Collapse of a Charitable Legacy
Fate of city’s prized art collection is uncertain as gallery and benefactor’s heirs battle for ownership His name is hard to escape in this sleepy provincial capital. A downtown street, a leading hotel, a public auditorium, counseling center, and university dormitory are named for him, while his…
By Colin Woodard
Contributor
Corporate Giving Spurs Sales Growth, Study Finds
For every dollar a retail company, bank, or popular-goods manufacturer adds to its charitable-giving budget, it can expect sales to grow by an average of $6, according to a study by three university researchers who attempted to quantify the economic benefit of corporate giving. In addition, a…
By Ian Wilhelm
Contributor
Brown University Receives $100-Million for Its Medical School
Brown University has received a $100-million grant for its medical school from the Warren Alpert Foundation, in Providence, R.I. Mr. Alpert is the founder and chairman of Warren Equities, a Providence marketing company for several gasoline companies and convenience stores throughout New England.…
By M.J. Prest
Senior Editor, Solutions
Former Rockefeller Executive Found Guilty of Stealing $400,000
A former grants administrator at the Rockefeller Foundation has been found guilty of stealing more than $400,000 from the grant maker by defrauding its employee matching-gift program over a seven-year period. Cheryl McEwan, 51, who was employed at the foundation from 1990 until she was fired last…
By Ian Wilhelm
Contributor
Alumnus Pledges $30-Million to University of Florida; Other Gifts
Six institutions have received big gifts: The University of Florida, in Gainesville, has received a pledge of $30-million from William R. Hough, founder of a municipal-bond firm in St. Petersburg, Fla., to support the graduate programs at the Warrington College of Business Administration. The money…
By Anne W. Howard
Contributor
Executive Embraces Challenge of Creating Top-Tier Pediatric Clinics
Kelby K. Krabbenhoft has overseen a decade of rapid growth here at Sioux Valley Hospitals and Health System, but ALSO SEE:ARTICLE: Great Plains Generosity that’s nothing compared with his vision for the future. The system, renamed Sanford Health this month following a $400-million gift from the…
By Ben Gose
Senior Editor
A little-known billionaire gives $400-million to S.D. hospital When the head of a South Dakota hospital system paid him a visit in late 2005, T. Denny Sanford had no idea he was about to be asked to make one of the largest gifts ever to a medical institution. Kelby K. Krabbenhoft had told Mr.…
By Ben Gose
Senior Editor
THE FACE OF PHILANTHROPYBetter Beginnings
Photograph by Lynn Hoffman-Brouse
By HEATHER JOSLYN
Contributor
Health Center to Receive $35-Million
Eight institutions have received big gifts: St. John’s Health Center, in Santa Monica, Calif., has received a pledge of $35-million from Patrick Soon-Shiong, founder and chief executive officer of Abraxis BioScience, a pharmaceutical-development company in Los Angeles, and his wife, Michele B.…
Is the U.S. Treasury Secretary Giving Away His $800-Million Fortune?
Environmental charities probably celebrated last week when news leaked out that U.S. Treasury Secretary Henry M. Paulson, a long-time supporter of conservation programs, had plans to contribute almost his entire fortune to charitable causes. An article in Financial News, an online news service,…
By Ian Wilhelm
Contributor
Groups Seek to Increase Giving by Hedge-Fund Industry Workers
With hedge funds proliferating and their wealth rapidly expanding, a handful of groups have formed to raise money not ALSO SEE:ARTICLE: Betting on Hedge FundsARTICLE: A Hedge-Fund Manager Drums Up Support for His Charity only from fund managers but also from people who work throughout the industry.…
By nicole lewis
Contributor
A Hedge-Fund Manager Drums Up Support for His Charity
“Some folks play golf, some folks play the ponies, some folks play hard to get — we play music for A Leg to Stand On, a 501(c)(3) charitable ALSO SEE:ARTICLE: Betting on Hedge FundsARTICLE: Groups Seek to Increase Giving by Hedge-Fund Industry Workers organization that transforms the lives of…
By nicole lewis
Contributor
Charities seek to tap into a fast-growing source of wealth Kenneth C. Griffin courted Anne Dias among the stone sculptures and Impressionist paintings at the venerated Art Institute of Chicago. Happy memories of the museum ALSO SEE: TABLE: Foundations Started by Hedge-Fund Managers: a Sampling…
By nicole lewis
Contributor
THE FACE OF PHILANTHROPYHead of the Class
Several days a week, Amber Green leads her preschool class in the salute to the flag and helps the youngsters determine what kind of weather they will have during recess. She assists them during show and tell, and teaches them rudimentary Spanish. However, Ms. Green cannot walk around the…
By M.J. Prest
Senior Editor, Solutions