News

Lilly Endowment Gives $26 Million to Build Research Center

Posted October 29, 2001

Purdue University has announced that it has received a gift of almost $26 million from the Lilly Endowment Inc. to build a research and education complex devoted to nanotechnology, bioscience/engineering, e-enterprise, and entrepreneurship.

2001 MacArthur Fellows Announced

Posted October 24, 2001

The Chicago-based John D. and Catherine T. MacArthur Foundation has announced the recipients of this year's MacArthur Fellowships. Each of the 23 recipients will receive a $500,000 stipend, to be paid in quarterly installments over five years.

Brookings Institution Announces $1.5 Million Endowment Gift

Posted October 23, 2001

The Brookings Institution has announced a $1.5 million gift from Arjay Miller, former president of Ford Motor Company and dean of the Graduate School of Business at Stanford University, and his wife Frances to endow a chair in economic policy.

Alcoa Foundation Extends New Philanthropic Model to Richmond Area

Posted October 23, 2001

The Alcoa Foundation, the charitable arm of the world's largest aluminum producer, is extending its new approach to corporate philanthropy to Richmond, Virginia, the former headquarters of Reynolds Metals Co., a company that Alcoa Inc. acquired last year.

Whitaker Foundation Begins Phasing Out Grant Programs

Posted October 23, 2001

Having invested more than $575 million in biomedical engineering education and research since its founding in 1975, the Whitaker Foundation has announced that it is phasing out its grant programs to coincide with its planned closing in 2006.

Community Foundations Gave and Received More in 2000

Posted October 23, 2001

According to a Columbus Foundation survey, gifts received by U.S. community foundations totaled $4.1 billion in 2000, a 13 percent increase from 1999, while the amount of grants paid out by those foundations rose 12 percent, to about $2.1 billion.