Hotel Mogul Leaves Billions to Charity
In what could well be one of the most generous bequests of the decade, Leona M. Helmsley has left much of her estate — worth billions of dollars — to a charitable trust. Ms. Helmsley, head of the Helmsley Hotel Chain, died last month of heart failure. Her estate is estimated to be worth between…
By Maria Di Mento
Senior Editor
In a plush, sunny meeting room, Sidney Kimmel, the 79-year-old philanthropist and chairman of the Jones Apparel Group, sits at a long, glossy conference table, with his wife, Caroline, ALSO SEE: BIO: A Philanthropist’s Giving Record by his side, listening intently to a group of Johns Hopkins…
By Maria Di Mento
Senior Editor
Hotel Mogul Leaves Billions to Charitable Trust
Hotel mogul leaves billions to charitable trust
By Maria Di Mento
Senior Editor
Court Battles Expected Over Brooke Astor’s Charity Bequests
Brooke Astor, the philanthropist and New York socialite who gave away nearly $195-million over her lifetime, died of pneumonia last week. She was 105. Several nonprofit causes will probably benefit from her estate, but which ones will get how much is not yet clear and her bequests are likely to be…
By Maria Di Mento
Senior Editor
World’s Wealthiest People Gave $285-Billion
The wealthiest individuals in the world gave more than $285-billion to charity in 2006, according to the “2007 World Wealth Report,” an annual look at the financial practices of high-net-worth individuals. The report was produced by Merrill Lynch & Company and the Capgemini Group. Collectively,…
By Maria Di Mento
Senior Editor
World’s Rich Donated $285-Billion Last Year
World’s richest people donated $285-billion to charity last year
By Maria Di Mento
Senior Editor
Three Universities Receive $100-Million Apiece
Three universities have announced that they received gifts of $100-million apiece: Thomas M. Siebel, chairman of First Virtual Group, a holding company in Palo Alto, Calif., has pledged to give the University of Illinois at Urbana-Champaign $100-million to endow science and engineering research,…
By Maria Di Mento
Senior Editor
Art Pieces Worth $100-Million Donated to Colby College
By Maria Di MentoPeter H. Lunder, a retired businessman, and his wife, Paula, have pledged to give Colby College Museum of Art, in Waterville, Maine, an extensive collection of art valued at more than $100-million. The gift includes works by Mary Cassatt, Edward Hopper, Sol LeWitt, John Singer…
By Maria Di Mento
Senior Editor
Key Results of The Chronicle’s Annual Survey and How It Was Compiled
More than $406.9-billion is held in the endowments of 268 of the nation’s major foundations, ALSO SEE:DATABASE: Endowments at Nonprofit OrganizationsTABLE: Endowments at 72 organizations that support nonprofit groupsARTICLE: Strong Endowment GrowthARTICLE: Charity Urges Colleges to Focus on…
By Maria Di Mento
Senior Editor
Diversification of assets helps charities achieve 11.7% gainThe University of Richmond’s $1.39-billion endowment, like so many of the nation’s largest endowments, ALSO SEE: DATABASE: Endowments at Nonprofit Organizations TABLE: Endowments at 72 organizations that support nonprofit groups ARTICLE:…
By Ben Gose, Maria Di Mento and PETER PANEPENTO