Two Donors Award Gifts of $100-Million Apiece
Two nonprofit groups have each received donations of $100-million: Gerhard R. Andlinger, an investment manager, has pledged $100-million to Princeton University, in large part to stimulate research and education on efforts to curb global warming. David H. Koch, a businessman, has pledged…
By Ben Gose and Maria Di Mento
Helmsley Charity Bequest Focuses on Aiding Dogs
By Maria Di MentoThe hotel mogul Leona M. Helmsley, who died last August, wanted most of her estate — worth $4-billion to $8-billion — to benefit a foundation whose main purpose would be to support the care and welfare of dogs, according to a statement she signed in 2003. The document is not…
By Maria Di Mento
Senior Editor
Nonprofit Endowments Achieved a Return of 15.7% Last Year
By Maria Di MentoMore than $468.2-billion is held in the endowments of 253 of the nation’s major foundations, universities, and other nonprofit organizations, according to the fifth annual study of endowments conducted by The Chronicle of Philanthropy. The organizations in the study achieved a…
By Maria Di Mento
Senior Editor
The 253 endowments in The Chronicle’s annual survey enjoyed their fifth straight year of strong investment returns in 2007, but that streak may come to a halt in 2008. The endowments in the survey earned a median return of 15.7 percent in 2007 — meaning that half of the endowments achieved higher…
By Ben Gose and Maria Di Mento
Princeton U. Receives $100-Million Pledge to Stimulate Research to Prevent Global Warming
$100-million pledged to Princeton U. to help fight global warming
By Maria Di Mento
Senior Editor
$360-Million Bequest Will Benefit Foundation in Maine
By Maria Di MentoHarold Alfond, the founder of the Dexter Shoe Company who died in November, has bequeathed approximately $360-million — his entire life savings — to the Harold Alfond Foundation, in Portland, Me. He established the foundation in 1950. The foundation has not yet received the money…
By Maria Di Mento
Senior Editor
David Rockefeller Pledges $100-Million to Harvard for Study-Abroad Programs
David Rockefeller has pledged $100-million to Harvard University, his alma mater. The pledge is the third gift of that size he has made in recent years. He announced in 2005 that he planned to give $100-million apiece to the Museum of Modern Art and to Rockefeller University, both in New York. As…
By Maria Di Mento
Senior Editor
Home Depot Founder Makes a Second $100-Million Gift
Kenneth G. Langone, co-founder of the Home Depot retail chain, and his wife, Elaine, have pledged $100-million to New York University Medical Center. Mr. Langone has served as chairman of the medical center’s Board of Trustees since 1999. The university will name the medical center for the…
By Maria Di Mento
Senior Editor
Harvard U. Receives $100-Million Pledge From David Rockefeller
Harvard U. receives $100-million pledge
By Maria Di Mento
Senior Editor
Is Gannett Foundation Operating Fairly?
Questions about Gannett’s executive giving perks
By Maria Di Mento
Senior Editor