The apartment was owned by the Ted Forstmann, the late private-equity investor.

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The Children's Scholarship Fund, launched by entrepreneur Ted Forstmann and John Walton, awarded 40, 000 scholarships to children in kindergarten through 8th grade.

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Diane von Furstenberg, IMG Chairman Ted Forstmann, Lincoln Center Chair Katherine Farley and Council Speaker Christine Quinn will also attend the announcement.

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In 1999, for instance, Ted Forstmann and John Walton launched a major program to provide money for 40, 000 scholarships for low-income families across America to send their children to independent schools.

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Presenting the award to him at the Plaza Hotel was American billionaire Ted Forstmann, also a dinner chair for the event, which was sponsored by the Business Council for International Understanding.

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Ted Forstmann is a major GOP fundraiser.

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Assuming that neither Mr Pataki nor Ted Forstmann, a wealthy investment banker turned influential school-choice education reformer, could be persuaded to change their minds and run, the likeliest candidate would be Rick Lazio, a congressman from Long Island.

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According to an official release, Carl Icahn, Ted Forstmann and Steve Case are among the notable billionaires to sign onto the pledge announced today, many of whom already have already posted pledge letters on the site, www.givingpledge.org.

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Deputy mayors Patricia Harris and Robert Steel, Council of Fashion Designers of America President Diane von Furstenberg, IMG head Ted Forstmann and Lincoln Center chair Katherine Farley also joined Bloomberg as he spent the next 20 minutes extolling the virtues of New York as a fashion base.

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