Over the past few years, philanthropic leaders have begun to successfully challenge the “overhead myth” — the belief that high administrative costs reflect a charitable organization that is poorly run and not worthy of support. The well-intentioned and generous family, corporate and foundation donors we regularly work with often recite versions of the overhead myth. […]
Universities have long turned to wealthy alumni to help finance their athletic departments. The Nike founder Phil Knight fueled Oregon’s rise to prominence, for example, and the oil tycoon T. Boone Pickens subsidized a building boom at Oklahoma State. Now universities are increasingly soliciting financial support from a previously untapped cohort of former students: athletes […]
In this week’s Client Advisory, Bentz Whaley Flessner discusses the value of having targeted, strategic information on a prospect or donor at the appropriate stage in the development cycle.
eBay founder Pierre Omidyar has given away 10 percent of his shares in the ecommerce company, part of a massive philanthropic initiative from a multi-billionaire who has indicated his desire to give away most of his fortune. In a regulatory filing this week, eBay disclosed that Omidyar, who serves on the company’s board of directors, gave […]
The New York Philharmonic opened its new season Thursday by announcing a record donation. The chairman of the orchestra’s board, Oscar Schafer, and his wife, Didi, are giving $25 million. It’s said to be the largest individual gift in the orchestra’s history. $20 million of the gift will be used to build its endowment and […]
Anthropology graduate students will have more hands-on opportunities at the UA, as two alumni have donated $3 million to support graduate research. Philip and Kathe Gust delivered a generous gift to the UA School of Anthropology at the 100th anniversary commemoration on Sept. 15. The couple donated $3 million to support graduate students during their […]
Childress Klein, the Charlotte-based commercial real estate developer, donated $2.5 million on Wednesday to UNC Charlotte’sCenter for Real Estate to endow a professorship and provide funds for faculty fellowships and master’s degree training programs. With matching state funds anticipated for the professorship, the gift’s total impact will be $3.2 million, Chancellor Phil Dubois announced at […]
He may have made his fortune in China’s property market, but Dr Chau Chak Wing is making a name for himself in higher education, with yet another multimillion dollar donation to an Australian university. A $15 million gift from the reclusive Chinese-Australian entrepreneur will help fund a new museum at the University of Sydney. The […]