UPS: $6-Million for Volunteerism
The UPS Foundation, the grant-making arm of the United Parcel Service of America, has announced plans to spend nearly $6-million over the next four years to help five national charities beef up their volunteer programs. The money will be divided among the National Park Foundation, City Cares of…
USA Group Fund to Get $770-Million
The small grant-making arm of USA Group, a non-profit provider of student loans based in Indianapolis, is set to receive $770-million in cash and stock from Sallie Mae, the country’s largest student-loan financer. The transaction results from Sallie Mae’s purchase of USA Group. The cash infusion to…
A $150-Million Lift for Public Schools
The Wallace–Reader’s Digest Funds have pledged $150-million over five years to a new grants program to improve the leadership of public schools and school districts over the next five years. The money will be focused on efforts to recruit, train, and retain high-quality principals and…
Creators of Heart Program and Cop Trading Cards Among ‘Points of Light’
Following are the people and organizations that have most recently been named to receive President Clinton’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…
3 N.Y. Charities to Share $80-Million Pledge for Biology Research; Other Gifts
Several organizations have received big gifts. An anonymous donor has pledged $80-million to three New York institutions for a collaborative program in basic biological research. Cornell University and its Weill Medical College, Memorial Sloan-Kettering Cancer Center, and the Rockefeller University…
25 New MacArthur Fellows Named
By C. QUINN HANCHETTEThe John D. and Catherine T. MacArthur Foundation, in Chicago, has announced 25 new MacArthur Fellows. Recipients of the fellowships, often called “genius awards,” are free to use the money as they wish. The foundation does not require them to produce any products or reports.…
How The Chronicle’s Survey on Corporate Giving Was Conducted
The Chronicle’s survey of corporate giving offers a glimpse of the state of philanthropy at many of the nation´s largest businesses. It is based on information provided by some of America´s biggest companies, as ranked according to their annual revenue by Fortune magazine. The 150 largest of the…
Company Giving Feels Effects of Mergers
By DEBRA E. BLUMMergers and acquisitions among large companies can have a profound impact on the companies’ philanthropy, according to a new report. Published by the Conference Board, a New York research group financed by 3,000 ALSO SEE:Charitable Giving at 97 Major CorporationsCorporate Giving…
By Debra E. Blum
Contributor
Photograph by Stan Grossfeld Many police departments and social-service agencies continue to view domestic violence as primarily a family matter, intervening only when the abuse has become too frequent or severe to ignore. But Stacey Kabat, who herself grew up in a violent home, sees physical abuse…
But double-digit growth barely keeps pace with pre-tax profitsCorporate contributions jumped by 12 percent last year and are expected to continue growing apace this year, a new Chronicle survey of the nation’s top businesses has found. Company giving budgets, which began to grow again in the…
By Debra E. Blum
Contributor
USA Group Foundation to Get $770-Million
By JENNIFER MOORE The small grant-making arm of USA Group, a non-profit provider of student loans based in Indianapolis, is set to receive $770-million in cash and stock from Sallie Mae, the country’s largest student-loan lender. FROM THE ARCHIVES:6/17/99: Another Conversion Bonanza? As…
By Jennifer Moore
Contributor
Translator for Chinese-Speaking Patients Is Among New ‘Points of Light’ Award Winners
Following are the people and organizations that have most recently been named to receive President Clinton’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…
Briefly Noted: Reagan Friends Raising Money and $70-Million Donated to Birthright Israel
A group of Southern California philanthropists who are friends of Ronald Reagan is raising $180-million in his honor for two institutions. The Ronald Reagan Presidential Library Foundation, in Simi Valley, Calif., is to receive $30-million for endowment, and the new Medical Center at the University…
McGill U. Receives $43-Million
McGill University, in Montreal, has received its largest-ever donation from a single individual, $43-million from alumnus Richard H. Tomlinson. The donation was $64-million in Canadian dollars. Mr. Tomlinson, 76, an emeritus chemistry professor at McMaster University in Hamilton, Ontario, earned…