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Brooke Astor’s only son saw his inheritance slashed in half and had his control of the estate’s powerful charitable contributions stripped away as part of a settlement that ended a bitter, five-year dispute over the family’s millions. The settlement, ratified on Wednesday in Westchester County Surrogate’s Court, also lays out how Mrs. Astor’s roughly $100 [...]
In an effort to address the state’s most pressing needs, including health care and K-12 education, Phil and Jennifer Satre have announced a $5 million gift to the University of Nevada, Reno Foundation from the Satre Family Fund at the Community Foundation of Western Nevada. The gift will benefit the University of Nevada School of [...]
Churches suffered from plummeting donations after the recession began in 2008. But in the past year, a majority of congregations experienced giving increases because of a better economy, higher attendance and more church teaching on giving. Trends in 2011 included higher budgets, which brought more church spending on staff salaries, missions, facilities and benevolence. Trends [...]
Fallout from the Planned Parenthood controversy continues at the Susan G. Komen for the Cure foundation, with several executives at headquarters and affiliates departing, questions arising about fundraising ability, and structural changes underway to give affiliates more influence, officials said Wednesday. The chief executives of the Greater New York and Oregon affiliates, among the most [...]
The Ostrow School of Dentistry of USC announced its $115 million fundraising initiative as part of the $6 billion Campaign for the University of Southern California. The announcement was made at a celebratory event and picnic attended by faculty, students and alumni, and comes as the school celebrates its 115th anniversary. The fundraising goal is [...]
A private art collection amassed over more than 30 years is returning home to San Diego, bringing to the city masterpieces of minimalism and of German Expressionism. The Museum of Contemporary Art San Diego (MCASD) and The San Diego Museum of Art are both the recipients of a major bequest valued at more than $40 [...]
New statistics show an ever-more-startling divergence between the fortunes of the wealthy and everybody else — and the desperate need to address this wrenching problem. Even in a country that sometimes seems inured to income inequality, these takeaways are truly stunning. In 2010, as the nation continued to recover from the recession, a dizzying 93 percent [...]
Entrepreneurship is alive and well in the wake of the Great Recession, although the rate of new business creation dipped during 2011 and startup founders remained more likely to fly solo than employ others. That’s the big take away from the “Kauffman Index of Entrepreneurial Activity,” a leading indicator of new business creation in the [...]
Findings from the 2012 national Nonprofit Employment Trends Survey conducted by Nonprofit HR Solutions indicate that more nonprofit organizations are adding staff and expect to see changes in the voluntary turnover rates of their employees. These findings suggest that the nonprofit sector should to be more focused on retention practices than it is currently. The [...]
PPD founder Fred Eshelman has made a $2.5 million gift to the University of North Carolina pharmacy school that bears his name. The gift to the Eshelman School of Pharmacy is to expand the school’s research programs and help transform the classroom experience for pharmacy students. The gift brings Eshelman’s total support for the school [...]
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