Young Multimillionaires Are Stingier Than Older Ones, Study Finds
Older wealthy people give a far bigger share of their assets to charity than their younger counterparts, according to a study by NewTithing Group, a San Francisco nonprofit organization that ALSO SEE: Giving As A Percentage of Income: How Older and Younger People Differ Twenty-Nine Percent of…
By Marilyn Dickey
Senior Editor, Copy
More New Englanders Give, but Plains Residents Give the Most, Study Finds
A higher percentage of New Englanders give to charity than do residents of any other region of the country, according to a new study issued by the Giving USA Foundation. Sixty-seven percent of all American households donated to charity in 2002, but 82 percent of those in New England did, the study…
By Harvy Lipman
Contributor
Harvard to Receive $100-Million for Medical Research; Other New Gifts
Six institutions have received big gifts: Eli and Edythe L. Broad have pledged $100-million to Harvard University, in Cambridge, Mass., for the Broad Institute, a biomedical science research center run by Harvard, the Massachusetts Institute of Technology, and the Whitehead Institute for Biomedical…
Thousands of volunteer Santas will come together in Edinburgh on December 11 for the second annual 1.2-mile Santa Run to raise money for When You Wish Upon a Star, a British charity that serves children with terminal and life-threatening illnesses. Last year’s race attracted 3,445 runners dressed…
By M.J. Prest
Senior Editor, Solutions
Lafayette, La., charities cope with sudden rise in city residentsLafayette, La. FoodNet is the sole food bank in this city of roughly 112,000 and it serves about 800 families in a typical month through a handful of pantries. But the one-two punch that Hurricanes Katrina and Rita delivered on both…
By Ben Gose
Senior Editor
Tufts U. to Use $100-Million Gift to Make Microloans in Developing Countries
Tufts University has received a $100-million gift, and plans to use the money in an unusual way: to make small loans throughout the developing world. The strategy is designed not only to yield good returns, but also to spur economic growth in impoverished regions. The donation was made by Pierre…
By Paul Fain
Contributor
University in Texas Gets $35-Million; Other Gifts
Six institutions have received big gifts: Texas A&M University, in College Station, has received $35-million from George P. and Cynthia W. Mitchell to pay for two buildings for the physics and astronomy programs. Mr. Mitchell, the chairman and chief executive officer of Mitchell Energy and…
Ranking Generosity in the States
Boston College’s Center on Wealth and Philanthropy and the Boston Foundation have released a new study ALSO SEE: Study Seeks to Dispel Image of Massachusetts as Stingy ranking states according to the generosity of their residents. To determine a state’s standing, researchers calculated its…
Study Seeks to Dispel Image of Massachusetts as Stingy
Fed up with the way Massachusetts residents were portrayed in the news media as Yankee skinflints every year when ALSO SEE:Ranking Generosity in the States the Catalogue for Philanthropy released its Generosity Index ranking the states on charitable giving, the Boston Foundation commissioned a…
By Harvy Lipman
Contributor
Corporate CEO’s Cite Benefits of Charity Work
In a survey of 350 chief executives who lead fast-growing businesses, 73 percent said they were involved in corporate philanthropy, even though less than a third of those leaders said that charitable giving was important to their companies’ growth. More than half (55 percent) of the executives said…
By Caroline Preston
Contributor
Big New Grant Maker Plans to Make Awards in Africa
Children, young people, and their families in southern Africa could soon benefit from millions of charitable dollars to be spent to improve their health care, education, and standard of living. Their benefactor is ELMA Philanthropies, a new organization with an office in New York City that is set…
By GRANT WILLIAMS
Contributor
Four wealthy and outspoken philanthropists share their thoughts about givingNew York Sheila C. Johnson, a co-founder of Black Entertainment Television, in Washington, recently canceled a $1-million gift to a hospital in Loudon County, Va., because she determined the money would not be spent as she…
By nicole lewis
Contributor