Foundation Group Announces Awards
The Council on Foundations, which represents more than 1,700 grant makers, has announced the recipients of two of its most prestigious awards: * The Robert W. Scrivner Award for Creative Grantmaking has been given to Ethel Rios de Betancourt, president of the Puerto Rico Community Foundation, in…
A Call for Aid to Global Education
Foundations should rethink the type and level of their support for student exchanges and other forms of international education, a new report suggests. In the wake of cutbacks in such programs by federal and state governments, the report says, private grant makers should convene a conference to…
U. of Cincinnati to Get $70-Million; Other Gifts
Three universities have received big gifts. * The University of Cincinnati College of Medicine will receive a local family’s trust -- currently valued at $70-million -- for cancer research. Adrian French, the 93-year-old son of the Cincinnati musician William H. French, announced his intent last…
New Chiefs To Take Control at Packard, Howard Hughes
Two of the nation’s wealthiest grant makers appointed new presidents last month: * The David and Lucile Packard Foundation, in Los Altos, Cal., announced that Richard T. Schlosberg III, former publisher of the Los Angeles Times, has been appointed its new president. The Packard Foundation, which…
By MARINA DUNDJERSKI
Contributor
With $13-Billion in Assets, ‘Conversion’ Health Foundations Gain Influence
More than 100 foundations, with assets totaling about $13-billion, have been created by the shifting ownership ALSO SEE:Growth of Health Foundations of hospitals, health-care systems, and health-insurance plans, a new report says. The new foundations, which overwhelmingly focus their grant making…
By DOMENICA MARCHETTI
Contributor
Investing in a Cure for Cancer
James Stowers, Jr., and his wife, Virginia, have in the past five years put $340-million into an endowment to support the Stowers Institute for Medical Research.
By Susan Gray
Contributor
Connecting With Handicapped Kids
Photograph by Richard Howard The Massachusetts Foundation for Children has raised more than $600,000 for children with physical, mental, and emotional handicaps since its founding in 1984. But the organization -- which represents 23 private schools and other charities that serve disabled children…
Penney Fund Creates Two New Entities
After nearly a half-century of grant making, the James C. Penney Foundation, in New York, is closing its doors and transferring its $26-million in assets equally to two new grant-making foundations: the Partnership Foundation, in Dallas, and the Penney Family Fund, in San Francisco. The…
Physicist to Donate $1-Million of Award
Ian G. Barbour, an acclaimed physicist and theologian who is this year’s recipient of the $1.24-million Templeton Prize for Progress in Religion, said he will donate $1-million of his award to the Center for Theology and the Natural Sciences, in Berkeley, Cal. Mr. Barbour, a professor emeritus at…
New Awards to Spur Corporate Giving
The Dayton Hudson Foundation, in Minneapolis, has created a new awards program designed to encourage corporations to step up their philanthropy. Each year, the foundation will make awards to: * A corporation “that has demonstrated community involvement of outstanding effectiveness, creativity,…
A new, $100-million charitable foundation is expected to be created through the proposed merger of Fleet Financial Group and BankBoston. The merger, which would create the nation’s eighth-largest bank, with assets of nearly $180-billion, is pending approval from financial regulators and the U.S.…
Philip Morris Pledges Millions to Fight Hunger
Philip Morris Companies, the food and tobacco giant, has pledged to provide $50-million in cash and $50-million worth of food over the next four years to help feed the hungry. The Philip Morris Fight Against Hunger project is believed to be the largest-ever corporate donation to fight hunger. In…
By MARINA DUNDJERSKI
Contributor
Several Tutors Are Winners of Recent Volunteer Awards
Following are the people and organizations that have most recently been named to receive President Clinton’s Daily Points of Light Award. The awards, which are given to those who have done exemplary volunteer work, take their name from President Bush’s description of people who do community service…
Conservative Think Tanks Gain Influence and Reshape Social-Issues Debate, Report Says
Conservative think tanks have grown dramatically in size and influence in the past decade, says a new report. They have succeeded not only in helping to win major political battles on social issues but in framing the very dimensions of the national debate. ALSO SEE:America’s Largest Conservative…
By Stephen G. Greene
Contributor
Reed College, Napa Valley Center Get Big Gifts; Other Donations
A college and a future culinary and cultural center have received big gifts. * Reed College, in Portland, Ore., has received $21.1-million from a former student’s trust to endow financial-need scholarships. Phillip Wertheimer attended Reed in the 1940s and worked as a mechanical engineer and…