Donor: Mass. College’s President Doomed $50 Million Pledge
Dale E. Fowler, a property developer in California, told the Boston Business Journal he had planned to nearly double a record $60 million bequest he made to Gordon College in 2007 but backed off after becoming disillusioned with the school’s administration.
$92 Million Gift Boosts Northwestern U. Biomedical Research
The donation from financial executive Louis Simpson and his wife, Kimberly Querrey, will support a new research hub at Northwestern’s Chicago medical campus, with regenerative medicine a particular focus, the Chicago Tribune reports.
Gates Foundation Ups Investment for New Vaccines
The Bill & Melinda Gates Foundation announced a $52 million investment in the German pharmaceutical firm CureVac, the philanthropy’s largest such business stake and a reflection of its growing emphasis on using investments as well as grants to back the development of new medical treatments, Forbes writes.
Scientist Couple Donates $50 Million for Caltech Endowment
The gift from Ronald and Maxine Linde will establish an unrestricted endowment to enable the California Institute of Technology to pursue promising avenues of emerging research, according to a Caltech press release.
Grant-Maker Pay Outpaces Inflation Since Recession, Report Says
The data from the Council on Foundations also suggests that significant turnover looms for organizations as an aging work force retires.
By Alex Daniels
Contributor
Gloria Johnson-Cusack Takes Helm of Health and Social-Services Coalition
The new leader of the National Human Services Assembly will focus on collaboration and implementing best practices from businesses and elsewhere.
By Eden Stiffman
Senior Editor
Obamacare Case Puts Spotlight on Libertarian Think Tank
The Competitive Enterprise Institute, a relatively small Washington, D.C., research group with ties to major conservative and corporate donors, had a star turn Wednesday as the Supreme Court heard a high-profile challenge to the Affordable Care Act that the institute organized and bankrolled, writes The New York Times.
With More Cash, Yale Fund May Be Seeking New Investments
Yale University’s endowment is holding nearly $1 billion in cash, about 3.5 percent of its total assets, reversing past policy that saw the fund borrowing money to invest and increase returns, Bloomberg writes.
Banks Block Millions in Gifts to U.K. Middle East Aid Groups
International banks such as HSBC and UBS are holding up donations to U.K.-based charities delivering aid to Syria, Iraq, and Gaza over concerns that the money will end up with extremist groups and put the banks in violation of broad British anti-terror laws, The Guardian and the Thomson Reuters Foundation report, citing a new think-tank study.
S.F. Effort Aims to Draw Private Gifts for Public Schools
Mayor Ed Lee announced on Wednesday a partnership with the San Francisco Chamber of Commerce to coordinate donations for public education from companies, nonprofits, and individual philanthropists, the San Francisco Chronicle reports.