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The Daily Tell

Good news in trying times.

Target to donate $1 billion to education by 2015

Target has announced an ambitious new goal to pledge $1 billion to education over the next five years.The Minneapolis-based Target Corporation will donate more than $500 million in support of education by 2015, doubling its contribution to educational activities and ...

Fordham alumnus donates $25 million to his alma mater

Fordham University has received a $25 million gift from a grateful alumnus.The university, based in New York City, had a major impact on the life of Mario J. Gabelli, whose generous $25 million donation marks the opening of the public ...

Facebook founder gives $100 million to Newark school system

Facebook has been in the news quite a bit lately. A new movie about the website, called The Social Network, will be released later this fall and is already generating significant Oscar buzz. Now, the film's inspiration, Facebook founder Mark ...

Simons Foundation Donates $60 Million to UC Berkeley

Article By Mitch On May - 3 - 2012

New York-based Simons Foundation has granted $60 million to the University of California, Berkeley to create theory of computing institute. The new institute will be housed in Berkeley’s Calvin Hall and will be called the Simons Institute for the Theory of Computing. The institute will be inviting world’s foremost computer researchers and theorists for the exploration and application of mathematical foundations of computer science to everyday life. The initiative will include finding ways of fighting diseases, creating more accurate climate change models, and developing more secure and efficient...


In 2011, the nation’s richest people donated a bigger percentage of their wealth than anytime in the past decade. The Giving List, an annual detail of the country’s biggest donors, released figures yesterday that revealed the 100 richest people in Britain gave away over 1% of their wealth in 2011. This figure is the highest proportion of this statistic in the last 11 years. Topping the list of philanthropists is the Yorkshire artist David Hockney, who gave £78.1 million in paintings. The donation was made to various charitable causes. Hockney is estimated to be worth £34 million, meaning...


Minnesota-based Robina Foundation donated an $18 million gift to the Yale School of Drama and Yale Repertory Theatre. The donation was made in hopes to “permanently endow the creation of new works for the American stage. $15 million will go to endowment for the Yale Center for New Theatre, and the remaining $3 million to operating funds. In honor of the founder of Robina Foundation James H. Binger the center will be renamed the Binger Center for New Theatre. The center is an initiative driven by artists that commissions, develops, and produces new musicals and plays.  It was established in...

Cyclist Pledges $40 Million to Brooklyn Bridge Park

Article By Mitch On April - 23 - 2012

New York City will get its first indoor bike track. Joshua P. Rechnitz, has pledged $40 million for a field house that will be located in Brooklyn Bridge Park, which will include an indoor cycling track. The pledge is the largest gift in the history of New York City’s parks system. It will be directed toward the construction of a gigantic field house, at 115,000 square feet near Pier 5. It will house a 200-meter inclined cycling track with a 22,000-square-foot infield. The record was previously held by the $20 million donation by Barry Diller and Diance von Furtstenberg to elevate High Line Park...


In an effort to combat the number of Americans who experience food insecurity nationwide, Bank of America has extended a $1.5 million endowment to to the Boys and Girls Clubs of America and Feeding America via the bank's "Gift for Opportunity" fund. Consumers and associates made charitable contributions to the fund for six weeks, beginning December 2010, to aid more than 40 million children, individuals and families throughout the nation. The fund is a new program that nationally aims to encourage charitable giving among the bank's customers and associates, which it will then...


Despite the fact that religion ranks fourth in terms of what causes Americans believed needed the most financial help at present – behind education, health and civic organizations – more than half of the funds given to charity go to religious causes and organizations, according to a national survey conducted by The Nonprofit Times and infogroup/Nonprofit. Although Americans claim that education is the most deserving of financial support, they fail to back it with the necessary funding. In 1992, the same question was asked and religion ranked third behind education and health groups....

Emory University recieves financial aid boost from alumnus’ estate

Article By Byron Butler On March - 2 - 2011

Atlanta-based Emory University has seen a boost in financial aid funding to students through Emory Advantage, thanks to a $14.4 million endowment from the estate of James E. Varner, Jr., an alumnus of the college who died March 6, 2010. The aid will benefit qualifying students within the college of arts and sciences. Varner graduated from Emory in 1943 with a degree in economics and left the majority of his estate to Emory in support of its students. "Emory Advantage grows out of the core belief that we simply cannot succeed unless we retain the ability to recruit to Emory the sort of vibrant,...


The Bill and Melinda Gates Foundation has teamed up with the UK's Department for International Development, announcing a $102 million, five-year initiative to combat hunger and poverty within developing countries. The partnership will support agricultural research projects, aiming to help boost the profit and yield of small farms within regions that receive funding. It will address the threats that are most serious to the areas, such as food production, crop disease, pests, poor soil quality and extreme weather. "For many of the poorest people in Africa and Southern Asia, the crops they...


In the wake of General Motors' collapse, the auto industry pulled its funding to arts institutions via its charitable General Motors Foundation. However, now that the industry is back on its feet again, it has resumed giving, recently extending grants to artistic organizations, including $125,000 to Michigan Opera Theatre, $75,000 to Mosaic Youth Theatre and $25,000 to the Charles H. Wright Museum of African American History. These groups have faced challenges such as increasing deficits, layoffs and artistic cuts throughout the recession. Several Detroit-based artistic organizations, including...

Nonprofits in Ohio see more charitable giving from local foundations

Article By Byron Butler On February - 28 - 2011

Thanks to recent economic improvements, many foundations within Ohio's Miami Valley region have upped their charitable giving, with many more expecting to do so within the year. This is good news for local agencies and nonprofit organizations, which have relied on these grantmaking foundations to survive, the Dayton Daily News reported. The recession played a major role in these foundation's ability to give over the past several years. The Kettering Family Foundation, based in Dayton, saw its assets and revenue dip between 2007 and 2008 – falling from $22.6 million to $15.7 million....

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