Today’s Big Philanthropists Spend Now
Growing number of big donors want to give their fortunes away before they die
Guggenheim to Open Museum in Persian Gulf
The Guggenheim Foundation, in New York, is working with the government of Abu Dhabi to build a new museum in the United Arab Emirates, reports the Associated Press. Thomas Krens, director of the Guggenheim Foundation, called the undertaking “hugely ambitious,” but expressed confidence in the…
Concerns Raised About Medical Philanthropy
As more and more wealthy people are financing medical research through their philanthropy, some people are concerned that government might decide to reduce its spending on efforts to combat disease, reports The New York Times. Nicolas de Torrente, executive director in the United States for Doctors…
Controversy Over Car Donations Erupts
Controversy erupts over vehicles donated to hurricane-damaged cities
Another Buffett Makes Philanthropic Plans
Howard Buffett, Warren Buffett’s eldest son, says that his foundation, now valued at $130-million, will soon be worth more than $1-billion, thanks to an infusion of stock from his late mother, Susan, and money from his father, reports the Chicago Tribune. Warren Buffett announced last month that he…
Fees to Board Member’s Law Firm Questioned
Stanford U.’s payments to board member’s law firm come under scrutiny
Princeton U. Details Spending in Donation Flap
Princeton U. says not all of contested donation went to specified cause
Kresge Foundation Leader Retires
John Marshall III has retired after 19 years as president of the Kresge Foundation, in Troy, Mich., reports the Chicago Tribune. Mr. Marshall, 64, made challenge grants a big part of the foundation’s grant-making portfolio and also emphasized environmental building practices.
Bloomberg Nears Deal on His Foundation’s Home
Michael R. Bloomberg, the mayor of New York City, is poised to buy a $45-million building on the Upper East Side to house the foundation he plans to establish, reports The New York Times. Even as speculation mounts about a potential run for the presidency, Mr. Bloomberg is signaling that he will…