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Lotus House, the innovative women and children’s shelter in Overtown founded by former real estate developer and investor Constance Collins, has received a $20 million pledge from developer Martin Z. Margulies that will ensure its survival “for generations,’’ the program’s founder said. Since its founding six years ago in a small, formerly vacant apartment house [...]
The head of a New York private-equity firm and his wife have donated $48-million to Dartmouth University’s development of a new center for the visual arts, according to Bloomberg. The new Black Family Visual Arts Center, named for donors Leon and Debra Black, will feature a gallery, screening room, auditorium, and academic facilities serving the more [...]
The University of California, Los Angeles has announced that its School of Public Health has received a gift valued at $50 million from faculty member Jonathan Fielding and his wife, Karin. The gift, a commitment of assets associated with holdings in Dimensional Fund Advisors, will provide an income stream and additional earnings upon redemption or [...]
DePaul University in Chicago has announced a $30 million gift from alumnus Richard H. Driehaus in support of its century-old College of Commerce. The gift, which advances the university’s $250 million Many Dreams, One Mission campaign, builds on a previously announced donation of $3.45 million from Driehaus and will be used to enhance academic programs [...]
The super rich grew more charitable last year, as public opinion of them became less so. The 50 donors on The Chronicle of Philanthropy’s annual list of the most generous Americans gave a median of $61-million in 2011, compared with $39.6-million the previous year. Collectively, the philanthropists in The Chronicle’s rankings lavished $10.4-billion on charitable organizations last [...]
West Virginia University has announced a $34 million gift from alumnus Ben Statler, co-founder and CEO of the private investment firm Gulf Coast Capital Partners, and his wife, Jo, to the university’s College of Engineering and Mineral Resources. The gift, which includes $11 million to be matched by the state’s Research Trust Fund, will support [...]
Indiana University business school Dean Daniel C. Smith imagines a day when students huddle in small groups to videoconference with corporate leaders halfway around the world. Or they talk real-time with executives of companies scattered across Indiana to study and help solve their business problems. A $33 million grant from Lilly Endowment to the IU [...]
An alumnus and trustee of Middlebury College has given the college 377 acres of land in Cornwall bordering the Vermont institution’s historic campus. The property is the largest and most significant that the college has received since Joseph Battell bequeathed 30,000 acres on Bread Loaf Mountain in Ripton in 1915. The gift is from trustee [...]
Few Americans are seeing relief from the nation’s economic slump, but the finances of some nonprofits are much rosier as the nation’s wealthy stepped up their multimillion dollar gifts in 2011. The biggest gifts announced by Americans totaled more than $2.6-billion, compared with $1.3-billion in 2010. (Twelve donations were included in the list because of [...]
Yale University has announced an $11 million gift from alumnus Stephen D. Susman in support of new exhibition space at the Yale University Art Gallery. Part of a ten-year renovation and expansion project, the newly created Stephen Susman Galleries will rotate special exhibitions when they reopen in December 2012. The gift from Susman — a [...]
