Walton Foundation Grants $50 Million to Teach for America
The gift will go toward sustaining the work of the teacher-training nonprofit in Southern California and expand nationwide, the Los Angeles Times reports. The funds will support 4,000 instructors over the next three years, 20 percent of whom will work in the foundation’s home state of Arkansas and the Mississippi Delta region.
David Rubenstein Gives $20 Million to N.J. Academic Center
The billionaire financier’s donation will support construction of a new building at the Institute for Advanced Study, a research and academic center in Princeton, N.J., reports The Princeton Packet.
Use of Museum for Property Summit Raises Ire in Brooklyn
The Brooklyn Museum says it will take steps to address protests over its decision to rent out the museum for a real-estate conference that critics said would promote gentrification in the borough, The New York Times writes.
Charitable Giving Up Worldwide, Down in the U.S., Survey States
More than 31 percent of respondents globally said they had made a charitable donation in the previous month, according to the World Giving Index 2015, which was based on a Gallup survey.
By Drew Lindsay
Senior Editor, Special Projects
Donor-Advised Funds Continue Rapid Growth
Grants from community foundations increased the most, says a new study from the National Philanthropic Trust.
By Alex Daniels
Senior Editor, Foundations
Gifts Roundup: President Obama’s Prep School Gets $10 Million
Other gifts include a $125 million bequest to Lighthouse for the Blind and Visually Impaired and $50 million to Brown University.
By Maria Di Mento
Senior Editor
Texas A&M Sets $4 Billion Goal in 5-Year Fundraising Drive
The campaign announced by the university Thursday is the second-largest fundraising effort by a public institution of higher education, the Houston Chronicle reports.
Citi Foundation Will Provide $20 Million to Boost Economic Opportunity
The fund will provide general operating support to charities in six cities that agree to work closely with other groups.
By Ben Gose
Senior Editor
High Court to Hear Faith Groups’ Cases on Contraceptive Rule
The Supreme Court agreed Friday to take up lawsuits brought by religious nonprofits challenging the Affordable Care Act’s mandate that their health-care plans provide birth-control coverage for employees, Politico and The Washington Post report.
Oxford Draws Fire Over Big 2010 Gift From Putin Ally
As the University of Oxford prepares to move its Blavatnik School of Government into a new home, a group of academics, Russian opposition figures, and former Soviet dissidents are calling on the institution to distance itself from the school’s namesake donor, Russian-born billionaire Len Blavatnik, The Guardian reports.