Fewer wealthy donors make big gifts
While over 50 billionaires they eventually would give at least half of their wealth to charity as part of the “giving pledge” promoted by Warren Buffett and Bill Gates, says a new ranking by the Chronicle of Philanthropy of the 50 most-generous donors in America, few made big gifts in 2010, with donors on list giving a total of $3.3 billion, the smallest amount since the survey began tracking the biggest donors in 2000, Crain’s New York reported Feb. 7 (see wealthy donors story).
Big donors invest in Catholic schools, and want to be more involved
Wealthy donors quietly have begun investing in Roman Catholic schools, while also wanting to get more involved in the schools by asking to see school budgets, student reading scores and principals’ job evaluations, The New York Times reported Feb. 6 (see Catholic schools story).
Knight giving $5 million to Northwestern to create digital media lab
The John S. and James L. Knight Foundation is giving $5 million to the journalism and engineers schools at Northwestern University to create a media lab that aims to develop new and better digital tools for news gathering,the Associated Press reported Feb. 3 (see media lab story).
Red Cross in China raises $152 million
Over 21 million poor and disaster-affected Chinese have benefited from a special Red Cross Society of China program that raised over 1 billion yuan, or $152 million, for the Red Cross Philanthropy Activities program since it was launched in 1999, Xinhua reported Feb. 5 (see Chinese philanthropy story).