Baby Boomers Poised to Give $8 Trillion, Study Says
They also are much more likely than their parents to scrutinize the recipients of their donations and get into the specifics of how their money will be used.
By Maria Di Mento
Senior Editor
U. of Miami Sues Estate Over Unpaid $3-Million Bequest
The university claims it is owed millions in promised gifts by the estate of Marian Dunlap, a key donor to its marine-research work who died earlier this year, writes Miami New Times.
Gates and Slim Funds Step Up Mesoamerica Health Effort
The Bill & Melinda Gates Foundation and the Carlos Slim Foundation are preparing to launch the second phase of a cooperative, $170-million program to improve newborn and maternal health in Mexico and Central America, Reuters writes.
N.D. College Replaces Foundation Mired in Financial Woes
Dickinson State University has formed a new nonprofit alumni and fundraising affiliate pending the state-ordered dissolution of its former foundation, the Grand Forks Herald reports.
U.K. Muslim Group and Charity Watchdog Settle Donations Case
Human rights group Cage withdrew its legal case against Britain’s Charity Commission after the regulatory body agreed not to restrict nonprofits’ ability to donate to the controversial Islamic organization, The Guardian and the BBC report.
Early Berkshire Investors Produce Windfall for Neb. Charities
Schools, hospitals, and other nonprofits in Nebraska have been major beneficiaries of the largely local investors who parlayed early stakes in Warren Buffett’s Omaha-based Berkshire Hathaway into multimillion- and even billion-dollar fortunes, writes The Wall Street Journal.
Boise State U. Gets $25-Million Gift for Science Program
The donation from Micron Foundation will cover nearly half the cost of a new building for the university’s materials science program, reports the Idaho Statesman.
Obituary: Margot Winspear, Dallas Opera Benefactor
Ms. Winspear, who with her late husband gave $42 million in 2002 to build a downtown home for the Dallas Opera, died Wednesday at age 83 after a long battle with Alzheimer’s, The Dallas Morning News and WFAA television report.
Fidelity Reports Surge in Grant Making Despite Market Turmoil
The manager of donor-advised funds also added five new investment options for donors, including an impact-investment pool.
By Eden Stiffman
Senior Editor
Biden Endorses Capping Income-Tax Deductions at 28%
The vice president’s comments came as he announced he will not make a bid for the 2016 Democratic presidential nomination.
By Rebecca Koenig
Contributor