Bentz Whaley Flessner

Philanthropy News Blog

A friendship forged between two boys — one who became a doctor at the Mayo Clinic, the other a patient there — has resulted in a $10 million gift for the world-renowned hospital based in Rochester, Minn.

Tarek Obaid, 35, of Riyadh, Saudi Arabia, mad…

More than $90 million in charitable assets — some donations dating back decades — will be transferred to the Children’s Hospital of Michigan Foundation after receiving the appropriate approvals, the children’s foundation said Wednesday.

The asset…

Nonprofit hospitals are under increasing financial pressure, with revenue growing at the slowest rate in at least two decades, according to a new report from Moody’s Investors Service.

The 4% median revenue growth rate, based on a review of 401 hospit…

American Friends of Rambam Medical Center has announced a $10 million gift from Joan and Sanford I. Weill and the Weill Family Foundation to support pediatric care at the Rambam Health Care Campus in Haifa, Israel.

Rambam — the largest medical cente…

Education reform advocate and philanthropist Lowell Milken has given the UCLA School of Law a $10-million gift, the largest single gift in the school’s history and capstone of the school’s five-year, $100-million fundraising initiative.

The money …

Americans spent a total of 8.1 billion hours volunteering in 2010, the same as in 2009, even as the overall number of those volunteering fell slightly from 63.4 million to 62.8 million, a new report from the Corporation for National and Community Servi…

Healthcare giant Kaiser Permanente has announced grants totaling $10 million to promote healthy living in seven underserved Northern California communities.

Three-year grants of $1 million each will establish Healthy Eating Active Living (HEAL) zones …

With the drumbeat of bad economic news in the United States and around the world threatening the nation’s fragile recovery, fund raisers are wearily bracing themselves for a possible double-dip recession and the likelihood of a slowdown in giving in …

The administration of Mayor Michael R. Bloomberg, in a blunt acknowledgment that thousands of young black and Latino men are cut off from New York’s civic, educational and economic life, plans to spend nearly $130 million on far-reaching measures to …

Rakesh Jhunjhunwala, India’s most famous investor, has pledged to give away 25% of his wealth during his lifetime. He is the fourth Indian businessperson — after Azim Premji, Shiv Nadar and GM Rao — to make a statement of intent to give away a subs…