US library to fund literacy awards with $1.5M gift

Published December 6, 2012 9:14pm ET



WASHINGTON (AP) — Billionaire investor David Rubenstein is giving the Library of Congress $1.5 million to fund three new literacy awards.

Rubenstein of Bethesda, Md., is co-founder of the Carlyle Group private equity firm. He is a major philanthropist and in 2010 gave the library $5 million to support the National Book Festival.

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