News

Marymount Manhattan College receives $25 million gift

Marymount Manhattan College receives $25 million gift

February 23, 2021

The gift from alumna Judith Mara Carson ('03) and her family — the largest in the college's eighty-five-year history — includes $15 million to establish the Judith Mara Carson Center for Visual Arts and $10 million for scholarships....

TriHealth receives $10 million gift for new heart hospital

TriHealth receives $10 million gift for new heart hospital

February 23, 2021

The gift from Harold and Eugenia Thomas will enable TriHealth Heart Hospital to add forty thousand square feet of clinical space and modernize eighty thousand square feet of existing space on its Bethesda North Campus....

Ariel Investments, JPMorgan Chase to invest in minority businesses

Ariel Investments, JPMorgan Chase to invest in minority businesses

February 22, 2021

Co-founded by Ariel Investments co-CEO Mellody Hobson and Sarr Group CEO and chair Leslie A. Brun, Ariel Alternatives will work to close the racial wealth gap by transforming middle-market companies that are not currently minority owned into certified minority business enterprises and scaling existing Black and Latinx-owned businesses....

Goldman Sachs commits $25 million to HBCUs

Goldman Sachs commits $25 million to HBCUs

February 22, 2021

The commitment is tied to a four-month course taught by Goldman Sachs professionals that includes hands-on training, extracurricular activities, and a case study competition, "Market Madness," in which students vie for cash prizes that are donated to their schools....

Report highlights impact of effective principals on student outcomes

Report highlights impact of effective principals on student outcomes

February 20, 2021

An update to a 2004 report, the research review commissioned by the Wallace Foundation draws on more than two hundred studies over twenty years and argues that school leaders are even more important to student success than previously believed and that investments in successful strategies to better prepare and support them often lead to large payoffs....

Community Foundation Update (02/20/2021)

Community Foundation Update (02/20/2021)

February 20, 2021

News and staff announcements from community foundations in Arizona, Connecticut, Iowa, Kentucky, Maine, Massachusetts, Rhode Island, and Washington, D.C....

Sloan Foundation announces 2021 Research Fellowships

Sloan Foundation announces 2021 Research Fellowships

February 19, 2021

A hundred and twenty-eight early-career scientists and scholars in eight disciplines — chemistry, computational and evolutionary molecular biology, computer science, earth systems science, economics, mathematics, neuroscience, and physics — will each receive a grant of $75,000 over two years....

Foundations back $300 million venture fund for global health

Foundations back $300 million venture fund for global health

February 19, 2021

With investments from the Doris Duke Charitable, Ford, Gates, MacArthur, Children's Investment Fund, and Sorenson Impact foundations, the fund will support promising new technologies aimed at treating or preventing conditions that for the most part have been ignored by venture capital....

Returns on educational endowments fell sharply in FY20, study finds

Returns on educational endowments fell sharply in FY20, study finds

February 19, 2021

According to the 2020 NACUBO-TIAA Study of Endowments, the endowments of more than seven hundred U.S. colleges and universities returned an average of 1.8 percent, net of fees, in the fiscal year that ended June 30, 2020, down from 5.2 percent in FY19....

UMD receives $9 million from Brin family for performing arts institute

UMD receives $9 million from Brin family for performing arts institute

February 18, 2021

The gift from Google co-founder Sergey Brin's parents and Brin's family foundation will establish the Maya Brin Institute for New Performance, support research initiatives, and fund new teaching positions, undergraduate scholarships, classroom and studio renovations, and instructional technology....

Arthur M. Blank, Bernie Marcus commit $40 million for veterans' health

Arthur M. Blank, Bernie Marcus commit $40 million for veterans' health

February 18, 2021

Commitments of $20 million each from Home Depot co-founders Arthur M. Blank and Bernie Marcus will support the launch of the Gary Sinise Foundation Avalon Network, an integrative treatment and training network focused on providing care for veterans and first-responders impacted by post-traumatic stress, traumatic brain injuries, and substance abuse....

Online giving up more than 20 percent in 2020, report finds

Online giving up more than 20 percent in 2020, report finds

February 18, 2021

According to the latest edition of Blackbaud's Charitable Giving Report, online giving grew 20.7 percent in 2020, with the share of total giving coming via online donations rising to 13 percent, the largest share as a percentage of total giving in the history of the report....