Software Leader Promises New Gift After Canceling Harvard Pledge
By Maria Di MentoAfter reneging on his $115-million pledge to Harvard University, Lawrence J. Ellison, chief executive of the Oracle software company, is planning to make another large charitable commitment soon. Although Mr. Ellison usually supports medical research, the technology entrepreneur…
By Maria Di Mento
Senior Editor
Planned Bank Merger Could Establish Big Family Fund
By Maria Di MentoA bank merger could lead to the creation of one of the nation’s biggest family foundations. The couple who serve as chief executives of Golden West Financial Corporation, Marion O. Sandler and her husband, Herbert M. Sandler, plan to give some $2- billion to their foundation after…
By Maria Di Mento
Senior Editor
Banker Pledges $70-Million to Science; Other Big Gifts
Seven institutions have received big gifts: The South Dakota Science and Technology Authority, in Lead, S.D., has received a $70- million pledge from T. Denny Sanford, who owns several bank and credit-card companies, to renovate the Homestake Gold Mine, also in Lead, for use as a science and…
By Maria Di Mento
Senior Editor
Presbyterian Church Gets $150-Million
By Maria Di MentoStanley W. Anderson, a Denver businessman who says he is frustrated with the steady decline in membership in the Presbyterian church, has given $150-million to the Presbyterian Church (U.S.A.), the religious denomination’s headquarters in Louisville, Ky. He said the money was to be…
By Maria Di Mento
Senior Editor
Harvard Puts Plans for Health Unit on Hold
By Maria Di MentoHarvard University has halted a plan to hire 155 staff members and scholars after it failed to receive any of the $115-million Lawrence J. Ellison, chief executive of the Oracle software company, promised to give the university. The proposed Ellison Institute for World Health,…
By Maria Di Mento
Senior Editor
Technology Investor Pledges $32-Million to Rice U.; Other Recent Big Gifts
Three institutions have received big gifts: Burt McMurtry, a private investor and a founding partner of Technology Venture Investors, in Menlo Park, Calif., and his wife, Deedee, have pledged $32-million to Rice University, in Houston. The money will come through a charitable remainder trust and…
By Maria Di Mento
Senior Editor
Financier’s Bequests Total $120-Million
Arthur Zankel, the New York financier who died in July, left a total of $120-million to several nonprofit institutions, including Skidmore College, in Saratoga Springs, N.Y, which received $42-million, the largest of all of the bequests. Mr. Zankel committed suicide at age 73 after a decades-long…
By Maria Di Mento
Senior Editor
Children’s Hospital Gets $25-Million; Other Gifts
Three institutions have received big gifts: Tristram C. Colket Jr., owner of Tekloc Enterprises, an investment company in Paoli, Pa., and his wife, Ruth, have given $25-million to the Children’s Hospital of Philadelphia. The money will be used to build a research center. Both Mr. and Ms. Colket…
By Maria Di Mento
Senior Editor
How Endowments of 247 Major Nonprofit Organizations Performed
Database: How endowment investments fared at 247 nonprofit groupsArticles: All of the advice and commentary from this special supplement on endowments Supplement in print: Order print copies of the Endowments supplements from June 2006 and August 2005
By Maria Di Mento
Senior Editor