Obituary: Leo Drey, Timber Baron Behind $180 Million Land Gift
The philanthropist, who bought up tens of thousands of acres of Ozark forest to protect it from clear-cutting then gave it all away to a conservation charity, died at age 98 Tuesday at his home in the St. Louis suburbs, reports the St. Louis Post-Dispatch.
86% of Wealthy Adults Say Giving Is Important
The U.S. Trust survey also finds that one in three adults with high net worth owns or is interested in social-impact assets.
By Maria Di Mento
Senior Editor
National U. Gets $20-Million Gift for Education Programs
The anonymous gift, buttressed by a $10-million match from the San Diego-based private university’s endowment, will boost programs to improve teaching and aid children’s emotional development, the San Diego Union-Tribune reports.
Gifts Roundup: David Koch Gives $150 Million to Memorial Sloan Kettering Cancer Center
Other gifts include $100 million to Rockefeller University, $55 million to the University of Miami, and $50 million to Inova Health System.
By Maria Di Mento
Senior Editor
Montana Regent Questions Naming Law School for Big Donor
A member of the Montana’s higher-education governing board is protesting plans to rename the University of Montana School of Law after a $10 million donor, saying the public has not been given sufficient input on the plan, the Missoulian and the Associated Press report.
Va. Groups Nix Hospital Plan Despite $150 Million Pledge
The Virginia Commonwealth University Medical Center and Bon Secours Richmond Health System unexpectedly pulled out of efforts to develop a new regional children’s hospital Thursday, leaving a prominent local businessman’s promised gift for the project on the table, reports the Richmond Times-Dispatch.
$21 Million Boosts International Program at Dartmouth
The donation by Silicon Valley investor and Dartmouth College alumnus Robert E. King and his wife, Dorothy J. King expands a scholarship program they previously endowed for students from developing countries, writes Valley News, a New Hampshire daily.
Big Gifts From Koch and Kravis Boost N.Y. Medical Projects
Billionaire philanthropists David H. Koch and Henry R. Kravis made separate donations totaling $250 million Wednesday to gird major new hubs for medical research and treatment on Manhattan’s Upper East Side, reports The Wall Street Journal.
$55 Million Gift Pushes U. of Miami Past $1.6 Billion Target
With the donation from the family of Stuart Miller, head of one of the country’s largest homebuilding and mortgage firms, the university reached its capital-campaign goal more than a year ahead of time, the Miami Herald reports.
$50 Million Gift Boosts Planned Virginia Cancer Institute
The donation from building mogul Dwight C. Schar and his wife, Martha, will help Northern Virginia’s Inova Health System develop a center for genomics research and cancer treatment as part of a planned new medical campus, The Washington Post reports.
$36 Million Gift to Launch Brain Institute at U. of Texas
A new institute for brain research at the UT Southwestern Medical Center will bear the name of longtime University of Texas patron Peter O’Donnell Jr. in honor of a $36 million donation from the O’Donnell Foundation, reports D Healthcare Daily.
Gifts Roundup: $150 Million to Yale for New Cultural Center
Other donations include $50 million for a new leadership institute at Rice University and two $10-million gifts to the Field Museum.
By Maria Di Mento
Senior Editor
Rice U. Receives $50 Million to Launch Leadership Center
The Houston university will use the gift from venture capitalist and Rice alumnus John Doerr to develop an institute aimed at equipping students with modern leadership skills, the Houston Chronicle and the Associated Press write.
U. of South Carolina Hospital Gets $25 Million Gift
The Medical University of South Carolina’s new children’s hospital will be named for tech entrepreneur Shawn Jenkins in recognition of his donation to the $350 million project, reports The Post and Courier of Charleston.
UCLA Management School Receives $100 Million Donation
The gift from Marion Anderson, widow of the Anderson School of Management’s namesake, brings the family’s total support for the graduate business school to $142 million, reports the Los Angeles Times.
$70 Million in Gifts Kick Off Field Museum Capital Campaign
Chicago’s Field Museum of natural history announced a $250 million campaign Wednesday to buttress its collections and endowment, stabilize its finances, and make improvements for visitors, the Chicago Tribune writes.