Big gifts, family-foundation giving grow in Britain
A new report says 201 donations of 1 billion British pounds or more, or $1.6 billion or more, totaling over 1.5 billion pounds, or $2.4 billion, were made in Britain, up from 189 donations a year earlier, Civil Society reported Nov. 15 (see British charity story). A separate report says family foundations increased their giving to 1.4 billion pounds, or $2.24 billion, in 2008-09, up 40 per cent from 2005-06, Civil Society reported Nov. 10 (see family foundation story).
Gates Foundation ups stake in Berkshire Hathaway
The Bill & Melinda Gates Foundation increased its stake in Berkshire Hathaway to 9.1 percent in the third quarter, adding 17.9 million Berkshire shares as they gained 3.8 percent in the three months ended Sept. 30, Bloomberg reported Nov. 15 (see Gates Foundation story).
Harvard buys shares that track emerging markets
Harvard University bought shares of exchange-traded funds that track emerging markets in the third quarter, with the value of shares held by Harvard Management Co., the Boston-based company that oversees the school’s $27.6 billion endowment, growing to $1.54 billion as of Sept. 30 from $1.44 billion three months earlier, Bloomberg reported Nov. 12 (see Harvard investment story).