Big Charities Keep Raising More as the Donor-Advised Fund Boom Continues
The United Way remains No. 1 among U.S. nonprofits that raise the most in private support, but Fidelity Charitable is just a sliver behind.
By Heather Joslyn
Contributor
Other awards include $7 million from the IKEA Foundation to A Glimmer of Hope, which supports rural Ethiopian communities.
By Eden Stiffman
Senior Editor
Detroit’s Ilitch Family to Give $40 Million to Wayne State
The clan behind the Little Caesars pizzeria chain will donate $40 million to build a new downtown Detroit home for Wayne State University’s business school, the Detroit Free Press reports.
Atlantic Philanthropies Will Donate Archives and $4 Million to Cornell University
The records document the philanthropy’s roughly $8 billion in grants distributed over three decades, The Cornell Daily Sun reports.
Opinion: Naming Rights Come With ‘a Heaping Side Order of Vanity’
Chicago Tribune columnist Bob Secter suggests that the nobility of making large donations is diminished when they’re given in exchange for a naming opportunity.
Gifts Roundup: Northwestern Gets $100 Million; Wellesley Lands 2 Gifts Totaling $50 Million
Among other notable donations are $50 million to William and Mary, $23 million for the University of Kentucky, and $16.5 million for Duke University.
By Maria Di Mento
Senior Editor
Role of Donor-Advised Funds Prompts Heated Debate
Scholars, lawyers, and nonprofit leaders are divided on whether the federal government should do more to regulate how the fast-growing funds operate.
By Alex Daniels
Contributor
Weills Pull $20-Million Gift After Court Denies College Renaming
Paul Smith’s College officials said billionaire philanthropists Joan and Sanford Weill withdrew their donation after a judge rejected their condition that Ms. Weill be added to the institution’s name, reports The New York Times.
$50-Million Gift for William and Mary, U. of Kentucky Gets $23 Million
The College of William & Mary announced an anonymous $50-million donation Thursday as the Virginia university launched a $1-billion fundraising campaign, writes The Washington Post, and the University of Kentucky received $23 million to establish an honors college, the Lexington Herald-Leader reports.
Pritzker Family Gives $100 Million to Northwestern Law School
The donation, from venture capitalist J.B. Pritzker and his wife, M.K. Pritzker, will go toward scholarships and grants as well as the college’s social-justice, entrepreneurship, and civil- and human-rights efforts, the Chicago Tribune reports.
U. of Miami Sues Estate Over Unpaid $3-Million Bequest
The university claims it is owed millions in promised gifts by the estate of Marian Dunlap, a key donor to its marine-research work who died earlier this year, writes Miami New Times.
Boise State U. Gets $25-Million Gift for Science Program
The donation from Micron Foundation will cover nearly half the cost of a new building for the university’s materials science program, reports the Idaho Statesman.
Obituary: Margot Winspear, Dallas Opera Benefactor
Ms. Winspear, who with her late husband gave $42 million in 2002 to build a downtown home for the Dallas Opera, died Wednesday at age 83 after a long battle with Alzheimer’s, The Dallas Morning News and WFAA television report.
$16.5-Million Gift Backs New Health-Policy Center at Duke
Duke University will establish an institute to explore and implement health-care reform ideas with a $16.5-million donation from alumnus and retired medical executive Robert J. Margolis and his wife, Lisa, The News & Observer in Raleigh, N.C., reports.
Va. Museum Receives $200-Million Art Gift
The collection of 73 works donated by industrialist James W. McGlothlin and his wife, Frances G. McGlothlin, to the Virginia Museum of Fine Arts includes paintings by landmark American artists such as John Singer Sargent, Mary Cassatt, and James Abbott McNeill Whistler, the Richmond Times-Dispatch and The Washington Post report.
Jack Dorsey Pledges Fifth of Tech Firm Square to Charity
The tech mogul has launched a foundation to aid needy communities around the world and will give it a nearly one-fifth stake in his mobile-payments company Square, which filed for an initial public offering this week, Quartz and the St. Louis Post-Dispatch report.