Philanthropy News Blog

A roundup of philanthropic news.

This Week in Philanthropy: July 4 – July 10

Wills Eye Hospital Receives $5 Million Gift for Vision Research

Wills Eye Hospital has received a $5 million gift from philanthropists Vickie and Jack Farber to create the Vickie and Jack Farber Vision Research Center at Wills Eye, the hospital announced in a press release.

The Farbers previously supplied a $2 million grant to expand and build new foundations for research and to recruit vision epidemiologist Leslie Hyman, PhD, to Wills Eye, the release said.

Full text article available via Healio Ocular Surgery News, 07/05/2018.

Florida State University Wanted to Raise $1 Billion. They’ve Exceeded that Goal.

From the new Jim Moran School of Entrepreneurship downtown to renovations of the men’s and women’s basketball locker rooms, Florida State University is reaping the benefits of reaching out to private donors and philanthropists.

Much of the money is part of the university’s eight-year “Raise the Torch: The Campaign For Florida State.”

Full article text available via Tallahassee Democrat, 07/05/2018.

D’Youville College Announces $5 Million Award for New Health Professional Hub

D’Youville College continues to expand its footprint on the city’s West Side. Thanks to a $5 million grant, the college will be building a new Health Professions Hub at the intersection of Connecticut and West. The 50,000-square foot Health Professions Hub is made possible with funding from New York State Higher Education Capital Matching Grant Program (HECap). The building will be used to train healthcare workforce.

Full article text available via Buffalo Rising, 07/09/2018.

Under-the-Radar Houston Couple Gives $10 Million to Memorial Park

Stepping out from the comfortable shadows of modest anonymity, philanthropists Emily and Robert Clay are crossing the threshold of notoriety with their contribution of $10 million to the Memorial Park Conservancy — a major gift for continuing development of the park’s Master Plan. Though the pledge was confirmed a month ago, official announcement is being made now as the Clays hope to provide inspiration for future giving from their brethren among the ranks of low-profile, wealthy Houstonians.

Full article text available via Paper City Magazine, 07/09/2018.

Rasmuson Foundation Awards Grants Totaling $11.4 Million

The Rasmuson Foundation in Anchorage has announced grants totaling $11.4 million to sixteen nonprofits in Alaska.

The largest grant, a $5 million multiyear commitment to the University of Alaska Foundation, will support the next phase of the Alaska Native Science & Engineering Program, which the foundation has invested in since 2002. ANSEP offers a variety of supports designed to prepare middle and high school students for college and help those in college succeed. The grant will help ANSEP establish an Acceleration Academy for high school students in Anchorage.

Full article text available via Philanthropy News Digest, 07/09/2018.

$100 Million Fund for Women Entrepreneurs of Color Launched

ESSENCE Ventures CEO Richelieu Dennis has announced the official launch of the New Voices Fund, a $100 million initiative created to invest in and empower women entrepreneurs of color.

With the goal of ensuring that “new voices” in entrepreneurship are able to learn, grow, and thrive, the fund will provide women of color entrepreneurs with capital to start or scale a business, as well as access to a global network and other kinds of expertise. To that end, the fund will support startups, established businesses, and community-based enterprises, while the New Voices Foundation will offer resources, including leadership development, skills-building assistance, and networking opportunities, designed to help New Voices entrepreneurs achieve their vision.

Full article text available via Philanthropy News Digest, 07/09/2018.