Ford Trustees to Hold 1st Detroit Meeting in 67 Years
Underlining the Ford Foundation’s support for Detroit’s post-bankruptcy recovery efforts, the head of the country’s second-largest philanthropy said Thursday that its board will meet in the city for the first time since 1948, reports The Detroit News.
Grants Roundup: Robert Wood Johnson Foundation Commits $25 Million to Expand Health Research
Other awards include $2.5 million from the Joyce Foundation to support artists of color and sustainable growth of 11 arts and cultural organizations in Chicago.
By Eden Stiffman
Senior Editor
Biggest Boston Family Foundations Double Assets in 5 Years
The five largest family philanthropies in the Boston area grew by hundreds of millions of dollars in 2013, reaching total assets of $3.5 billion, The Boston Globe writes.
Gifts Roundup: David Koch Gives $150 Million to Memorial Sloan Kettering Cancer Center
Other gifts include $100 million to Rockefeller University, $55 million to the University of Miami, and $50 million to Inova Health System.
By Maria Di Mento
Senior Editor
Study Summary: Giving Holds Up at Smaller Foundations Despite Slowed Asset Growth
Grant makers with less than $50 million in assets distributed an average of 7 percent in 2014 — significantly higher than the 5-percent minimum required by law.
By Eden Stiffman
Senior Editor
Peter Laugharn Named Chief Executive of Conrad N. Hilton Foundation
The grant maker’s new leader was previously head of the Firelight Foundation, a Hilton grantee that provides health, education, and resilience training to needy people in Africa.
By Maria Di Mento
Senior Editor
Obituary: John Templeton Jr. Led $3 Billion Foundation
The physician and philanthropist, whose family foundation supports work that explores connections between science and religion and awards one of the world’s largest monetary prizes for individuals, died Saturday of cancer at his home in Bryn Mawr, Pa., The Philadelphia Inquirer and The Washington Post report.
Study: Less Than Half of Foundations Use Impact Investing
About 85 percent of the CEOs surveyed said financial returns were the most important consideration.
By Rebecca Koenig
Contributor
Grants Roundup: Grainger Foundation Awards $20 Million to Chicago’s Field Museum
Other awards include $2 million from the Carroll and Milton Petrie Foundation to support community college students transferring to New York University.
By Eden Stiffman
Senior Editor
Major Media Among Big Contributors to Clinton Foundation
More than a dozen big news and digital-media outlets and individuals or entities connected to them have made donations to the Clinton Foundation in recent years, with a handful giving at least $1 million, according to a Politico review of the charity’s fundraising records.
$36 Million Gift to Launch Brain Institute at U. of Texas
A new institute for brain research at the UT Southwestern Medical Center will bear the name of longtime University of Texas patron Peter O’Donnell Jr. in honor of a $36 million donation from the O’Donnell Foundation, reports D Healthcare Daily.
$70 Million in Gifts Kick Off Field Museum Capital Campaign
Chicago’s Field Museum of natural history announced a $250 million campaign Wednesday to buttress its collections and endowment, stabilize its finances, and make improvements for visitors, the Chicago Tribune writes.
Big Gifts Push Robin Hood Gala Take Past $100 Million
With two $25 million donors setting the pace, Tuesday night’s Robin Hood Foundation benefit raised $101 million for anti-poverty and education programs, a new high for Wall Street’s biggest annual philanthropic event, Bloomberg writes.
New Orleans Jazz Group to Return Library Foundation Gifts
The New Orleans Jazz Orchestra has agreed to give back hundreds of thousands of dollars in controversial contributions from a foundation that raises money for the city’s public libraries, WWL-TV reports.
Safra Fund Gives $30 Million for Brain Center at Hebrew U.
The grant from the Edmond J. Safra Philanthropic Foundation brings to $50 million its giving for a center for brain research at the Hebrew University of Jerusalem, reports Jspace News.
Grants Roundup: Jacobs Foundation Commits $52 Million to Education and to Women in Ivory Coast
Other awards include $14 million to help adults who suffer fall-related injuries and $130,000 to study a nonsurgical contraceptive vaccine for feral cats.
By Eden Stiffman
Senior Editor