Economic Rebound Sends Art Museums on a Buying Spree
After years of reining in acquisitions amid the economic slump, art museums are again expanding their collections, with many riding the recovery to build up holdings in underrepresented areas like photography, decorative arts, and works by black, Asian, and Latin American artists, the New York Observer writes.
Super (Generosity) Bowl: Which Team Has the Edge?
The Chronicle takes a look at which team gives the most, comparing the owners, foundations, fans, and players—like Russell Wilson, who makes regular visits to Seattle Children’s Hospital.
By Eden Stiffman
Senior Editor
$7.5-Billion Pledged to Vaccinate Children Worldwide
The GAVI Alliance said Tuesday that governments and private donors have committed $7.54-billion to its campaign to inoculate 300 million children in poor countries against deadly diseases over the next five years, with longtime backer Bill Gates pledging $1.55-billion, Reuters reports.
$100-Million-Plus Gift to Northwestern U. Will Go Toward Global Studies
Roberta Buffett Elliott, investor Warren Buffett’s sister, has donated $100-million to Northwestern University to support an institute for global studies and to provide scholarships for international students, according to the university.
New Mass. Attorney General Aims to Block Big Health Nonprofit’s Expansion
Reversing her predecessor’s stand, newly elected Massachusetts Attorney General Maura Healey called on a judge this week to reject a plan by the state’s largest medical chain to acquire three more hospitals, The Boston Globe reports.
Smithsonian Plans First Foreign Foray With London Gallery
The Smithsonian Institution announced plans Tuesday for a 40,000-square-foot exhibition space on the 2012 Olympics site in East London that would be the organization’s first permanent outpost outside the United States, reports The New York Times.
Dells Donate $25-Million for New Tex. Teaching Hospital
The matching gift from the Michael & Susan Dell Foundation supports construction of a hospital that will serve as the main training center for the University of Texas medical school, which the computer mogul and his wife are also funding, the Austin American-Statesman writes.
Insurance Executive Leaves $20-Million to Pa. Divinity School
The Pittsburgh Theological Seminary announced Tuesday that it has received a $20.25-million bequest from Robert Thomson, a longtime local insurance agent who died in September at the age of 94, writes the Pittsburgh Post-Gazette.
Atlas of Giving Says Charitable Donations Grew 9% Last Year, to $457-Billion
But the organization cites a variety of factors, including the possibility of higher interest rates and a weak stock market, in warning of a likely decline this year.
By Holly Hall
Contributor
Fidelity and Schwab Donor-Advised Funds Report Strong Growth
While contributions last year to donor-advised funds exceeded the amount given away, grants made from the accounts grew at a faster rate.
By Holly Hall
Contributor