Bentz Whaley Flessner

Philanthropy News Blog

A small but growing number of private colleges are freezing tuition and rethinking policies that have driven up prices to unsustainable levels. According to the National Association of Independent Colleges and Universities, which represents more than 950 private colleges, 15 have announced tuition freezes for the 2012-13 school year. The group includes two well-known, selective [...]

The charity sector is facing local and national government funding cuts of between £1bn and £5.5bn in the current financial year, a report suggests. The leaked report, obtained by the Labour Party and compiled by an umbrella group said the situation had worsened since last March. Gareth Thomas, the shadow civil society minister, said charities [...]

The past four years have seen an economic crisis coincide with a food-price spike. That must surely have boosted the number of the world’s poor (especially since food inflation hits the poor hardest)—right? Wrong. New estimates of the numbers of the world’s poor by the World Bank’s Development Research Group show that for the first [...]

The Rockefeller University has received a $15 million gift from the Leona M. and Harry B. Helmsley Charitable Trust to fund research into digestive disorders including metabolic diseases, cancers and infections, university officials announced today. The funds will establish a new center, to be known as the Center for Basic and Translational Research on Disorders [...]

California’s nonprofit, charitable foundations boomed both in number and assets between 1999 and 2009, according to a new study by the Center on Philanthropy and Public Policy at the University of Southern California. The study, a followup to one done in 2001, concludes that during the 10-year period, the number of foundations in California grew [...]

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 [...]