More people seen wanting to give to charity
The global head of philanthropic services at J. P. Morgan Private Bank says that, with the economy and financial markets recovering from the 2008 crash, more people want to give to charity, including emerging philanthropists, especially women, as well as people who are stepping up their giving, The New York Times reported Oct. 20 (see growth in giving story).
UC Davis launches $1 billion campaign
The University of California at Davis is kicking off the public phase of a campaign to raise $1 billion, and already has over $605 million in pledges during its quiet phase, which started in 2006, the Sacramento Press reported Oct. 21 (see UC Davis campaign story).
Princeton shrinking investment in leveraged buyouts
Princeton University, the third-wealthiest school in the U.S., plans to drop half of its private-equity managers as it reduces investments in leveraged buyouts, Bloomberg reported Oct. 22 (see Princeton endowment story).
Indian billionaire creating $1 billion endowment for education
Azim Premji, billionaire founder of Wipro, is starting an endowment trust with $1 billion in capital to support initiatives for improving education standards and to upgrade teaching methods, Forbes reported Oct. 20 (see India billionaire story).