Foundations

Michael Bloomberg Gives $75M to Shed Arts Center
May 25, 2017 at 9:51 am

The ambitious new arts center known as the Shed, rising in Hudson Yards, has received $75 million from Michael R. Bloomberg, showing just how much the Far West Side continues to be shaped by a small group of influential billionaires. They include Stephen M. Ross, the chairman of Related Companies, and Barry Diller, the media…

Rise of the Donor-Advised Fund: A Fast-Growing Vehicle to Charitable Giving
May 25, 2017 at 9:41 am

In our sector, we are constantly faced with obstacles of how we can increase charitable giving; but more particularly, how can we get our donors to continue to give over the years. A donor-advised fund is an account sponsored by a nonprofit organization that enables donors to give to charities and receive tax benefits—essentially a charitable savings account…

Shawn Carter Foundation, eBay for Charity Partner for College Campaign
May 18, 2017 at 11:05 am

Ms. Gloria Carter, co-founder of the Shawn Carter Foundation (and Jay Z's mom), and eBay for Charity are partnering for the first time to help underprivileged youth pursue college educations. The eBay for Charity auctions campaign launched May 15 and will run through May 24, with 100 percent of the proceeds benefiting the Shawn Carter Foundation’s…

Robin Hood Raises $54.5M at NY Benefit
May 16, 2017 at 10:24 pm

The Robin Hood Foundation raised $54.5 million at its benefit Monday night, revved up by a new leader and a $15 million challenge grant by billionaire Ken Griffin, founder of hedge fund firm Citadel. Robin Hood will use the money to fight poverty in New York City under incoming CEO Wes Moore, the U.S. Army…

Breast Cancer Research Foundation Raises $6M
May 16, 2017 at 10:21 pm

I recently attended the annual Hot Pink event that supports the BCRF at the Armory in New York City. The gala was hosted by Elizabeth Hurley, Victoria Beckham and chaired by Leonard Lauder with a performance by John Mellencamp. I was able to connect wit CEO Myra Biblowit and we discussed her position, the event,…

Obama Foundation Donations Jump to $13M in 2016
May 16, 2017 at 10:18 pm

The Barack Obama Foundation contributions jumped to a little more than $13 million in 2016, according to an IRS filing released last Thursday, and donations are expected to skyrocket in 2017 with the lifting of a self-imposed $1 million cap and former President Barack Obama free to make direct appeals. Obama discussed plans for his…

New York Public Library Receives $15M Gift
May 16, 2017 at 11:48 am

Philanthropist and New York Public Library Trustee Katharine J. Rayner has given the Library a $15 million gift to strengthen and advance the institution’s internationally-renowned research collections. The major gift, announced at the Library’s Board of Trustees meeting, establishes the “Katharine J. Rayner Fund for Special Collections,” which will fund the Library’s acquisition of special…

ExxonMobil, Employees Contribute Over $1.4M to Virginia Colleges, Universities
May 9, 2017 at 9:59 am

ExxonMobil and its employees contributed more than $1.4 million to institutions of higher education across Virginia as part of the ExxonMobil Foundation’s 2016 Educational Matching Gift Program. ExxonMobil employees, retirees, directors and surviving spouses contributed $453,000 to 34 Virginia colleges and universities, which was matched by more than $1 million in unrestricted grants from the…

Cal Poly San Luis Obispo Receives $110M Gift
May 5, 2017 at 2:05 pm

Cal Poly San Luis Obispo has received $110 million—the largest private donation in the history of California State University—from William and Linda Frost, Cal State alumni who have worked extensively with administrators for more than a decade “to transform science and mathematics education at Cal Poly,” school officials announced Wednesday. Much of the donation will…