The award to Sorrell is thought to be the second-largest granted to a FTSE 100 chief executive, behind only the £92m in shares and cash paid to Bart Becht while he was chief executive of Reckitt Benckiser in 2009.
The largest grant in the package being announced today will go to National Public Radio, which will receive $14 million, the largest grant it has ever received.
Thirty-two cathedrals will receive sums of between £15,000 and £870,000, with the largest grant going to Coventry Cathedral.
The largest grant of $700,000 went to Nutley, while the other recipients included Edison, Teaneck, Lawrence and Lakehurst.
Last month, Westbrook's foundation received a $1 million donation for its endowment fund, the largest grant the foundation has received.
Finally the festival received the largest grant ever given by the council to a start-up organization.
Illinois received the largest grant of $42.8 million, followed by Pennsylvania with $41.3 million and New Jersey with $37.8 million.
In February, they granted him 1.5 million options on Citigroup stock, his largest grant since 2000, when he received 19.5 million options.
Last December, Andrew C. Taylor, the chief executive of Enterprise Rent-a-Car, announced a $40 million challenge grant from his family, the largest grant ever made to an arts organization.
His move raised the question: why had senior politicians approved £238m in aid – then the largest grant awarded for a single project – against the advice of civil servants?
It is the largest grant ever by a foundation to the school, which opened the John M. Olin Center for Law, Economics and Business in 1985.
