Money roundup, 2/16/01 – Giving and receiving

* Two America Online executives gave $30 million to the Corcoran Gallery of Art, the largest donation in the Corcoran’s 131-year history, the Associated Press reported Feb. 5. The gift is from Barry Schuler, CEO of AOL Inc., and his wife, Tracy, and Robert W. Pittman, co-chief operating officer of AOL Time Warner, and his wife, Veronique. For full story, go to the San Francisco Chronicle.

* The California Endowment, the biggest health foundation in the state, has awarded $24 million to 46 mental-health programs in 17 counties involving 102 organizations.

* A University of Pennsylvania alum and well-known archaeologist has given $16 million to renovate the school’s Museum of Archaeology and Anthropology, the Associated Press reported Feb. 15. The gift from Charles K. Williams II is the largest ever to the 113-year-old facility. For full story, go to Northern Light.

* The American Legacy Foundation has given $15 million to the University of California, San Francisco, to establish permanent Internet access to tens of millions of pages of once-secret tobacco industry documents, and to create a center to study the records.

* The Benedum Foundation in 2000 approved 117 grants in West Virginia totaling nearly $14.6 million, the Dominion Post reported Feb. 5.  For full story, go to Dominion Post.

* Dell computer chief Michael Dell and his wife, Susan, have given $10 million through their foundation to the Long Center for the Performing Arts in their hometown of Austin, Tex.

* Three high-tech entrepreneurs have pledged $1 million each to a new High Tech Industry Multidisciplinary Fund at the Dana-Farber Cancer Institute in Boston. The fund aims to raise $10 million for a projected $15 million for research. Donors included angel investor James Dow and his wife, Lucille Zanghi; Michael Champa, president and CEO of Winphoria Networks, and his wife, Maureen; and Paul Severino, co-founder and CEO of Wellfleet Communications, and his wife, Kathleen.

* The University of Washington has received $10 million from California businessman Neal Dempsey and his wife, Janet, to support an entrepreneurship program in the business school, and intercollegiate athletics. The gift, the largest ever to the school, follows a $3 million gift the couple made earlier this year.

* The Robert Wood Johnson Foundation has given three-year grants, averaging $700,000 each, to 14 communities to help organize, finance and provide health-care services to people without insurance.

* The L.K. Whittier Foundation has given a five-year, $9 million grant to Childrens Hospital Los Angeles to fund and expand its Laura P. and Leland K. Whittier Virtual Pediatric Intensive Care Unit created with a $3.14 million grant from the foundation in 1998.

* High-tech entrepreneur Eric Greenberg, founder of Viant Corp., Scient Corp. and 12 Entrepreneuring, has given $5.4 million to support the human genetics program at the new Mission Bay campus of the University of California, San Francisco.

* Seymour Cohn, chairman of the board of Sylvan Lawrence Co., a New York City real estate investment company, has given $5 million to the School of Medicine at New York University to expand its programs and facilities in cardiothoracic sugergy.

* The Mario Lemieux Foundation, created by Pittsburgh Penguins’ owner-player, is giving $5 million to create the Mario Lemieux Centers for Patient Care and Research at the University of Pittsburgh Medical Center, the Associated Press reported Feb. 6. For full story, go to

* The American Indian College Fund in 2000 handed out a record $4 million in scholarships to roughly 6,000 American Indians representing more than 250 tribes throughout the U.S.

* Businessman Edward H. Schmidt has given $2.2 million to the Toledo Symphony, the biggest gift ever received by the Toledo Orchestra Association.

Veritas Software Corp. in Mountain View, Calif., has added $2 million to the initial $1 million endowment fund it created in 2000 at the Veritas Software Foundation, which promotes education and community improvement.

* Oregon State University has received $2 million from anonymous donors and will use the funds to help its libraries handle large collections of data, the Associated Press reported Jan. 29. For full story, go to

* American Express has selected Boston/Providence, Cincinnati, Pinellas County and San Diego to participate in its National Marketing Arts Project that was established in 1997 with a three-year, $1.5 million grant. The company will give another $1.5 million to the Arts & Business Council in New York to extend the program through 2003.

* The Bill & Melinda Gates Foundation has awarded the first $1.7 million in its $40.7 million project to build 1,560 units of transitional housing for Seattle region’s poorest families, the Seattle Times reported Feb. 13. For full story, go to the Seattle Times.

* The Public Policy Institute of California has received $1 million from Arjay Miller and his wife, Frances, to establish a chair in public policy. Miller is dean emeritus of the Graduate School of Business at Stanford University and a co-founder of the institute.

* The Aidilfitri Charity Fund in Singapore raised a record $1.4 million to help less fortunate Muslims, The Straits Times reported Feb. 1. For full story, go to the Straits Times.

* The Paul G. Allen Foundation for Medical Research has given $1 million to support the M
edical Scientist Training Program at the University of Washington.

* Mat Dawson Jr., an 80-year-old forklift rigger at Ford Motor Co. who has donated more than $1.3 million to a variety of charitable causes, is giving $200,000 to Wayne State University.

* The San Diego Symphony, which declared bankruptcy in 1996 and closed its 1998-99 season $432,437 in debt, ended its 1999-2000 season with $386,997 in the bank, the Associated Press reported Feb. 14. For full story, go to Northern Light.

Leave a Response

Your email address will not be published. All fields are required.