Cruise ship to highlight philanthropy
Utopia, the new $1.1 billion ultra-luxury cruise ship, aims to cater to the philanthropic interests of its residents and guests by connecting them to donors with like interests and to events worldwide related to their favorite causes, The Wall Street Journal reported Dec. 2 (see philanthropy cruise ship story). The 15-story ship, which features both private residences and guest rooms, will highlight the philanthropic achievements of its owners.
Harvard Law suspends free-tuition program
Harvard Law School is suspending a program that waives tuition for third-year students who agree to work for nonprofits or the government for five years, The New York Times reported Dec. 2 (see Harvard Law School story). While participation was almost double what the school planned for, funding also was a problem as the school saw its endowment shrink during the recession.
Hershey School funder involved in takeover battle
The charitable trust that controls Hershey Co. also funds a school for 1,800 disadvantaged children from preschool through high school, and now is involved in a corporate takeover battle involving Cadbury PLC that could mean an additional $10 billion in debt for Hershey, The Wall Street Journal reported Dec. 2 (see Hershey school story). The chair of the trust says it is important to increase income so the school can survive and expand.
Ford invests $80 million to improve public benefits
As part of the reorganization spearheaded by its new president, the Ford Foundation will invest $80 million over five years in public programs and policies with the goal of helping low-wage workers and the unemployed, The New York Times reported Dec. 2 (see Ford Foundation story). Funds will be used to improve access to, and administration of, public benefits like food stamps and unemployment insurance.
Dartmouth aims to cut $100 million
Expecting its budget deficit to reach $96 million over the next two years, Dartmouth College is planning to shave $100 million in expenses over the same time period, The Boston Globe reported Dec. 2 (see Dartmouth story). To generate additional revenue, the school may boost admission by 50 to 100 students.
Avila University gets $1.2 million for fundraising school
Avila University received a $1.2 million gift from Hartsook Companies, a fundraising consultancy, to create the Hartsook Institute for Fundraising, Bizjournals reported Dec. 2. The Kansas City-based school, which is a long-time client of Hartsook, will offer a master’s degree in management, with a focus on fundraising.