UPS: $6-Million for Volunteerism
The UPS Foundation, the grant-making arm of the United Parcel Service of America, has announced plans to spend nearly $6-million over the next four years to help five national charities beef up their volunteer programs. The money will be divided among the National Park Foundation, City Cares of…
USA Group Fund to Get $770-Million
The small grant-making arm of USA Group, a non-profit provider of student loans based in Indianapolis, is set to receive $770-million in cash and stock from Sallie Mae, the country’s largest student-loan financer. The transaction results from Sallie Mae’s purchase of USA Group. The cash infusion to…
A $150-Million Lift for Public Schools
The Wallace–Reader’s Digest Funds have pledged $150-million over five years to a new grants program to improve the leadership of public schools and school districts over the next five years. The money will be focused on efforts to recruit, train, and retain high-quality principals and…
Creators of Heart Program and Cop Trading Cards Among ‘Points of Light’
Following are the people and organizations that have most recently been named to receive President Clinton’s Daily Points of Light Award. The Points of Light Foundation, a Washington charity, assists the president in making the choices and carrying out the award program. More information about the…
3 N.Y. Charities to Share $80-Million Pledge for Biology Research; Other Gifts
Several organizations have received big gifts. An anonymous donor has pledged $80-million to three New York institutions for a collaborative program in basic biological research. Cornell University and its Weill Medical College, Memorial Sloan-Kettering Cancer Center, and the Rockefeller University…
25 New MacArthur Fellows Named
By C. QUINN HANCHETTEThe John D. and Catherine T. MacArthur Foundation, in Chicago, has announced 25 new MacArthur Fellows. Recipients of the fellowships, often called “genius awards,” are free to use the money as they wish. The foundation does not require them to produce any products or reports.…
How The Chronicle’s Survey on Corporate Giving Was Conducted
The Chronicle’s survey of corporate giving offers a glimpse of the state of philanthropy at many of the nation´s largest businesses. It is based on information provided by some of America´s biggest companies, as ranked according to their annual revenue by Fortune magazine. The 150 largest of the…
Companies That Made 25% or More of Their Gifts in Products in 1999
Companies That Made 25% or More of Their Gifts in Products in 1999 Percentage of Non-cash gifts What they donate total giving Abbott Laboratories $70,000,000 pharmaceuticals, consumer products 85.7% Merck & Companys $216,000,000 pharmaceuticals, vaccines 84.4% Pfizer $119,204,000 pharmaceuticals,…
Company Giving Feels Effects of Mergers
By DEBRA E. BLUMMergers and acquisitions among large companies can have a profound impact on the companies’ philanthropy, according to a new report. Published by the Conference Board, a New York research group financed by 3,000 ALSO SEE:Charitable Giving at 97 Major CorporationsCorporate Giving…
By Debra E. Blum
Contributor
How Much Companies Spent Matching Employee Gifts in 1999
How Much Companies Spent Matching Employee Gifts in 1999 Employee-matching gifts Percentage of cash giving International Business Machines Corporation $21,800,000 50.7% Microsoft Corporation $12,612,000 49.2% Nationwide $4,256,218 40.6% J.P. Morgan & Companyn $5,259,618 32.0% General Electric…