Philanthropy News Blog

A roundup of philanthropic news.

This Week in Philanthropy: February 6 – February 12

University of Central Arkansas Receives $20 Million Gift for New Fine Arts Center

The University of Central Arkansas (UCA) recently announced that it has received $20 million, the largest gift in its 111-year history, from Windgate Foundation. The matching gift will support the new, state-of-the-art Windgate Center for Fine and Performing Arts and make UCA a regional leader of the arts.

Full article text available via School Construction News, 02/06/2019.

Massachusetts General Hospital Receives Record $50 Million Gift to Fund Capital Projects

Massachusetts General Hospital has just secured one of the largest donations in its 200-year-plus history, as philanthropists James S. and Carol J. Herscot have committed $50 million to the institution to support various projects as well as the Center for Children and Adults with Tuberous Sclerosis Complex, which is named after them.

The center’s mission is personal for the couple, whose son Brad was diagnosed with TSC nearly 50 years ago.

Full article text available via Healthcare Finance News, 02/06/2019.

UF Law School Receives Record $20 Million Gift

The University of Florida Levin College of Law received a $20 million gift from an alumnus, an endowment that will help strengthen its Health Law program.

Richard Cole, the managing partner of Cole, Scott and Kissane in Miami, bequeathed the gift. Cole earned his bachelor’s degree in business administration and a law degree from UF, ranking sixth in his class in 1974.

Full article text available via The Gainesville Sun, 02/07/2019.

A $25 Million Grant Will Help Stanford Libraries Preserve Silicon Valley Archives

The famous tech figures of Silicon Valley should meet Henry Lowood, because he can help them clean out their garages. As curator of the Silicon Valley Archives at Stanford University, Lowood is collecting all of the papers that chronicle what makes the region unique when it comes to the history of technology.

He will be doing a lot more of this now that Stanford Libraries has received a $25 million gift from the Harold C. and Marilyn A. Hohbach Foundation to create a vibrant collections-centered research hub and endow the Silicon Valley Archives program.

Full article text available via Venture Beat, 02/07/2019.

Craiglist’s Craig Newmark Gives Poynter $5 Million for Ethics Center

The Poynter Institute for Media Studies has been awarded a $5 million grant — the largest gift in its history — from Craig Newmark Philanthropies to establish the Craig Newmark Center for Ethics and Leadership.

Newmark, who founded craigslist, said in an emailed statement that “the Poynter Institute has been a leader in journalism ethics for decades now, so they’re well-poised to become one of the go-to resources for solutions to the challenges journalists face in this digital age.”

Full article text available via Tampa Bay Times, 02/06/2019.

Skalicky Foundation Gives $5 Million to Boys & Girls Club of Central Minnesota

The Norman C. Skalicky Foundation gave a $5 million gift to launch the Boys & Girls Clubs of Central Minnesota’s Great Futures Endowment Campaign, according to a press release from the club.

The gift comes with a two-to-one matching challenge to the community, meaning the club must raise $2.5 million in planned gifts or cash gifts to receive the foundation’s full $5 million. To date, the Boys & Girls Club has raised $1.3 million to support the challenge.

Full article text available via SC Times, 02/06/2019.

Billionaire David Harding Donates $130 Million to Cambridge University, to Support Student Development

One of the world’s leading educational institutes, Cambridge University, has just become the recipient of the largest single gift to a U.K.-based university by a British philanthropist — and it came from one of its former students.

Founder of investment management firm Winton Group, David Harding and his wife, Claudia Harding, have donated £100 million ($130 million) from their eponymous foundation to Cambridge University, in the hope of supporting student development and encouraging future generations to conduct research at the British institution.

Full article text available via CNBC, 02/06/2019.

Southern California Philanthropists Richard and Melanie Lundquist Make $70 Million Unrestricted Gift to LA BioMed, Will Be Renamed Lundquist Institute

Southern California philanthropists Melanie and Richard Lundquist have donated $70 million to the Los Angeles Biomedical Research Institute (LA BioMed), a gift that will transform the institution by giving it a sustainable source of unrestricted funding to recruit and retain top researchers and provide the needed support and infrastructure. In conjunction with the gift, LA BioMed will be renamed the Lundquist Institute in the near future.

Full article text available via PR Newswire, 02/11/2019.

Moody Foundation Gift of $20 Million to Blanton Will Transform Museum Grounds

The Blanton Museum of Art at The University of Texas at Austin has received a $20 million gift from The Moody Foundation of Galveston, Texas, to reimagine and transform the museum’s exterior spaces. The new Blanton master plan is in development by renowned architecture firm Snøhetta. The plan will create an iconic destination, facilitate the museum’s vision for innovative outdoor programming, and form a dynamic connection between the university, the city of Austin, and the Texas State Capitol Complex.

Full article text available via UT News, 02/10/2019.

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