Target focusing on helping kids read…

Nonprofit news roundup

Target focusing on helping kids read

Target will shift most of its 5 percent donation program to education, investing $500 million over five years mainly in efforts to get kids reading by the third grade, a total that will be the single largest charitable contribution in the retailer’s history and will double the amount it previously has invested in school programs, the Star-Tribune in Minneapolis reported Sept. 24 (see Target story).

Gates Foundation investing in college graduation

Aiming to double the number of low-income adults who get a college degree or credential that meets the demands of the job market by age 26, the Bill & Melinda Gates Foundation will give $3 million each over the next three years to New York City; San Francisco; Mesa, Ariz.; and Riverside, Calif., the Associated Press reported Sept. 27 (see Gates Foundation story).

MacArthur awards ‘genius awards’

The John D. and Catherine T. MacArthur Foundation awarded $500,000 so-called “genius awards” to 23 people, including David Simon, creator of the HBO series, The Wire, The New York Times reported Sept. 28 (see MacArthur grants story).

MIT endowment grows

The endowment at the Massachusetts Institute of Technology grew to $8.3 billion from $7.9 billion in the fiscal year ended June 30, The Boston Globe reported Sept. 27 (see MIT endowment story).

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