Georgia Charities to Benefit From $192-Million Bequest
Four non-profit institutions in Georgia, all affiliated with the United Methodist Church, will receive income from two trusts that hold approximately $192-million worth of stock in the Coca-Cola Company. The death last year of Margaret Adger Pitts, of Waverly Hall, Ga., daughter of William I. H.…
By C. Quinn Hanchette
Contributor
Federal Rules Discourage Many Foundations From Making Direct Grants to Labor Unions
Foundations have made few grants to labor unions over the years, partly because giving money to a labor organization involves jumping over a pair of imposing regulatory hurdles. ALSO SEE:Organizing Better Links to Labor‘Unlikely Partners': the Long History of Ties Between Foundations and Unions One…
By Thomas J. Billitteri
Contributor
‘Unlikely Partners’: the Long History of Ties Between Foundations and Unions
Soon after Richard Magat began work on a history of relations between organized labor and philanthropy, he told a colleague that he hadn’t been able to turn up any research on the subject. ALSO SEE:Organizing Better Links to LaborFederal Rules Discourage Many Foundations From Making Direct Grants…
By Thomas J. Billitteri
Contributor
Photograph by John A. Lacko There are no barnyard animals in the Kalamazoo Symphony Orchestra’s Instrument Petting Zoo. But there are plenty of things that make lively noises -- violins, cellos, flutes, trombones, and snare drums, to name a few. The traveling zoo, a collection of about 30 musical…
Organizing Better Links to Labor
Foundations begin to see unions as allies on social-policy fronts After eight years as executive director of the Arca Foundation, a small grant maker in the District of Columbia, Janet Shenk switched hats last summer and went to work for the A.F.L.-C.I.O. as its first-ever liaison to the foundation…
By Thomas J. Billitteri
Contributor
STORY Foundation Investment and Governance Policies Detailed in New Report FACTS Foundation Finances and Management Foundations’ Board Composition and Compensation Policies
Youth Organizations Join Forces
Big Brothers Big Sisters of America and Boys & Girls Clubs of America will work together to match 300 children with adult mentors in five cities across the country over the next two years. The pilot program, called “Up 2 Us,” is being financed with $1-million from the Pillsbury Company. Local Big…
The SLM Holding Corporation, a private company that in 1997 took over the government-sponsored, for-profit, student-loan organization known as Sallie Mae, has formed a new grant-making foundation. The Sallie Mae Trust for Education, in Reston, Va., will manage the company’s grant-making and…
The Lila Wallace–Reader’s Digest Fund, in New York, has awarded a total of $8.2-million to 11 theaters, dance companies, and museums in the first round of a new grant-making program intended to help arts groups attract more people to performances and exhibits. The grants program also aims to help…
Luce Fund Seeks to Aid Asian Studies
The Henry Luce Foundation has started a four-year, $12-million effort to strengthen Asian studies at leading U.S. liberal-arts colleges. The new Luce Fund for Asian Studies will underwrite 35 or more new full-time junior faculty positions to teach about east and southeast Asia. The fund will…
Congressman Revives Effort to Monitor Corporate Donors
Rep. Paul E. Gillmor, an Ohio Republican, introduced a bill this month that would require corporations to tell their shareholders how much money they give to charities each year -- and to name the largest recipients. The bill, H.R. 887, is designed to give shareholders more information about the…
By Jennifer Moore
Contributor
White House Picks 14 More ‘Points of Light’ Honorees
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…
At a Glance: The Carnegie Corporation of New York
History: Established in 1911 by the steel baron Andrew Carnegie “to promote the advancement and diffusion of knowledge and understanding.” ALSO SEE:New Chapter at a Storied FoundationCarnegie Foundation Announces New Grant-Making Priorities‘What Are We Doing?': Questions Posed by Carnegie’s…
‘What Are We Doing?’: Questions Posed by Carnegie’s President
In the Carnegie Corporation of New York’s 1997 annual report, Vartan Gregorian, the foundation’s president, outlined some of his thoughts as he undertook an intensive review of the organization’s grant-making priorities. Following are excerpts: ALSO SEE:New Chapter at a Storied FoundationCarnegie…
Carnegie Foundation Announces New Grant-Making Priorities
After a 15-month review undertaken by its president, Vartan Gregorian, the $1.5-billion Carnegie Corporation of New York last week announced new grant-making priorities. ALSO SEE:New Chapter at a Storied Foundation‘What Are We Doing?': Questions Posed by Carnegie’s PresidentHow Carnegie Is Changing…
By MARINA DUNDJERSKI
Contributor