Mayo Clinic School of Medicine receives $200 million gift
Mayo Clinic has announced a gift of $200 million from Jay Alix, noted philanthropist of Birmingham, Mich. and founder of the firm, AlixPartners. The endowment gift, the largest ever to Mayo Clinic, is designated to Mayo Clinic School of Medicine. It recognizes the importance of educating the next generation of physicians who will carry on Mayo’s tradition of solving the most serious and complex medical challenges – one patient at a time.
Full article text available via Mayo Clinic News Network, 11/19/2018.
Facebook’s Sheryl Sandberg Gives $50 Million and Commits $50 Million More for New Foundation
Sheryl Sandberg plans to donate another $50 million in cash to start a new foundation called the Sandberg Goldberg Charitable Support Fund before the end of this year. She has not yet said what the new grant maker will support. Her philanthropy in past years has centered on giving to programs that help women and girls, the Second Harvest Food Bank, and a number of food banks that serve the needy in Silicon Valley.
Full article text available via The Chronicle of Philanthropy, 11/16/2018.
Michael Bloomberg: Why I’m Giving $1.8 Billion for College Financial Aid
Here’s a simple idea I bet most Americans agree with: No qualified high school student should ever be barred entrance to a college based on his or her family’s bank account. Yet it happens all the time.
When colleges review applications, all but a few consider a student’s ability to pay. As a result, high-achieving applicants from low- and middle-income families are routinely denied seats that are saved for students whose families have deeper pockets. This hurts the son of a farmer in Nebraska as much as the daughter of a working mother in Detroit.
Full article text available via The New York Times, 11/18/2018.
Amgen Foundation Commits $21 Million for Scholarships: Grants Roundup
The Amgen Foundation announced the expansion of the Amgen Scholars Program, a hands-on research program that allows undergraduates to spend a summer at one of many of the world’s premier research institutions. The new four-year, $21 million commitment brings the program to a total of 24 elite institutions across the U.S., Europe, Asia and, for the first time, Australia and Canada.
Full article text available via Amgen Foundation, 11/14/2018.
More Than $350 Million Committed to Family Planning Efforts in Africa
In conjunction with the International Conference on Family Planning in Kigali, Rwanda, earlier this week, three major donors, including the Bill & Melinda Gates Foundation, have announced commitments to family planning initiatives.
At the conference, the United Kingdom’s Department for International Development announced an investment of £200 million ($260 million) in support of Women’s Integrated Sexual Health (WISH), a new program aimed at ensuring that couples in some of the world’s poorest countries have access to life-saving voluntary contraception.
Full article text available via The New York Times, 11/14/2018.
The Home Depot Foundation Increases Commitment to $500 Million for Veteran Causes
The Home Depot Foundation is announcing an increased commitment of a half billion dollars to veteran causes by 2025. The expanded commitment to veterans comes as company volunteers, known as Team Depot, completed more than 100,000 volunteer hours during the Foundation’s seven-week Celebration of Service campaign.
Full article text available via The Home Depot Foundation, 11/14/2018.
Current Trends in Philanthropy: U.S. Foundation Support for Climate Action
Released last month, the latest Intergovernmental Panel on Climate Change (IPCC) report paints a bleak picture of the disastrous consequences facing the planet if the average global temperature climbs 1.5 degrees Celsius above pre-industrial levels. The authors of the report warn that humanity will have to cut carbon emissions to almost half the 2010 level as early as 2030 in order to avoid long-lasting and potentially irreversible impacts from climate change, including the loss of many important ecosystems.
Full article text available via Philanthropy News Digest, 11/08/2018.
A 21st-Century Renaissance for Ford Foundation Landmark
Some good news: Employees are moving back into the Ford Foundation headquarters, between 42nd and 43rd Streets, a stone’s throw from the United Nations. A two-year, $205 million makeover is nearly done.
Full article text available via The New York Times, 11/19/2018.