Bentz Whaley Flessner

Philanthropy News Blog

University Hospitals (UH) has announced a $250 million initiative that promises to dramatically change how drugs will advance from discovery in the laboratories to commercialization, resulting in greater access to advanced treatments and cures for patients. The first-of-its-kind initiative, named The Harrington Project for Discovery & Development, is powered by a $50 million gift – [...]

As the man who founded Atlantic Records, Ahmet Ertegun helped give careers to musical artists like Led Zeppelin and Crosby, Stills, Nash & Young. Now the estate of Ertegun, who died in 2006, and his widow, Mica, have given more than $41 million to Oxford University that will benefit its graduate students in the humanities, [...]

A working paper by Jonathan Meer at Texas A&M and Harvey Rosen at Princeton followed a group of about 13,000 alumni who graduated from an unnamed, selective research university between 1993 and 2005. The economists were interested to see whether students who received financial aid went on to donate more money after graduation than classmates [...]

Nonprofit Finance Fund (NFF) has been awarded a $40 million New Markets Tax Credit allocation (NMTC) to support community development projects in low-income areas throughout the U.S. NFF will use its allocation to provide financing to help small and mid-sized nonprofit organizations better serve their communities. The New Markets Tax Credit program provides significant incentives for investments [...]

A Billion + Change, a national campaign to mobilize billions of dollars of pro bono and skills-based volunteer services, announced Monday that 78 companies have pledged a total of $1.6 billion in skills-based volunteer service to nonprofit organizations across the nation. U.S. Senator Mark R. Warner, honorary chairman of A Billion + Change, announced this at [...]

Grass-roots environmental nonprofits are too often ignored by foundations, says a new report by the National Committee for Responsive Philanthropy. Foundations give half of the dollars they spend on the environment to national organizations with budgets of $5-million or more, but those charities make up only 2 percent of the environmental groups in the United States, [...]

Bill Gates, co-chair of the Bill & Melinda Gates Foundation, told the international agricultural community it had fallen short of delivering the help small farmers in developing countries need, when they need it. In a speech delivered at the International Fund for Agricultural Development (IFAD), Gates asked the UN bodies responsible for fighting hunger and [...]

The Willmar Area Community Foundation (WACF) announced today that Alice Cox, who died on December 29, 2011, designated the Willmar Area Community Foundation as recipient of her entire estate, which is valued at over $6 million.  This gift will double the assets of WACF to over $12 million. “This is truly an extraordinary gift from [...]

The economic recession has taken its toll on charitable giving in Florida, according to a new report by Florida Philanthropic Network, Florida’s statewide association of grantmakers. The report confirms that the combined charitable giving of individuals, foundations and corporations in Florida dropped 8.6 percent between 2008 and 2009, which follows a double-digit decline the previous [...]

Officials from GIANT Food Stores and MARTIN’S Food Markets today announced that charitable donations made in 2011 as part of the companies’ “Living Here, Giving Here” program totaled $20.6 million in combined cash and product contributions, the largest ever to date. This record total included a major $3 million gift to Children’s Miracle Network Hospitals. [...]