Bentz Whaley Flessner

Philanthropy News Blog

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 [...]

Paul G. Allen, the Microsoft co-founder, today announced that he plans to commit $300-million to the brain-science research center he founded in 2003 to expand its programs and staff. The multibillionaire has previously provided $200-million to the Allen Institute for Brain Science, in Seattle. Mr. Allen’s pledge, to be paid over four years, will support [...]

Felix Salmon, the finance blogger at Reuters, has some questions about how philanthropic billionaires calculate their net worth. For example, given that Bill Gates and Warren Buffett have announced huge donations to their foundations and other charities, shouldn’t that have knocked them down from second and third place in Bloomberg’s billionaires index, putting them behind [...]

The fundraiser who got the chief development job at a large charity looked good on paper. And she had a lot more than just an impressive résumé. Her poise and personality wowed executive leaders and trustees in interviews, as did her track record of landing big gifts. But less than two years after taking the [...]

Lilly Endowment Inc. has awarded $2.5 million to strengthen program development and establish an endowed chair at the Indiana University Center for Global Health for its AMPATH initiatives in Kenya. Matching funds committed through the IUPUI IMPACT fundraising campaign bolster the grant, bringing its total value to $4 million. The Indiana University Foundation will invest [...]

The University of California, Los Angeles endowment has grown the fastest among U.S. colleges since 2008 as markets recovered and gifts from philanthropists such as casino mogul Kirk Kerkorian surged. UCLA’s endowment size increased an average 12.3 percent annually to $1.49 billion in the three years through 2011, almost double the 6.5 percent growth of [...]

Until somewhat recently in the U.S., community foundations were pretty much the province of the wealthy. The same goes for the rest of institutional philanthropy—family foundations, donor-advised funds, etc. But something may be happening to community philanthropy in the U.S. and around the world that reflects the “mutuality of philanthropy,” the sense that “community philanthropy [...]

King’s College London has been given £20m for its law school, the largest donation from an individual in the university’s history. The donation from Dickson Poon, a Hong Kong-based philanthropist, is thought to be the biggest ever to a British or European law faculty. The money will form part of a £40m investment programme. The [...]