United Way of Delaware gets $2 million gift
A former DuPont Co. executive left $2 million to United Way of Delaware, which will put the money into its endowment fund, where the organization will benefit from the interest the gift generates, The News Journal reported Nov. 1 (see United Way story).
Hawaii Community Foundation launching online initiative
With over 10,000 nonprofits in Hawaii, most of them struggling to survive and many operating in isolation, the Hawaii Community Foundation is set to launch an Internet-driven initiative to create a new community of givers, volunteers and organizations, Hawaii Business reported in its November issue (see Hawaii charity story).
Cornell names new chief investment officer
Cornell University named Michael Abbott, former CEO and head of the investment committee at Robeco-Sage, the fund-of-funds firm owned by Rotterdam-based Robeco Group, as chief investment officer to oversee the school’s $4.4 billion endowment, Bloomberg reported Nov. 1 (see Cornell endowment story).
University of Chicago gets $5 million for medical center
The medical center at the University of Chicago received $5 million from the Robert R. McCormick Foundation, the Associated Press reported Nov. 2 (see University of Chicago story).