There are many long term benefits for both the investment firm and the foundation in this partnership
Beverly Hills, CA (PRWEB) August 14, 2007
In remembrance of the victims of 9/11, Mario Magro Kiss For a Cause Foundation (KFAC) is auctioning off a limited edition series of multi dimensional cast bronze art pieces entitled "New York Stock Exchange 1901-1942." Each exquisitely crafted piece is sized at approximately five ft. long by three ft. high. The series is limited to 100 individually numbered pieces with the total acquisition value placed at $5 million.
The first piece, 1/100, which is valued at $50,000, will be donated to Mario Magro Kiss For A Cause Foundation and auctioned off on Charity Folks in support of orphaned, homeless and abandoned children. Twenty-five percent of the net proceeds raised will be distributed to programs and scholarship funds dedicated to orphans of the 9/11 victims. The private and commercial sector has the opportunity to acquire the entire series of 100 pieces for three months before KFAC auctions off the pieces individually.
"New York Stock Exchange 1901-1942" was created by internationally acclaimed artist Mario Magro, who hand carved the original out of wood and made the bronze pieces using the original as the master. According to Magro, the "New York Stock Exchange 1901-1942" depicts the old stock market, which closed Apr. 26, 1901. "Everyone stood still for a brief moment while a photograph was snapped - you can see the calendar date on the wall," Magro explains. "The image of the old stock exchange merges with the newer building of 1942, so you can see the change in the architecture. The people to the left are dressed in the period of 1901 and they merge with the people of 1942. There are approximately 400 stock traders and onlookers seen in the work of art. It's the very history of the exchange; it combines two eras and captures the heart and life line of the market and financial industry as we see it. The stock market has always been a symbol of American liberties - the major core of our financial structure and who we are. This work of art captures it all," Magro states emphatically.
When asked who he thinks would be a good fit to acquire such a deal, Magro replies frankly, "Rupert Murdoch. His acquisition of the Dow Jones creates the perfect synergy."
About Mario Magro Kiss For a Cause Foundation
Mario Magro Kiss For A Cause Foundation (MMKFACF) is dedicated to the protection of orphaned, homeless and abandoned children. Internationally, there are 140,000,000 children suffering from extreme poverty. MMKFACF's mission is to house, feed and educate orphaned and abandoned children.
"I don't think we are ever going to find a solution to these problems, but we can make a difference to a group of children," Magro states, noting that his goal is to partner up with a strong Wall Street firm and their bankers in the acquisition of the remaining 99 pieces. Upon completion of the acquisition, Magro will work with the bankers to set up long term funds in support of the children's training and education programs with a minimum contribution of $1 million donated to the foundation. "There are many long term benefits for both the investment firm and the foundation in this partnership," says Magro. "As the foundation develops, we anticipate the fund growing to substantial numbers."
About Mario Magro
Magro first achieved international media recognition in 1989 for his sculptures of (then) president Ronald Reagan and Soviet leader Mikhail Gorbachev. Magro created the sculptures as a gift to the world leaders in honor of the signing of the nuclear peace treaty. In 2003 he launched his signature Mario Magro Handbags, a unique product based on the concept of creating art and architectural design within fashion. The centerpiece of Mario Magro Handbags is the Le Coop, an ingeniously crafted bag distinguished by a wall of dyed crystal and glass in diamond or signature cross cut patterns housed in an exchangeable acrylic shell. Celebrities including Halle Berry, Elizabeth Hurley, Sharon Stone, Sela Ward, Kimberly Stewart, Leelee Sobieski, Jenny McShane, Janice Dickinson, Sarah Buxton, and Bai Ling are all avid collectors of the Mario Magro Handbag line. Kiss For a Cause Foundation was born when Magro came up with the ingenious idea if having celebrities kiss and sign the panels of his Crystal Le Coop handbags and then auction them off for charity. MMKFACF has hosted a number of celebrity online auctions with participants ranging from some of the biggest names in country music including George Strait, Vince Gill and Michelle Branch, to international top models Traci Bingham and Joanna Krupa. For more information on the foundation please visit http://www.kissforacause.org
About Charity Folks
Charity Folks is the leading online marketplace for nonprofit fundraising, corporate-cause marketing campaigns and celebrity-driven charity events, a cross-market penetration that has made them the "go-to" in the field of ePhilanthropy. Among Charity Folks' special partners are hallmark nonprofits including Entertainment Industry Foundation and The World Wildlife Fund; A-list celebrities, such as Alicia Keys and Morgan Freeman; and top-brand corporations, including Toyota and Esquire Magazine.