FOR A FRIEND: Barbra Streisand will present long-time friend Donna Karan with The Dream Foundation’s Founders Award on Friday at the Bacara Resort & Spa in Santa Barbara, Calif. The organization, which fulfills the dreams of adults at the end stages of their lives, previously awarded the honor to Jeff and Susan Bridges, and Sheryl Lowe, and chose to fete Karan this year for her work with the Urban Zen Foundation.

The event will feature a fashion show introduced by Saks Fifth Avenue’s Ron Frasch, with looks from the upcoming Donna Karan spring collection and performances by Macy Gray, Pia Toscano, Naya Rivera, Amber Riley and Jackson Guthy. Dan Aykroyd will also host a silent auction in which guests can bid on a private dinner with Morgan Freeman and a $2,500 shopping spree at Saks in New York, among other high-ticket items.

This story first appeared in the November 16, 2011 issue of WWD.  Subscribe Today.

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