Cash Donations to Hospitals and Medical Centers Drop 2.5% in a Year
Hospitals received $2.73-billion in cash gifts last year, a 2.5-per-cent drop from 1996, according to new estimates for more than 1,400 non-profit hospitals nationwide. The estimates were part of a survey released by the Association for Healthcare Philanthropy. The drop comes at a time when giving…
By Holly Hall
Contributor
Giving to Colleges Rises by 12%
Biggest increase in past decade; larger gains for private schools Colleges and universities received $16-billion in private donations last year, a 12.3-per-cent jump from 1996, says a report to be released this week by the Council for Aid to Education. The council, a private research organization…
By Debra E. Blum
Contributor
16 More ‘Points of Light’ Named
Following are the people and organizations that have most recently been named to receive President Clinton’s Daily Points of Light Award. The awards, which are given to those who have done exemplary volunteer work, take their name from President Bush’s description of people who do community service…
MacArthur Foundation Names 29 New Recipients of Its ‘Genius’ Fellowships
The John D. and Catherine T. MacArthur Foundation has announced 29 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. No one can apply for a MacArthur…
Top 10 Public Charities Gave $677-Million
Fidelity Investments’ Charitable Gift Fund, the American Cancer Society, and the Howard Hughes Medical Institute lead a new list of U.S. charities and community foundations ranked by the amount of money they disburse in grants to other non-profit organizations. The list is included in the second…
By Thomas J. Billitteri
Contributor
2 Businessmen Pledge $100-Million to Send Poor Children to Private Schools
The Wall Street financier Theodore J. Forstmann and John T. Walton, heir to the Wal-Mart Stores empire, announced last week that they will contribute $50-million each to a new fund to help children from low-income families attend private schools. The Children’s Scholarship Fund will distribute the…
By Holly Hall
Contributor
U. of Southern California Gets $17-Million Gift; Other Recent Donations
The University of Southern California, in Los Angeles, has received $17-million from Katherine B. Loker, an alumna whose father founded Starkist Foods, for the Hydrocarbon Research Institute and for a new track-and-field stadium. Mrs. Loker designated $15-million for research at the institute,…
A Majority of Wealthy Americans Increase Gifts to Charity as Stocks Keep Soaring
More than three-quarters of the wealthiest Americans, most of whom have scored big gains in the roaring U.S. stock market of the 1990s, say they have become more inclined to give to charity as a result, according to a new report. About 70 per cent of the people surveyed said they would continue to…
By Stephen G. Greene
Contributor
Carnegie’s ‘Wealth’: Passages That Inspired William Simon
William Simon, former U. S. Treasury Secretary, says his philanthropy has been significantly influenced by Andrew Carnegie’s “Wealth” essay, published in 1889. Following are some excerpts that Mr. Simon says hold importance for him: On Avoiding Extravagances This, then, is held to be the duty of…
New Era Founder Took Comfort-and Cash-From Former Treasury Secretary
When the Foundation for New Era Philanthropy collapsed in 1995, former U.S. Treasury Secretary William E. Simon, who lost $3-million in the scheme, wasn’t bitter. Instead, the multimillionaire businessman says his first impulse was to figure out why New Era founder John G. Bennett, Jr., had gone…
By GRANT WILLIAMS
Contributor