Margaret McDermott, Dallas Philanthropist, Dies at 106

Dallas News reported that Dallas philanthropist Margaret McDermott died on May 3 at the age of 106.

Together with her husband, McDermott donated millions of dollars over the course of her life to nonprofits in the areas of arts, education and science. She and her husband were large supporters of the University of Texas at Dallas, Dallas Museum of Art and Massachusetts Institute of Technology.

According to the Dallas News, McDermott was honored with the Santa Rita Award by UTD, the highest honor given for philanthropy by the organization.

The Dallas Museum of Art has created a special page on its website to honor the late McDermott as a patron of their organization. The page states: “Margaret McDermott was a visionary patron of the arts, education, and healthcare whose generosity of spirit has had an immeasurable impact on the cultural and social fabric of the Dallas community for more than six decades. She was the single largest benefactor in the Museum’s history through her legendary gifts of art and endowment support.”

Read the Dallas News story on McDermott here.

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