Philanthropy News Blog

A roundup of philanthropic news.

This Week in Philanthropy: November 28 – December 4

St. Jude Receives Single-Largest Gift in its History — To Build a Campus First

St. Jude Children’s Research Hospital just received the single-largest gift in its history — more than twice as much as the previous biggest donation. AbbVie, the North Chicago-based biopharmaceutical giant, is giving $50 million to the Memphis-based hospital both entities announced Monday, Dec. 3.

With the funds, St. Jude will implement a first of its kind on its campus — a new approach to wellness and recovery for patients and their families.

Full article text available via Memphis Business Journal, 12/3/2018.

HollyFrontier Gives $5 Million to Gathering Place, Park’s Largest Gift of 2018

Located across the Arkansas River from Gathering Place, HollyFrontier had a front row seat to the park’s construction. Now, the company is helping secure its future.

The petroleum refiner and marketer announced Saturday that it is donating $5 million to the park and toward the beautification of the west bank of the riverfront north of the pedestrian bridge. It is the largest gift of the year to the $465 million Gathering Place, whose 66.5-acre first phase opened Sept. 8.

Full article text available via Tulsa World, 12/1/2018.

University of Arizona Receives $20 Million Gift for its Optical-Sciences Program

The University of Arizona on Friday received an historic pledge of $20 million to support 10 new faculty positions in its College of Optical Sciences.

The gift from College of Optical Sciences founding dean and professor emeritus James Wyant and his family was announced Friday. It is the largest gift for endowed faculty-chair positions in the university’s history, UA officials said. The UA will receive the gift over a five-year period.

Full article text available via AZ Central, 11/30/2018.

$5 Million Pinellas Education Foundation Gift is a Record-Breaker, and Hones in on the Skills Gap

One Pinellas County school not only received a new name on Friday, but received the largest gift in Pinellas Education Foundation’s history: $5 million. The Jacobson Foundation gave the gift Friday morning to the Pinellas Education Foundation and presented it at a ribbon cutting for the Richard O. Jacobson Technical High School in Seminole. The late donor, Dick Jacobson, previously gave $100 million to the Mayo Clinic, which was the largest in the hospital’s history.

The $5 million donation will help students seeking technical careers after graduating from the high school and the focus of the donation will go to a new foundation initiative called Elevating Excellence, which will help high-achieving minority and low-income students throughout the county school district.

Full article text available via Tampa Bay Business Journal, 11/30/2018.

Gift of $20 Million Will Go to UT Business Honors Program

Phil Canfield and his wife, Mary Beth, are donating $20 million to the business honors program at the University of Texas — the program that launched his investment career. In honor of that gift, the program at the McCombs School of Business will be renamed the Canfield business honors program, UT announced Friday.

Full article text available via Statesman, 11/30/2018.

$8.7 Million: Luckyday Foundation Commits to Largest Gift in University of Southern Mississippi History

In a partnership like no other at The University of Southern Mississippi, the Luckyday Foundation of Ridgeland, Miss., is continuing its support of the Luckyday Citizenship Scholars Program at Southern Miss with an additional commitment of more than $8.7 million through The USM Foundation. The Luckyday Foundation has provided over $35.7 million to the program to date, making it the University’s most generous benefactor.

Full article text available via Southern Miss Now, 11/29/2018.

$20 Million Gift Boosts Multiple Myeloma Research

The blood cancer multiple myeloma takes the lives of about 11,000 Americans each year. While treatment options and life expectancy have improved in recent years, there’s still no cure. That reality has inspired St. Louis native Rodger Riney and his wife, Paula, to give $20 million to research teams at Washington University School of Medicine in St. Louis to use the newest, most advanced technologies to aggressively pursue every possible target that could improve the outcome of this disease.

Full article text available via Washington University School of Medicine in St. Louis, 11/29/2018.

Family Foundation Makes $4 Million Gift to Eastern Virginia Medical School

The newest building at Eastern Virginia Medical School in Norfolk will be called Waitzer Hall in recognition of a $4 million gift. The donation from the Leah and Richard Waitzer Foundation is the largest family gift ever made to EVMS.

Full article text available via Virgina Business, 11/28/2018.

Ohlone College Receives $9.8 Million Donation

The Ohlone College Foundation has received $9.8 million from East-Coast real-estate developer and retired contractor, Mr. Frank DiMino. The gift is the largest in Ohlone’s 51-year history and ranks as the fifth-largest donation ever given to a California Community College.

“It speaks volumes that someone from outside of the Bay Area, outside of the state, recognizes the value that Ohlone College provides,” says Dr. Gari Browning, President and Superintendent of the Ohlone Community College District. “We are so grateful to Mr. DiMino for this transformative gift. He has left his legacy here at Ohlone.”

Full article text available via Ohlone College, 11/28/2018.

Giving Tuesday Appeals Raise 27% More Than in 2017

Giving Tuesday, the annual day devoted to philanthropy, raised roughly $380 million for charities from 4 million people, organizers said.

The results represent an increase of 27 percent from last year, when donors gave about $300 million.

Full article text available via The Chronicle of Philanthropy, 11/28/2018.

 

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