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''' In 2005, Wave Hill was among 406 New York City arts and social service institutions to receive part of a $20 million grant from the Carnegie Corporation, which was made possible through a donation by New York City mayor Michael Bloomberg.[4][5]

On an annual basis, about 65,000 people visit Wave Hill, making it one of the most popular sites in Riverdale.

Before 1987, the estate was known as Perkins Garden. During that year, Parks Commissioner Henry Stern renamed it, Wave Hill.