Giving by Companies Rose 14% Last Year, Study Finds
Two new studies shed light on corporate giving and how Americans view it: Corporate giving jumped by 14 percent in 2005, to $8.4-billion, according to a survey of 62 big companies. Americans say they are more impressed by how a company treats its workers than by how much it gives. The survey on the…
By SUZANNE PERRY
Contributor
Financier’s Bequests Total $120-Million
Arthur Zankel, the New York financier who died in July, left a total of $120-million to several nonprofit institutions, including Skidmore College, in Saratoga Springs, N.Y, which received $42-million, the largest of all of the bequests. Mr. Zankel committed suicide at age 73 after a decades-long…
By Maria Di Mento
Senior Editor
Children’s Hospital Gets $25-Million; Other Gifts
Three institutions have received big gifts: Tristram C. Colket Jr., owner of Tekloc Enterprises, an investment company in Paoli, Pa., and his wife, Ruth, have given $25-million to the Children’s Hospital of Philadelphia. The money will be used to build a research center. Both Mr. and Ms. Colket…
By Maria Di Mento
Senior Editor
An entrepreneur relishes giving to causes she holds dear By Nicole Lewis Growing up, Sheila C. Johnson moved 13 times to follow her father’s jobs at veterans’ hospitals around the country. In each of her family’s homes sat a piano where her father, a neurosurgeon, often played music by Chopin after…
By nicole lewis
Contributor
Mary French knows from personal experience that children love dictionaries — she has been distributing them free to third graders in her home state of South Carolina for more than 10 years. But she has also learned just how much adults, even in this high-tech era, are attached to the humble…
By SUZANNE PERRY
Contributor
Federal Judge Strikes Down AIDS-Grant Restriction
By Ian WilhelmA federal judge in Washington has struck down a U.S. government requirement that nonprofit groups sign an antiprostitution pledge to receive AIDS grants, saying the rule violates organizations’ free-speech rights. The ruling was a victory for DKT International, a charity in Washington…
Linking Charity to Company’s Bottom Line Is Top Concern
By Ian WilhelmCorporate grant makers say their most important concern is how best to align their giving with their business needs, says a new survey. The push by corporations for donations to benefit their bottom line is not a new trend, but the survey shows that the approach remains popular, with…
Stanford U. to Receive $100-Million; Other Gifts
Ten institutions have received big gifts: Stanford University will receive a $100-million gift from John Arrillaga, a Silicon Valley real-estate developer and longtime supporter of the institution. Mr. Arrillaga, who is a Stanford alumnus, intends the donation to be used for academic programs, and…
Engineering a Foundation’s Demise
A philanthropy that jump-started biomedical research shuts downAs a teenager in the 1960s, Ruth Whitaker Holmes remembers her father enthusiastically foretelling a time when engineers would play a vital role in devising medical cures and technologies. An engineer trained at the Massachusetts…
By Michael Anft
Contributor
Photograph courtesy of Riders for Health
By Sun Jung Kim
Contributor
Learning the Business of Philanthropy
Program in South Carolina teaches high-school students how to make money and give it awaySamuel Irvin (Chip) Baxter Jr., 17, wants to follow in his father’s footsteps into the word of banking and finance. ALSO SEE:Charity’s Youth MovementHigh-School Senior and Peers Are a Growing Force for…
By Darlene M. Siska
Contributor
42% Gave to Social Causes, Survey Says
Forty-two percent of Americans gave money or time to benefit social causes in 2005, a bigger share than the 35 percent who made such donations in 2004, according to a new Roper Reports Public Pulse survey. The increase was accounted for in part by donations for victims of Hurricanes Katrina and…
By Leah Kerkman
Contributor
$100-Million Pledged to N.Y. Cancer Center
The Memorial Sloan-Kettering Cancer Center, in New York, has received a $100-million pledge from Mortimer B. Zuckerman, the publisher and real-estate developer, for the center’s new cancer-research facility, which includes a 23-story tower scheduled to open this month. Mr. Zuckerman is chairman and…
By MARTY MICHAELS
Contributor
Cleveland Clinic Receives $82-Million; Other Gifts
Six institutions have garnered big gifts: The Cleveland Clinic has received a $65-million pledge from an anonymous donor for construction and renovations at the Heart and Vascular Institute, as part of the clinic’s $1.25-billion capital campaign, which was announced last week. The clinic has also…
Nonprofit Groups Urged to Adopt Investing Guidelines
Thirty-four government pension funds, religious groups, and other large institutional investors from 16 countries, controlling more than $2-trillion in assets, have joined together in an effort to ensure that companies pay greater attention to environmental and social issues. The organizations…
By Harvy Lipman
Contributor