Philanthropy News Blog

A roundup of philanthropic news.

This Week in Philanthropy: November 7 – November 13

Harvard Medical School Advances Research with $200-Million Gift

Harvard Medical School (HMS) will make major investments in imaging capabilities for structural biology, single-cell sequencing, and drug screening—all underpinnings for basic and clinically applicable research—with the support of a $200-million gift, the largest in its history. The gift, in the form of a pledge of flexible funds (rather than restricted endowments), comes from the Blavatnik Family Foundation; Len Blavatnik, M.B.A. ’89, is a previous donor to basic and applied biomedical research at the University and around the world.

Full article text available via Harvard Magazine, 11/08/2018.

Mayo Clinic Gets Its Largest Gift Ever: $200 Million to Train Doctors of the Future

The founder of a corporate turnaround firm is donating $200 million to Mayo Clinic to help future doctors afford medical school and train them in areas such as genetics and artificial intelligence that are becoming central to modern medicine.

The endowment gift by Jay Alix is the largest in Mayo’s history. The Rochester-based health care provider is renaming its medical school as the Mayo Clinic Alix School of Medicine in recognition.

Full article text available via Minneapolis Star Tribune, 11/13/2018.

 

UTSA — with $5 Million Gift — Seeks Alzheimer’s Breakthrough

James Truchard has a hunch: there could be a cure for Alzheimer’s disease buried in the years’ worth of research already done.

“My guess is it probably is,” Truchard, retired president and CEO of National Instruments, said Monday from San Diego, where he was attending the annual meeting of the Society for Neuroscience.

Full article text available via San Antonio Express-News, 11/06/2018.

The Potomac School Receives $12 Million Gift for New Center

Construction of a new Center for Athletics and Community is underway at The Potomac School. Work on the facility began in July, and it is slated to open in late fall 2019.

The project has garnered one of the largest gifts in the school’s history: $12 million from the Spangler family. Dr. Abigail Spangler, a member of Potomac’s Board of Trustees, represented her family at a recent dinner honoring the individuals whose leadership has made the new center possible.

Full article text available via Connection Newspapers, 11/06/2018.

Marshall University Receives $25 Million Gift for College of Business

Marshall University President Jerome A. Gilbert announced alumnus and Intuit Chairman and CEO Brad D. Smith and his wife, Alys Smith, have made a $25 million gift to the university’s Lewis College of Business.

Gilbert said the Smiths’ gift—one of the largest in Marshall’s history—is “transformational” and will provide new and dynamic opportunities for current and future business students.

Full article text available via WV News, 11/08/2018.

Susquehanna University Receives $10 Million Gift

Susquehanna University has announced a $10 million gift commitment from Lucille Arthur, widow of Douglas Arthur, Class of 1949 and World War II veteran.

In recognition of the gift, the university named its athletic stadium the Doug Arthur Stadium.

The gift will support:

  • Enhancement of an endowed scholarship fund for students from Dauphin County attending Susquehanna,
  • Operating and facilities needs for Susquehanna’s 23 NCAA sports teams, and
  • Creation of an endowment to support the position of the university’s athletic director.

Full article text available via WIFT, 11/11/2018.

$5 Million Gift Fuels New Beaumont Heart Center

Beaumont Health is building a $9 million outpatient heart center on its Royal Oak campus to better serve the growing number of people suffering from congestive heart failure and to reduce costs related to their care.

A $5 million gift from Max Ernst, former executive vice president and COO of Arbor Drugs, and his wife, Debra, is funding the bulk of the project.

Full article text available via Crain’s Detroit Business, 11/11/2018.

Wabash College Kicks Off Giant Steps Campaign with a Giant Gift, the Largest in School History

Paul and Betty Woolls just set a record, but they’re hoping someone breaks it very soon.

Wabash College announced that the Woollses are giving the institution $40 million — the largest gift in the school’s 186-year history. Fittingly, the donation will go towards Wabash’s Giant Steps campaign, the biggest and boldest in the school’s history, seeking to raise $225 million by 2023.

Full article text available via IndyStar, 11/09/2018.

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