Art Collection Valued at $20-Million Is Donated to Israel Museum; Other Gifts
Several non-profit institutions have received big gifts. * The Israel Museum in Jerusalem has received a collection of more than 700 Dada and Surrealist art works from Arturo Schwarz, a collector, scholar, and poet in Milan, Italy. Experts have estimated the worth of the collection to be more than…
2 California Universities Divide Entrepreneur’s $200-Million Gift
Most fund raisers know it pays to be aggressive. But rarely is the payoff as big as the $100-million the University of Southern California has been promised by Alfred E. Mann, a biomedical entrepreneur. A graduate of the University of California at Los Angeles, Mr. Mann said he originally planned…
By Jennifer Moore
Contributor
How the Foundation Survey Was Conducted
The Chronicle’s annual survey of foundation giving is based on financial information provided by 126 of the largest private foundations in the country. A total of 162 foundations were asked to participate. Most of the foundations were selected based on lists of the largest grant makers compiled by…
Foundations’ Asset Growth Brings Staff Expansion
The rapid growth of the nation’s wealthiest philanthropies has sent many institutions scurrying to find new staff members to help deal with an increase in grant-making activities, including the handling of a larger volume of grants and proposals. Nearly one in four of the 126 big foundations…
Despite Gains in Assets, Many Funds Stick to the Legal Minimum for Giving
The value of foundation endowments has soared in recent years, but that has prompted few grant makers to increase the share of their assets that go to charity. In a Chronicle survey of the nation’s wealthiest funds, 57 out of 88 foundations said that they aimed to spend no more than the amount…
By Debra E. Blum
Contributor
Birthday parties are probably the last thing on parents’ minds when they can’t afford to feed their children or keep a roof over their heads. But Dan McGinn, president of the Arlington, Va., public-relations firm Ryan-McGinn, thinks birthday celebrations should be a part of everyone’s childhood, no…
Foundations’ Endowment Explosion
Assets of large funds rise 22%, which means more for grants The endowments of America’s wealthiest private foundations grew by a total of more than 22 per cent last year, thanks to a record-breaking stock market. A new Chronicle survey has found that the endowments of 121 big private foundations…
By Debra E. Blum and MARINA DUNDJERSKI
CALIFORNIA WELLNESS FOUNDATION 6320 Canoga Avenue, Suite 1700 Woodland Hills, Cal. 91367 (818) 593-6600 World-Wide Web: http://www.tcwf.org Period covered: Year ending June 30, 1997. Finances (in millions) 1996 1997 Assets $880.3 $1,022.4 Interest & dividends 16.8 23.5 Net realized gain on sale of…
‘Points of Light’ Awards Honor Outstanding Volunteers
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…
Donors to Liberty U. Reveal Identity
The donors of $70-million in anonymous gifts to Liberty University over the past 12 years have stepped forward. Beginning in 1986, Arthur Williams of Palm Beach, Fla., a retired life-insurance executive, and his wife, Angela, made several donations to support capital projects at the private…
Academic Programs Receive $12.5-Million
Eighteen educational institutions will receive a total of $12.5-million from the W. K. Kellogg Foundation to expand the study of non-profit groups and improve the training of non-profit professionals. The 18 grants, which will be distributed over five years, went mostly to universities that already…
Health Efforts Garner $24-Million Pledge
The Robert Wood Johnson Foundation and the W. K. Kellogg Foundation have joined forces in a new $24-million grant program designed to transform state and local public-health systems. The Robert Wood Johnson Foundation is focusing on the state public-health agencies, said Nancy Kaufman, a…
Mott Fund Pledges Money for Child Care
The Charles Stewart Mott Foundation has pledged to donate up to $55-million over the next five years to support the proposed expansion of a federal program to provide before- and after-school care for children. The funds will be used to enhance the President’s 21st Century Community Learning…
By DOMENICA MARCHETTI
Contributor
Health Care and Medical Research Top Issues for European Foundations
Europe’s leading grant makers provide more support for health care and medical research than for any other field, according to a new report. The European Grants Index, based on a broadly representative sample of grants awarded primarily in 1996 by members of the European Foundation Centre, shows…
By Stephen G. Greene
Contributor
Rob Reiner Is Giving His All for the Youngest Members in Every Family
From his portrayal of the sensitive and liberal-minded son-in-law known as ''Meathead’’ on the 1970s television series “All in the Family” to his more recent direction of such films as “This Is Spinal Tap” and “When Harry Met Sally,” Rob Reiner has long had a flair for comedy. But Mr. Reiner is…
By DOMENICA MARCHETTI
Contributor