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To a greater degree than before, the Annenberg Foundation is requiring accountability from the Philadelphia Orchestra in exchange for the $50 million gift the foundation made in 2003. That grant was the largest in the orchestra’s history. But even after it was paid out, its use and destiny were never entirely left to the orchestra. [...]
Andrew Luck’s name will be a part of Stanford football long after he’s gone. The university announced Tuesday that its offensive coordinator position has been endowed by a “very generous gift” from an anonymous donor in honor of the graduating quarterback. The position will now officially be called the Andrew Luck Director of Offense. Full [...]
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 [...]
There’s a new (and quite pricey) chair at the Santa Barbara Museum of Art: It was announced this week that the Robert and Mercedes Eichholz Foundation pledged $5.5 million to endow the museum’s director position. The post, held by Larry Feinberg, will be known as the Robert and Mercedes Eichholz Director. “It not only greatly [...]
The California Endowment has announced the creation of a $200 million public-private loan fund that will support efforts to increase access to healthy and affordable food in underserved communities, spur economic development, and inspire innovation in …
The value of the Lilly Endowment’s assets held steady at $5.3 billion in 2010, while its income and grantmaking both fell.The endowment’s Eli Lilly and Company stock, which accounts for 91 percent of its assets, was worth nearly $4.8 billion at the end…
The nation’s charity and foundation endowments appear to be on the path toward a prosperous 2011, after earning strong returns in 2010, according to a new Chronicle survey.The survey of 213 organizations found that endowments of all sizes earned medi…
Two longtime University of Kansas donors who previously gave $13 million to the school over the years have added $32 million to that total after their deaths. The estate of Charles and Mary Jane Spahr contributed the additional money to benefit the uni…
The University of Pennsylvania received a record $225 million gift for its medical school, creating an endowment that officials said will enable innovative health research, increased faculty recruitment and more financial aid for students. The School o…
Successful entrepreneurs often donate generously to their favorite causes, but here’s a new twist: Amar Bose is essentially donating his company to his alma mater.The Massachusetts Institute of Technology announced Friday that Bose, the 81-year-old fou…
