A Look at the Charitable Priorities of Billionaire Philanthropist Michael Bloomberg
The billionaire philanthropist, who is signaling his interest in joining the race for the Democratic presidential nomination, has given away more than $7 billion. His fortune currently is pegged at $52.4 billion.
Some donors join a charity’s board or spend a few hours onsite. Carol and George Bauer take getting to know their grantees to whole different level.
Huntsman Family Pledges $150 Million to U. of Utah for Mental-Health Services and Research
The gift will benefit the university’s 32,000 students and will provide better access to mental-health care for people across rural Utah.
Mayo Lands $15 Million, Plus a Thomas Jefferson Museum Gets $10 Million (Gifts Roundup)
Also, the Cincinnati Ballet gets $10 million for a new building, Spelman College receives $2 Million for a Queer Studies professorship, and a nonprofit that helps the homeless in Arizona receives $10 million.
College Giving by Foundations Focuses on Helping Low-Income and First-Generation Students
A study by Rockefeller Philanthropy Advisors and the TIAA Institute also found that grant making to community colleges is of particular interest for foundations focused on employability.
Pepperdine’s Law School Lands $50 Million to Help Underserved Students (Gifts Roundup)
In addition, Craig Newmark gave $1.5 million for a program that will help journalists investigate and verify online content.
Plus, the U.S. Holocaust Memorial Museum, Carnegie Hall, Big Shoulders Fund, and seven universities received large donations.
Family Foundations Shift Focus Toward Economic Equality
The shift is most notable for newer family-run grant makers, while older ones tend to focus on education.
When Major-Gift Fundraisers Manage Fewer Donors, They Can Raise More Money
Better work-life balance and a better donor experience are two of the benefits.
Plus, Oprah gives Morehouse College $13 million for scholarships, and four universities and a Houston group receive big gifts.