THE ROCKEFELLER FOUNDATION History: Established in 1913 by John D. Rockefeller, founder of the Standard Oil Company, “to promote the well-being of mankind throughout the world.” Grant-making areas: arts and humanities, employment and community development, food security, health, and “global…
42% of Americans Give to Charities That Help the Poor, Study Finds
A majority of Americans -- 70 per cent -- believe that society has a moral obligation to help the poor, but only 42 per cent donated money last year to organizations that serve poor people, a new survey has found. The telephone survey of 1,002 adults was commissioned by World Vision, a charity…
By DOMENICA MARCHETTI
Contributor
Rockefeller Fund: Ready to Roll Again
Under new leader, foundation opts to increase focus on world’s poor Early this century, John D. Rockefeller set up one of the nation’s first philanthropies. ALSO SEE: The Rockefeller Foundation Where Rockefeller Foundation Is Spending Its Money How Rockefeller Foundation’s Assets Have Grown He gave…
By MARINA DUNDJERSKI
Contributor
Photograph by Roger Ide This month, while much of America is shopping on line for holiday gifts and hanging Christmas-tree ornaments, one group of New Englanders will be celebrating the season Italian Renaissance-style. They are performers in a group called the Revels (above), located in the Boston…
Enemies of Prostate Cancer Among 7 ‘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…
Assets of Casey Fund Sent Soaring
The Baltimore foundation established by United Parcel Service founder Jim Casey in 1948 was one of the largest beneficiaries when the company went public last month. Thanks to the rapid rise in the value of United Parcel Service stock in the wake of the initial public offering, the Annie E. Casey…
Goldman Sachs Changes Gift Policy
The Goldman Sachs investment house has announced that it will lift restrictions on the sale and transfer of its stock to allow current and retired top executives to donate the shares to charity. The company estimated that as much as $500-million could be available to charities. People who were top…
Race Issue Snags $28-Million Trust
A Baltimore nursing home is appealing a court ruling that bars it from receiving a $28-million trust. The Keswick Multi-Care Center refused to go along with the request of the donor, Jesse C. Coggins, that it restrict care to white patients. In his 1962 will, Dr. Coggins specified that if the…
Foundation Assets Rise Sharply in Southeast, but Giving Stays Relatively Low, Report Finds
Foundations in Southeastern states issued $2-billion worth of grants in 1997, an increase of 74 per cent over 1992, according to a new report by the Foundation Center. ALSO SEE:Big Southeastern Foundations Created in the 1980s and 1990sGrowth of Southeastern Foundations’ Assets Over the same…
By Harvy Lipman
Contributor
Tulane, UCLA Receive Big Donations; Other Gifts
Five higher-education institutions have received big gifts. * Tulane University, in New Orleans, has received an unrestricted bequest of $18-million from the estate of Lallage Feazel Wall, whose father, William C. Feazel, built a fortune in the oil business. Mrs. Wall died in February. She had…
New Group Hopes to Increase Corporate Giving to $15-Billion a Year
Some of the nation’s top business leaders, along with the actor and businessman Paul Newman, are calling for companies nationwide to increase to $15-billion the total amount of their annual charitable gifts by 2004. To help spur corporate giving, the business leaders have formed a new non-profit…
By Debra E. Blum
Contributor
After-school programs win support of foundations, but challenges remain At P.S. 27, in the Red Hook neighborhood of Brooklyn, 10-year-old Antasia Johnson has finished school for the day. But instead of venturing home, she and numerous classmates are getting ready for a visit to a center for…
By DOMENICA MARCHETTI
Contributor
Photograph by Peter Hutson At Exploris, a new educational center in Raleigh, N.C., youngsters are taught that the world is in their hands. Through exhibits on the environment, global trade, and cultures around the world, people are encouraged to learn about major issues -- and to take steps to make…
How Different Payout Rates Affect a Foundation’s Assets and Spending
ALSO SEE: To Live Forever, Foundations Should Give Away the Minimum, Reports Say Copyright © 1999 The Chronicle of Philanthropy