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Notre Dame's French Billionaire Donors Haven't Paid Yet
Posted
June 16, 2019
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June 16, 2019
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0:39Now PlayingThe billionaire French donors who publicly proclaimed they would give hundreds of millions to rebuild Notre Dame have not yet paid a penny toward the restoration of the French national monument, according to church and business officials.
Instead, it's mainly American and French individuals, via Notre Dame charitable foundations, that are behind the first donations paying the bills and salaries for up to 150 workers employed by the cathedral since the April 15 fire that devastated its roof and caused its masterpiece spire to collapse. This month they are handing over the first private payment for the cathedral's reconstruction of 3.6 million euros ($4 million).
"The big donors haven't paid. Not a cent," said Andre Finot, senior press official at Notre Dame. "They want to know what exactly their money is being spent on and if they agree to it before they hand it over, and not just to pay employees' salaries."
Almost $1 billion was promised by some of France's richest and most powerful families and companies, some of whom sought to outbid each other, in the hours and days after the inferno. It prompted criticism that the donations were as much about the vanity of the donors wishing to be immortalized in the edifice's fabled stones than the preservation of France's church heritage.
Francois Pinault of Artemis, the parent company of Kering that owns Gucci and Saint Laurent, promised 100 million euros ($112 million), while Patrick Pouyanne, CEO of French energy company Total, said his firm would match that figure. Bernard Arnault, CEO of luxury giant LVMH that owns Louis Vuitton and Dior, pledged 200 million euros ($224 million), as did the Bettencourt Schueller Foundation of the L'Oréal fortune.
None of that money has been seen, according to Finot, as the donors wait to see how the reconstruction plans progress and fight it out over contracts.
The reality on the ground at Notre Dame is that work has been continuing around the clock for weeks and the cathedral has had to rely partly on the charity foundations to fund the first phase of reconstruction.
The Friends of Notre Dame de Paris was founded in 2017, and its president, Michel Picaud, estimates that 90% of the donations it has received have come from American donors. Indeed, Picaud just returned from a fundraising trip in New York.
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