College Endowments Are Flourishing Again — and Critics Are Taking Note
Some in Congress want more money to go to scholarships and less to private-equity managers. But nonprofits worry that restrictions could have a spillover effect on other groups.
By Ben Gose
Senior Editor
Capital Campaigns Show No Fear of Competing With Year-End Giving
Three examples show how nonprofits drive toward ambitious goals amid the crowd of appeals for Giving Tuesday and other big events in the final months of the year.
By HEATHER JOSLYN
Contributor
$75 Million Gift Builds Endowment for U. of Texas Hospital
The University of Texas Health Center in Houston will rename its medical school in recognition of the donation from the John P. McGovern Foundation to endow scholarships, faculty chairs, and research, the Houston Chronicle reports.
Gifts Roundup: New England Patriots Owner Gives Harvard $20 Million
Other gifts include $25 million for athletics at the University of Mississippi from Florida surgeon Gerald Hollingsworth, and $20 million for education from Facebook’s Mark Zuckerberg and his wife, Priscilla Chan.
By Maria Di Mento
Senior Editor
Zuckerberg Donates $20 Million to Help Schools Get Connected
The gift from Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan, will support EducationSuperHighway, a nonprofit working to equip schools with high-speed Internet connections, The New York Times writes.
Harvard Gets $20 Million to Advance Personalized Medicine
The gift from New England Patriots owner Robert Kraft’s family foundation to Harvard Business School will support research into personalized treatments that tailor care based on a patient’s lifestyle, genes, and other factors, The Boston Globe reports.
Inside 3 ‘Big Bets’ for Social Change
New reports suggests philanthropists are eager to spend millions on social change — if they can find the right charity.
By Drew Lindsay
Senior Editor, Special Projects
Charities That Have Scored Multiple Multimillion-Dollar ‘Big Bets’
The United Way, Stanford University, Teach for America, United Jewish Appeal, and Harlem Children’s Zone are among the top recipients.
By Drew Lindsay
Senior Editor, Special Projects
Groups Commit $100 Million to Program for Minority Women
A group of foundations focused on gender equity pledged the money to a five-year White House effort aimed at improving economic opportunities for women and girls of color, the Christian Science Monitor writes.
Ole Miss Alumnus Gives $25 Million for Sports and Scholarships
The gift from surgeon and entrepreneur Gerald “Doc” Hollingsworth includes a $15 million charitable remainder trust to establish an endowment to support athletic scholarships, the Sun Herald of Biloxi writes.
Survey Finds Seven-Figure Donations on Upswing in Britain
Donors made a record number of gifts in excess of £1 million ($1.52 million) to British charities last year, and contribution amounts rose significantly, Forbes writes, citing the latest edition of the annual Coutts Million Pound Donor report.
Atlantic Philanthropies Gives $177 Million to Study Dementia
The grant maker is spending down the fortune of its founder. Monday’s gift will go to the University of California at San Francisco and Trinity College in Dublin, Ireland.
By Alex Daniels
Contributor
Gifts Roundup: Movie Mogul Gives $100 Million to UCLA
Other notable donations include $20 million from financier David Rubenstein to the Institute for Advanced Studies and $20 million for Ochsner Health System from the owners of the New Orleans Saints.
By Maria Di Mento
Senior Editor
U. of Texas Cancer Center Gets $30-Million Research Gift
The pledge from metals magnate Andy Sabin, announced Monday by the University of Texas M.D. Anderson Cancer Center, will finance research fellowships at the Houston institution.
$40 Million Gift to Boost Memphis Hospital’s Transplant Work
The anonymous donation to Methodist University Hospital is aimed in part at expanding the Memphis facility’s organ-transplant center, which gained national prominence for treating Steve Jobs in 2009, reports The Commercial Appeal.
David Geffen Gives $100 Million for Private School at UCLA
The billionaire entertainment mogul’s donation aims to help the university recruit and retain faculty by establishing an on-campus middle and high school to provide an education option for employees’ families, reports the Los Angeles Times.