Buffett Siblings’ Giving Is More Ambitious in Wake of Big Infusion
A year ago, when Warren E. Buffett pledged a billion dollars’ worth of stock in his holding company, Berkshire ALSO SEE:ARTICLE: An Emerging LegacyARTICLE: Surge of Employees at Gates Foundation Brings New ChallengesARTICLE: Charity’s Colorful Style Wins Warren Buffett’s SupportARTICLE: Melinda…
By Ben Gose
Senior Editor
One year ago, the nonprofit world changed forever. In a stunning announcement, Warren E. Buffett, ALSO SEE:ARTICLE: Surge of Employees at Gates Foundation Brings New ChallengesARTICLE: Buffett Siblings’ Giving Is More Ambitious in Wake of Big InfusionARTICLE: Charity’s Colorful Style Wins Warren…
By Ben Gose and Ian Wilhelm
More Endowments Hedge Their Bets Against Market Conditions
Hedge funds have bolstered the returns at the biggest endowments in recent years, and that success ALSO SEE:DATABASE: Endowments at Nonprofit OrganizationsTABLE: Endowments at 72 organizations that support nonprofit groupsARTICLE: Strong Endowment GrowthARTICLE: Key Results of The Chronicle’s…
By Ben Gose and PETER PANEPENTO
Charity Urges Colleges to Focus on ‘Sustainability’ of Their Endowments
Colleges are increasingly focused on sustainability — by erecting environmentally friendly buildings ALSO SEE:DATABASE: Endowments at Nonprofit OrganizationsTABLE: Endowments at 72 organizations that support nonprofit groupsARTICLE: Strong Endowment GrowthARTICLE: Key Results of The Chronicle’s…
By Ben Gose
Senior Editor
Diversification of assets helps charities achieve 11.7% gainThe University of Richmond’s $1.39-billion endowment, like so many of the nation’s largest endowments, ALSO SEE: DATABASE: Endowments at Nonprofit Organizations TABLE: Endowments at 72 organizations that support nonprofit groups ARTICLE:…
By Ben Gose, Maria Di Mento and PETER PANEPENTO
Princeton University Returns Small Part of Donation Ensnared in Court Battle
Princeton University last week reimbursed $782,375 to the Robertson Foundation, a fund that endowed the Woodrow Wilson School of Public and International Affairs ALSO SEE:ARTICLE: ‘Fortune': Battles Over Donors’ Intentions and has been at the center of a dispute between the university and heirs of…
By Ben Gose
Senior Editor
An oil-company founder places a bet on Denver’s needy students Tim Marquez co-founded an oil company, Venoco, with $3,000 in 1992, and turned that investment into ALSO SEE: DATABASE: America’s Most-Generous Donors ARTICLE: Record-Breaking Giving ARTICLE: How The Chronicle’s Survey of Last Year’s…
By Ben Gose
Senior Editor
Executive Embraces Challenge of Creating Top-Tier Pediatric Clinics
Kelby K. Krabbenhoft has overseen a decade of rapid growth here at Sioux Valley Hospitals and Health System, but ALSO SEE:ARTICLE: Great Plains Generosity that’s nothing compared with his vision for the future. The system, renamed Sanford Health this month following a $400-million gift from the…
By Ben Gose
Senior Editor
A little-known billionaire gives $400-million to S.D. hospital When the head of a South Dakota hospital system paid him a visit in late 2005, T. Denny Sanford had no idea he was about to be asked to make one of the largest gifts ever to a medical institution. Kelby K. Krabbenhoft had told Mr.…
By Ben Gose
Senior Editor
Republicans give a bigger share of their incomes to charity, says a prominent economist It’s been a tough month for conservatives, with the Republican Party losing control of both houses of Congress, but a new book ALSO SEE: TEXT: How to Increase Giving ARTICLE: How an Author’s Views on Giving…
By Ben Gose
Senior Editor