Templeton Foundation Anticipates Big Asset Gain Following Founder’s Death
The $1.3-billion John Templeton Foundation may see its assets increase by 50 percent by the end of 2009, following the death this month of its founder, Sir John M. Templeton, the mutual-fund pioneer. Mr. Templeton, a billionaire whose foundation focuses to a large degree on reconciling science and…
By Ben Gose
Senior Editor
Foundation’s Value Falls Sharply
Value of big Utah foundation falls sharply
By Ben Gose
Senior Editor
Leader of Mott Foundation Charged in Lawsuit by Sugar-Company Employees
Descendants of Charles Stewart Mott, the industrialist who created the foundation that bears his name, have been accused of cheating employees at a sugar company out of an opportunity to sell shares in their retirement plan at an attractive price, the employees allege in a class-action lawsuit.…
By Ben Gose
Senior Editor
Missouri Governor Urges Foundation to Make Big Investment in State Programs
Missouri Gov. Matt Blunt is pressuring the Missouri Foundation for Health, a supporter of local nonprofit health organizations in the state, to start providing nearly as much as it gives away each year to help cover the cost of state programs. The $1.3-billion foundation, in St. Louis, has rejected…
By Ben Gose
Senior Editor
Longtime Microsoft Executive Is Chosen to Lead Gates Foundation
The Bill & Melinda Gates Foundation has tapped Jeffrey S. Raikes, a Microsoft executive, to lead the world’s ALSO SEE: BIO: About Jeffrey S. Raikes, chief executive of the Bill & Melinda Gates Foundation largest foundation as it embarks on a period of rapid growth and grapples with criticism of its…
By Ben Gose
Senior Editor
For Retired Investor, Catholic-Schools Gift Was a ‘Bargain’ He Couldn’t Refuse
Robert W. Wilson, one of America’s most-generous philanthropists, retired from hands-on investing in 1986, ALSO SEE:ARTICLE: Having His Say but his experiences in the stock market still influence his giving. With any large gift, he typically makes a matching grant. He believes that if a charity…
By Ben Gose
Senior Editor
New York Robert W. Wilson was a daring professional investor and made huge profits speculating on small companies, ALSO SEE: ARTICLE: For Retired Investor, Catholic-Schools Gift Was a ‘Bargain’ He Couldn’t Refuse LIST: Robert W. Wilson’s Gifts: A Sampling of Donations while simultaneously betting…
By Ben Gose
Senior Editor
Montana Court Ousts Board of Museum
The Montana Supreme Court last month ousted the board of the Charles M. Bair Family Museum, in Martinsdale, after finding it had violated its fiduciary duties by not spending enough money to give the museum a chance to succeed. The court found that the Board of Advisers had disregarded the language…
By Ben Gose
Senior Editor
Gates Foundation Picks Microsoft Veteran as New CEO
Gates Foundation picks Microsoft veteran as new chief executive
By Ben Gose
Senior Editor
Marketing Expert Picked to Lead Red Cross
The new president of the American Red Cross called the charity “an incredibly powerful brand” that continues to appeal to the American people despite the “hits” it has taken in recent years. “This is a brand to die for,” Gail J. McGovern, who has been a marketing professor at the Harvard Business…
By Ben Gose
Senior Editor