Gifts Roundup: Northwestern Gets $100 Million; Wellesley Lands 2 Gifts Totaling $50 Million
Among other notable donations are $50 million to William and Mary, $23 million for the University of Kentucky, and $16.5 million for Duke University.
By Maria Di Mento
Senior Editor
Role of Donor-Advised Funds Prompts Heated Debate
Scholars, lawyers, and nonprofit leaders are divided on whether the federal government should do more to regulate how the fast-growing funds operate.
By Alex Daniels
Contributor
Weills Pull $20-Million Gift After Court Denies College Renaming
Paul Smith’s College officials said billionaire philanthropists Joan and Sanford Weill withdrew their donation after a judge rejected their condition that Ms. Weill be added to the institution’s name, reports The New York Times.
Texas Investigators Demand Planned Parenthood Clinic Records
Three days after taking steps to cut off government funding for Texas Planned Parenthood affiliates, state health investigators served orders Thursday for years of patient records, staff addresses, and other documents from the women’s health organization, The Washington Post and the Austin American-Statesman report.
Zuckerberg and Chan to Launch Bay Area Private School
Facebook CEO Mark Zuckerberg and his wife, physician and former teacher Priscilla Chan, will open a preschool and K-8 school next year tailored to the needs of children from low-income families in East Palo Alto, Calif., the San Jose Mercury News reports.
$50-Million Gift for William and Mary, U. of Kentucky Gets $23 Million
The College of William & Mary announced an anonymous $50-million donation Thursday as the Virginia university launched a $1-billion fundraising campaign, writes The Washington Post, and the University of Kentucky received $23 million to establish an honors college, the Lexington Herald-Leader reports.
Appeals Court Says L.A. Can Audit Union-Linked Nonprofits
Los Angeles officials won long-sought legal authority Thursday to fully comb the books of controversial nonprofits co-run by the city’s Department of Water and Power and the union representing much of its workforce, reports the Los Angeles Times.
Foundations and Endowments Eye Private-Equity Co-Investments
Nonprofit institutional investors are increasingly weighing investment deals in which they put up money alongside a private equity firm rather than simply committing more money to that firm’s equity funds, The New York Times writes, citing a study by Boston investment consulting firm NEPC.
Meyer Fund Veteran Moves to New Foundation; GiveMN Gets New Leader
Other personnel changes include new leaders at Parelli Foundation and Resource Alliance.
By anais.strickland
Contributor
Pritzker Family Gives $100 Million to Northwestern Law School
The donation, from venture capitalist J.B. Pritzker and his wife, M.K. Pritzker, will go toward scholarships and grants as well as the college’s social-justice, entrepreneurship, and civil- and human-rights efforts, the Chicago Tribune reports.