Gifts Roundup: $13.5 Million for the Segerstrom Center for the Arts in Calif.
Also included is a $10 million pledge to the University of Wisconsin at Madison for need-based scholarships and endowed professorships.
By Maria Di Mento
Senior Editor
U. of Wisconsin Raises $250 Million After Matched Gifts Exceed Expectations
After raising $125 million to match a $100-million pledge to the University of Wisconsin, alumni John and Tashia Morgridge boosted their original gift to $125 million, The Milwaukee Journal Sentinel reports.
Sale of $500-Million Taubman Art Trove to Boost Foundation
The A. Alfred Taubman Foundation will reap some of the proceeds from a Sotheby’s sale of the collection owned by the late shopping-mall magnate and philanthropist. The art collection could be among the most valuable ever brought to private auction, The New York Times and the Detroit Free Press report.
Tyson Foods Pledges $50 Million to Anti-Hunger Work
The five-year commitment announced Wednesday by the Arkansas-based food conglomerate will include both cash and in-kind donations, Arkansas News reports.
Gifts Roundup: A $26-Million Bequest to Hendrix College
Also included is a $17.1-million gift to the Agnon School in Beachwood, Ohio, for faculty positions and support for programs including Hebrew immersion.
By Maria Di Mento
Senior Editor
Portland State Fundraisers Quit After Dubious $100-Million Pledge Falls Through
The head of the university’s foundation and its chief development officer are resigning after the unraveling of a promised gift from a supposed billionaire with a history of making grandiose promises, The Oregonian reports.
Charities Vie for Boomers’ Planned Gifts
The graying of America spurs nonprofits to hire, hustle, and wield humor to help woo donors.
By NICOLE WALLACE
Features Editor
Donors Likely to Give Less if They Stand to Benefit
A university study found that millionaires tend to be more generous when a gift is an act of pure charity.
By Alex Daniels
Senior Editor, Foundations
‘We Didn’t Come Over on the Mayflower’: Uniting 2 Worlds
The New York financier Oscar Tang and his wife, Agnes Hsu-Tang, are motivated by their identity as Chinese-Americans.
By Maria Di Mento
Senior Editor
Donor-Advised Fund Holders Favor Short-Term Charity Needs, Study Says
Women were significantly more likely than men to have established bequests and to have a formal plan for their philanthropy, according to Fidelity Charitable.
By Eden Stiffman
Senior Editor
Would-Be Portland State Donor Had Checkered Business History
A self-styled tech entrepreneur whose $100-million pledge to Portland State University earlier this month did not materialize — leading to the abrupt cancellation of a planned gala announcement — reported no assets in filing for bankruptcy four years ago, according to The Oregonian.
Hendrix College in Ark. Receives $26-Million Bequest
A gift from Mary Ann Dawkins, the late Little Rock oil executive, will boost scholarship programs and help fund a new welcome center at the 125-year-old liberal-arts institution in Conway, Ark., reports Arkansas Business.
Salesforce Charts Its Own Course in Tech Giving for Schools
CEO Marc Benioff is taking a different philanthropic tack than other tech moguls in backing public education, TechCrunch and Business Insider write in reporting on the company’s latest, $6-million donation to the San Francisco school district.
Carnegie Mellon U. Gets $35-Million Gift From Indian Company
The donation from information-technology firm Tata Consultancy Services will fund a research and education building on the Pittsburgh campus, the Pittsburgh Tribune-Review and The Times of India report.
$17-Million Donation Changes Name of Ohio Jewish School
The former Agnon School has been renamed for Cleveland philanthropists Joseph and Florence Mandel in honor of a $17 million gift from their family foundation, The Plain Dealer writes
No Gift Should Be a Suicide Pact — So Drop the Perpetuity Idea
Joan Weill’s insistence that her $20-million gift allow her to rename Paul Smith’s College is a reminder of the limits of naming restrictions.
By DOUG WHITE
Contributor