U. of Cincinnati to Get $70-Million; Other Gifts
Three universities have received big gifts. * The University of Cincinnati College of Medicine will receive a local family’s trust -- currently valued at $70-million -- for cancer research. Adrian French, the 93-year-old son of the Cincinnati musician William H. French, announced his intent last…
New Chiefs To Take Control at Packard, Howard Hughes
Two of the nation’s wealthiest grant makers appointed new presidents last month: * The David and Lucile Packard Foundation, in Los Altos, Cal., announced that Richard T. Schlosberg III, former publisher of the Los Angeles Times, has been appointed its new president. The Packard Foundation, which…
By MARINA DUNDJERSKI
Contributor
With $13-Billion in Assets, ‘Conversion’ Health Foundations Gain Influence
More than 100 foundations, with assets totaling about $13-billion, have been created by the shifting ownership ALSO SEE:Growth of Health Foundations of hospitals, health-care systems, and health-insurance plans, a new report says. The new foundations, which overwhelmingly focus their grant making…
By DOMENICA MARCHETTI
Contributor
Investing in a Cure for Cancer
James Stowers, Jr., and his wife, Virginia, have in the past five years put $340-million into an endowment to support the Stowers Institute for Medical Research.
By Susan Gray
Contributor
Connecting With Handicapped Kids
Photograph by Richard Howard The Massachusetts Foundation for Children has raised more than $600,000 for children with physical, mental, and emotional handicaps since its founding in 1984. But the organization -- which represents 23 private schools and other charities that serve disabled children…
Good-Faith Effort Off to Slow Start
Few religious charities seek public funds under new welfare law When Congress voted in 1996 to “end welfare as we know it,” the landmark law included a risky and unprecedented proposition: ALSO SEE:Church Group Uses Public Dollars to Support Job-Readiness ProgramMany Churches Amenable to Government…
By GRANT WILLIAMS
Contributor
Following are summaries of recent reports by the Council of Better Business Bureaus’ Philanthropic Advisory Service. The service reports on whether charities meet standards for fund raising, governance, financial management, and public information. The service cautions that it does not approve or…
*U.S. Reps. Philip M. Crane, Republican of Illinois, and Richard E. Neal, Democrat of Massachusetts, have introduced a bill, HR 1311, that would allow people age 59 1/2 and older to donate assets from their individual retirement accounts to a charity without incurring an income-tax liability. Mr.…
A Better Chance (Boston): Appointed Monica Alvarez, senior director of international leadership development at the Young Presidents’ Organization (Dallas), to be director of the business and professional partnership program. She will be based in the New York office of this organization that…