Philanthropy News Blog

A roundup of philanthropic news.

This Week in Philanthropy: May 2 – May 8

$100 million: Community Foundation for the Fox Valley Region Lands Massive Gift

The Community Foundation for the Fox Valley Region will use an estate gift of more than $100 million to give annual grants to a variety of causes in northeast Wisconsin.

The estate gift from David and Rita Nelson was announced Tuesday morning outside the Charles A. Grignon Mansion in Kaukauna and is the largest donation in the foundation’s 32-year history.

Full article text available via Post Crescent, 05/01/2018.

Hastings Foundation Donates $12.5 Million to Lung Disease Research at USC

The Hastings Foundation has donated $12.5 million to the University of Southern California (USC) Hastings Center for Pulmonary Research to help advance research and development of new strategies to treat idiopathic pulmonary fibrosis and other lung diseases.

Full article text available via Pulmonary Fibrosis News, 05/03/2018.

Donation of $15 million becomes largest in Southwestern’s history

Jack Garey, a philanthropist and retired businessman, has donated $15 million to Southwestern University in Georgetown for need-based scholarships, faculty chairs and other purposes, delivering the largest cash gift in the school’s 178-year history.

Full article text available via My Statesman, 05/04/2018.

Iowa State Getting $5 Million Gift from Land O’Lakes Foundation

The Land O’Lakes Foundation has made a $5 million commitment to Iowa State University that will improve the quality of an Iowa State education, attract and retain top faculty and research talent in supply chain management, and inspire innovation in key areas on Iowa State’s campus.

Full article text available via Wisconsin Ag Connection, 05/02/2018.

Loudoun Businessman’s $5M Gift Will Help First-Generation College Students Pursue Their Dreams

Leesburg inventor, electrical engineer and businessman Joe T. May is giving a hefty donation to his alma mater with the goal of helping promising young people earn a degree and pursue engineering careers.

May, founder and chief technology officer of Leesburg-based company Electronic Instrumentation and Technology (EIT), is giving Virginia Tech’s College of Engineering $5 million to create a pathway to college for 60 first-generation college students a year.

Full article text available via Loudoun Now, 05/02/2018.

Still Water Foundation Boosts St. Stephen’s Endowment with $5 Million Gift

St. Stephen’s Episcopal School received a $5 million gift to the school’s endowment from the Still Water Foundation, which supports the arts, education and the environment and issues related to rural Texas.

The donation was the largest in St. Stephen’s history, according to Christine Aubrey, associate head of school for advancement.

Full article text available via Community Impact Newspaper, 05/02/2018.

Love Family Donates $5 Million To OU Entrepreneurship Programs

A $5 million gift from the Love family will fund several entrepreneurship programs on the University of Oklahoma campus.

Several attendees gathered at the formal dedication on campus. The sizable donation made by the Tom and Judy Love Foundation to the Michael F. Price College of Business will fund the Tom Love Innovation Hub, a resource for Oklahoma’s entrepreneurs to design, experiment, and bring new ideas.

Full article text available via News 9, 05/04/2018.

Origin Ventures Founders Give $5 Million to Support U of I Entrepreneurship Academy

Bruce Barron and Steve Miller, the founders of Origin Ventures, are donating $5 million to their alma mater, the University of Illinois, to help teach students how to become entrepreneurs.

Origin, a Chicago-based venture fund, is best known for being the first institutional investor in Grubhub. The online platform for food-ordering and delivery went public in 2014 at $26 a share and now trades at about $100.

Full article text available via Crain’s Chicago Business, 05/04/2018.

Dartmouth Expands Commitment to Entrepreneurship With New Center

Building on a rapidly expanding network of alumni, students, and faculty who want to launch business ventures and social enterprises, Dartmouth is establishing a center for entrepreneurship, with a lead gift from Allison and Rick Magnuson ’79, President Phil Hanlon ’77 announced on May 2.

The Magnusons have pledged $20 million toward the creation of the center, part of an overall $40 million investment to infuse entrepreneurship across the Dartmouth campus through endowed funding.

Full article text available via Dartmouth News, 05/03/2018.

$5 Million Gift to Build Korean Language Village

Kenny Park, CEO of Seoul-based luxury handbag manufacturer the Simone Corporation, has donated $5 million to Concordia Language Villages in Moorhead, Minnesota, to support the first phase of construction of a culturally authentic Korean Language Village. This gift represents the single largest donation in support of K–16 Korean language education in North America.

Full article text available via Language Magazine, 05/07/2018.