Survey Finds Rapid Rise in Assets and Grants of Donor-Advised Funds
Assets at many of the nation’s largest donor-advised funds grew to $10.2-billion last year, and the funds made $1.4-billion in grants to charitable groups, according to a Chronicle survey. ALSO SEE:Donor-Advised Funds: Assets, Awards, and Accounts at a Sampling of Big Providers The figures reflect…
By Harvy Lipman
Contributor
A Better Rx for Global Health?
Conferees seek broader approach, more public-private collaborationLondon The global health crisis that has focused much of the world’s attention on AIDS and other infectious diseases cannot be solved by sticking to traditional medical and public-health approaches, several speakers at an…
By Stephen G. Greene
Contributor
Sometimes, youths can use some direction to get their lives on track. That, at least, is the philosophy behind the All Stars Project, a New York charity that uses theater to provide a showcase for young people’s creative talents and to introduce them to new experiences and people. For the past 18…
Andrew Carroll created the all-volunteer Legacy Project three years ago to honor and remember ALSO SEE:Samples of the letters Mr. Carroll has received for the project those who have served this country in wartime by seeking out and preserving their letters. Now, with 50,000 letters in hand, Mr.…
$150-Million Trust Will Benefit 13 Charities in Alabama; Other Gifts to Nonprofit Groups
Three donors have made big gifts: Lucille Stewart Beeson, of Birmingham, Ala., has bequeathed an estimated $150-million to benefit 13 Birmingham-area charities. In her will, Mrs. Beeson directed that the donation be used to endow a perpetual trust, which will pay out a portion of its interest to…
Wallace-Reader’s Digest Funds and New York Attorney General Reach Settlement
By JANET L. FIXNew York’s attorney general has announced a settlement with the Wallace-Reader’s Digest Funds that ends a lengthy legal dispute and gives 13 charities direct control of $1.7-billion in assets. The move also raises questions about the future of the company and charitable foundation…
By Janet L. Fix
Contributor
Hewlett Pledges $400-Million to Stanford; Grant Is Largest Ever to a U.S. University
By ZIYA SERDAR TUMGORENThe William and Flora Hewlett Foundation has made a $400-million pledge to Stanford University. The grant, which is the largest ever committed by a foundation to an American university, will support undergraduate education and add to an endowment for the humanities and…
By Serdar Tumgoren
Contributor
Foundation Study Finds Big Rise in 1999 in Charitable Loans and Investments
By GRANT WILLIAMSFoundations have increased the amount of money they are offering charities in the form of loans, equity ALSO SEE: Program-Related Investments investments, and other so-called program-related investments, according to a new study from the Foundation Center. In 1998, the country’s…
By GRANT WILLIAMS
Contributor
A Challenge to Step Up AIDS Grants
U.N. chief implores U.S. funds to help finance a global attackPhiladelphia When United Nations Secretary General Kofi Annan urged U.S. grant makers to become partners in a global battle against AIDS by helping to amass an international war chest of as much as $10-billion a year, he received a…
By Janet L. Fix
Contributor
Photograph by Valerie SchaffFour years ago, Gloria Gilbert Stoga quit her job as an aide to New York City Mayor Rudolph W. Giuliani to start Puppies Behind Bars, a nonprofit organization that trains prison inmates to raise guide dogs for the blind. Ms. Stoga became interested in the training of…
Foundation Payout Rates Surveyed
By GRANT WILLIAMSMany foundations that make a large number of grants to conservative causes and many of those that make grants to mostly liberal ones tend to give away a significantly bigger share of their assets each year than required by law, a new report says. And both types of foundations…
By GRANT WILLIAMS
Contributor
Alabama Line-Dancing Group Among Latest ‘Points of Light’
Following are the people and organizations that have most recently been named to receive President Bush’s Daily Points of Light Award. The Points of Light Foundation, a Washington charity, assists the president in making the choices and carrying out the award program. More information about the…
Auburn U., Columbia Receive Big Donations; Other Gifts
Two universities received large gifts: Auburn University’s engineering school has received a $25-million donation from Samuel L. Ginn, an alumnus and former telecommunications executive. Mr. Ginn, 63, a former chairman of Vodafone AirTouch, in Newbury, England, asked that a portion of the funds be…
Study Finds Differences in Giving Patterns Between Wealthy Men and Women
By ELIZABETH GREENEWealthy women are less motivated than wealthy men to give to charity by ALSO SEE:Philanthropy Among Men and Women: How Gender Makes a Difference tax and estate laws, and more inspired by strong feelings about a cause, according to a new study. While only 25 percent of the…
By Elizabeth Greene
Contributor