Philanthropy News Blog

A roundup of philanthropic news.

This Week in Philanthropy: July 25 – August 1

Carlson Family Foundation gives $15 million to University of Minnesota

The Carlson Family Foundation has announced $15 million in gifts to the University of Minnesota, including $10 million to expand the global reach of its business school, the Carlson School of Management.

The latest gift is one of the largest since the late Curt Carlson, founder of the Carlson company, donated $25 million in 1986 to the business school that bears his name, officials said.

Full article text available via Star Tribune, 07/26/2018.

Rose-Hulman Gets Anonymous $15 Million Gift for New, Three-Story Building

Rose-Hulman Institute of Technology has received a $15 million gift from an anonymous donor for construction of a new, three-story academic building on the east side of campus.

A groundbreaking ceremony for the 60,000-square-foot facility will take place Oct. 6 during the college’s homecoming festivities. The $29 million building, to be located between Moench Hall and Myers Hall, will be open for the 2021-22 school year.

Full article text available via Sun Commercial, 07/25/2018.

$6 Million Donation to Help Buck Institute Study Extending Age of Women’s Fertility

The Buck Institute for Research on Aging in Novato announced Wednesday it is establishing the world’s first Center for Female Reproductive Longevity and Equality to develop strategies to prevent or delay ovarian aging.

“While aging research is seeing unprecedented acceleration, the area of women’s reproductive longevity remains underappreciated or even ignored,” said Eric Verdin, the Buck Institute CEO, in a statement. “Beyond reproduction, the end of fertility sets off a cascade of negative effects in women’s bodies. We want to intervene in that process.”

Full article text available via Marin Independent Journal, 07/25/2018.

Former North Oaks Resident Makes $12 Million Gift to Presbyterian Homes & Services

Presbyterian Homes & Services (PHS) is pleased to announce receipt of a $12 million gift to establish and endow the Hugh K. and Margaret S. Schilling Leadership Institute, which aims to advance development of a highly competent workforce to meet needs related to the unprecedented aging of our population. The institute is named for its benefactors, Hugh K. Schilling and Margaret S. Schilling, who have had a long-term association with PHS. Hugh Schilling serves as Chairman of the Board of Horton Holding, Inc., a manufacturing company headquartered in Roseville. Schilling is a former resident of North Oaks where he lived at Waverly Gardens, a senior living community of Presbyterian Homes & Services.

Full article text available via Shoreview Press, 07/24/2018.

UConn Foundation Raises Over $82 Million, It’s Best Year Ever

The University of Connecticut Foundation has raised more than $82 million in pledged commitments for the 2018 fiscal year, the largest annual amount in its 54-year history.

More than $300 million has been raised in the past four fiscal years, with the total endowment estimated at $440 million.

Full article text available via Hartford Courant, 07/25/2018.

$50 Million in Legacies Pledged to Chabad

Myrna Horton, 84, was eager to talk about why she decided to leave a legacy gift to Chabad of Tustin, California. “I feel so good knowing that some of my estate will be used for children’s education. It’s so important for children to learn about their religion,” she told Chabad.org.

Not only was Horton enthusiastic about her own decision to make a legacy gift, she was passionate about persuading others to consider doing so as well, and she is featured in a video explaining her reasons for giving and encouraging others to follow suit.

Full article text available via Chabad.org News, 07/26/2018.

UCLA Surpasses $4.2 Billion Centennial Campaign Goal; Fundraising Will Continue through 2019

When UCLA announced its $4.2 billion goal for the Centennial Campaign for UCLA in 2014, it was the most ambitious target of any fundraising effort initiated by a public university in the United States. The campus announced it had surpassed the goal 18 months ahead of schedule.

Full article text available via UCLA Newsroom, 07/25/2018.

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