympic Games in 2012.”