Stories in the category Philanthropy & nonprofits

Sandy Weill pumps $170M into Weill Cornell Medical College

By Carol Eisenberg

April 7, 2009 at 5:11pm

By the time he is done with the latest chapter of his life, the ‘House that Sandy Built’ may become shorthand for Cornell Medical College, rather than now-teetering Citigroup.

Sergey Brin donates DNA, dollars to Parkinson’s study

By Carol Eisenberg

March 13, 2009 at 8:24am

Google co-founder Sergey Brin, who carries a gene mutation that predisposes him to Parkinson’s disease, is contributing his DNA and millions of dollars to research into the condition’s genetic basis.

Daschle withdraws his name from nomination

By Laurie Bennett

February 3, 2009 at 2:15pm

Tom Daschle was also dogged by his connections to EduCap, a nonprofit group specializing in student loans.

Bloomberg top living philanthropist of 2008

By A. James Memmott

January 31, 2009 at 9:33am

New York City Mayor Michael R. Bloomberg, a billionaire, made progress last year on his effort to give away most of his fortune in his lifetime.

Economy, Madoff scam hit Harlem Children’s Zone

By A. James Memmott

January 27, 2009 at 11:56am

A bad year for Wall Street and a bad year for Bernard L. Madoff is turning out to be a bad year for the Harlem Children’s Zone, a successful New York City education reform project.

Eli Broad comes to rescue of LA museum

By Laurie Bennett

January 2, 2009 at 6:39am

Billionaire Eli Broad has agreed to bail out the Museum of Contemporary Art in Los Angeles with a gift of up to $30 million.

Lymphoma foundation escapes Madoff wrecking ball

By A. James Memmott

December 20, 2008 at 7:08pm

One charity with Madoff connections has managed to emerge unscathed.

American millionaire Mark Pigott lavishes gifts on UK

By A. James Memmott

December 2, 2008 at 9:05am

Mark C. Pigott, 54, isn’t British, but the millionaire trucking industry executive who lives in Washington state has made it his mission to help English institutions flourish.

Focus on the Family wins gay marriage ban, loses staff

By Carol Eisenberg

November 18, 2008 at 5:01pm

After pumping more than a half million dollars into overturning gay marriage in California, Jim Dobson’s Focus on the Family has fallen on hard economic times.

Eli Broad plans new art museum in Beverly Hills

By Carol Eisenberg

November 18, 2008 at 12:27pm

Apparently, a billionaire has the prerogative to change his mind.

eBay founder Pierre Omidyar will increase grants and investments

By Laurie Bennett

October 22, 2008 at 10:40am

While many billionaires watch their portfolios shrivel, and nonprofit organizations worry about their reliance on those portfolios, one well-known philanthropist plans to expand his giving.

Paul Newman made sure his charities would outlive him

By Carol Eisenberg

September 29, 2008 at 4:00pm

A sign in Paul Newman’s Westport Conn. offices famously read: “If I had a plan, I would be screwed.”

Raikes moves from Microsoft to top spot at Gates Foundation

By A. James Memmott

May 13, 2008 at 3:20pm

Microsoft’s employee No. 105 will soon become the No. 1 employee at the Bill and Melinda Gates Foundation, the largest foundation in the world.

Conflict dead ahead for AMR’s Ibarguen?

By Gary Jacobson

April 11, 2008 at 9:28am

Alberto Ibarguen, CEO of the Knight Foundation and former publisher of the Miami Herald, joined the board of directors of AMR and American Airlines in January. There wasn’t much of a honeymoon.

Newseum’s Overby moonlights as prison director

By Gary Jacobson

April 10, 2008 at 11:08am

On the spectrum of freedom, Charles Overby pretty much has the full range covered. He heads the Freedom Forum, which opens its new $450 million Newseum Friday in Washington, D.C. And, in his free time, he’s a director at the Corrections Corporation of America, which runs the nation’s largest privatized prison system.

Ted Turner softens stance on religion

By A. James Memmott

April 2, 2008 at 5:09pm

Noting that as he gets older, he gets more tolerant, the once anti-religious Ted Turner has joined two religious organizations to reduce malaria in Africa.

The Osmonds: United in song and charity

By Ali Jones

March 22, 2008 at 11:01am

The Osmond family, once cited by a Mormon elder for setting “the greatest example of missionary work,” has helped raise billions of dollars for children’s hospitals over the years.

Lauder gives $131 million to the Whitney

By Laurie Bennett

March 19, 2008 at 9:36am

Cosmetics magnate Leonard A. Lauder has made the biggest gift the Whitney Museum has ever received.

Anne Farrell leaving Washington Mutual

By Gary Jacobson

March 16, 2008 at 7:35pm

Some might call it good timing for Anne V. Farrell, who is leaving the Washington Mutual board of directors because she has reached the mandatory retirement age of 72. Washington Mutual, the embattled Seattle lender, is facing lawsuits, more big lending losses, and is the subject of takeover speculation.

Georgia Tech’s Wayne Clough to lead Smithsonian

By Gary Jacobson

March 15, 2008 at 8:33pm

G. Wayne Clough, the president of Georgia Tech, will become head of the Smithsonian Institution July 1, more than a year after the previous chief, Lawrence Small, resigned over accountability issues.

“This is a treasure of our country, and it needs to move forward,” Clough, 66, said Saturday.

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