Philanthropy News Blog

A roundup of philanthropic news.

This Week in Philanthropy: February 27 – March 5

University of Houston System Exceeds $1 Billion Fundraising Goal 18 Months Ahead of Schedule

The University of Houston System’s fundraising campaign “Here, We Go” — created to enhance student and university success — has exceeded its $1 billion goal 18 months ahead of schedule and will continue to raise more under the tagline “Beyond the Billion.”

Full article text available via Houston Chronicle, 02/28/2019.

Blackstone CEO Schwarzman’s $350M MIT Gift to Power AI Computing

Stephen Schwarzman, co-founder of global asset management giant Blackstone, has committed $350 million to MIT – The Massachusetts Institute of Technology – which will help position the United States as a leader in Artificial Intelligence and computing.

Full article text available via Fox Business, 02/28/2019.

Pomona College Announces $15 Million Gift for New Art Museum

From the edge of L.A., Pomona College has helped launch some of the region’s most influential artists. The College is taking the next step forward with the announcement of a $15 million gift for a new art museum from Janet Inskeep Benton, a 1979 graduate of the College and long-time supporter of the arts.

Full article text available via Benzinga, 02/27/2019.

Jewish Youth Organization Nabs $25 Million Gift to Help Empower Young Women

A global Jewish youth organization has received one of the largest single gifts in recent Jewish organizational history — $25 million to help support women in their young adult lives.

The gift from Chicago businessman and philanthropist Theodore Perlman, and his wife, Harriette, to BBYO will allow the 95-year-old organization to start a women’s leadership initiative connecting Jewish women through their college and early professional careers with mentorship and training.

Full article text available via Religion News Service, 02/27/2019.

American Repertory Theater Will Move to Boston With Help of $100 Million Gift

The American Repertory Theater, one of the nation’s leading regional theaters, is planning to move from Cambridge, Mass., to Boston, Harvard University said.

The university, which houses the theater, said it had received $100 million from the hedge fund manager David E. Goel, who is a Harvard alumnus, and his wife, Stacey L. Goel, to begin fund-raising and planning for what it is calling a “research and performance center” in Allston, a section of Boston just across the Charles River from Harvard Square. The center will include a new home for the A.R.T.

Full article text available via The New York Times, 02/28/2019.

Philanthropist’s Addiction Fight Helped Inspire $10M Gift

Eilene Davidson Grayken said she had it all going for her on paper, but on the inside she was struggling.

At her lowest point, Davidson Grayken said she drank two liters of vodka a day and took pills. She said she couldn’t stop.

“I’m somebody who was ashamed, self-loathing, full of self-hatred and extremely unwell. I would not be standing here today without medical help,” Davidson Grayken said Thursday at South Shore Hospital. “Were it not for the people who saw me and saw past my illness, I would be dead.”

Full article text available via The Patriot Ledger, 02/28/2019.

IU’s SPEA Renamed O’Neill School After Alum’s $30M Gift

Indiana University’s highly-regarded School of Public and Environmental Affairs is now called the Paul H. O’Neill School of Public and Environmental Affairs.

The change took effect in honor of O’Neill’s recent $30 million donation.

Full article text available via WFYI Indianapolis, 03/04/2019.

Yale School of Architecture Receives $5 Million Gift for Financial Aid Scholarships in Gehry’s Honor

In celebration of Frank O. Gehry’s 90th birthday, the Yale School of Architecture has received a $5 million gift for financial aid scholarships in his honor. Made by the philanthropist and real estate baron Richard D. Cohen, it is the largest gift toward financial aid in the school’s history.

Full article text available via Archinect News, 03/04/2019.

 

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