September 24, 2009, The Chronicle of Philanthropy - The businessman Raymond A. Rich has bequeathed a 60-acre estate valued at approximately $75-million to Marist College, in Poughkeepsie, N.Y., along with a $10-million cash gift. Mr. Rich, who lived primarily in Boca Raton, Fla., died in June at 97.
BOSTON, September 22, 2009, Reuters — Yale University said on Tuesday that its endowment produced an investment loss of 24.6 percent in the fiscal year ended June 30, when big bets on private equity holdings, real estate and commodities soured.
NEW BRUNSWICK, September 17, 2009, The Star-Ledger — Despite one of the worst economic climates in decades, Rutgers University has received record donations from people and foundations.
ROMEOVILLE, September 17, 2009 — Lewis University hosted its 11th annual Signum Fidei Celebration Saturday, Sept. 12, at the historic Palmer House Hilton in Chicago, a perfect setting for the history-making launch of the $30 million Campaign for Lewis University: Touching Hearts and Minds. More than 500 guests enjoyed the gala event which included a reception, silent and live auctions, raffle, elegant dinner, entertainment and the presentation of the annual Signum Fidei Award to William Rybak, Lewis alumnus and Chair Emeritus of the Lewis University Board of Trustees.
WASHINGTON, September 16, 2009 — The Aldine Independent School District (AISD) outside Houston won the 2009 Broad Prize for Urban Education, the largest education award in the country, and as a result will receive $1 million in college scholarships, The Eli and Edythe Broad Foundation announced today.
IRVINE, Calif., September 15, 2009 — The University of California, Irvine today announced the William and Flora Hewlett Foundation has provided $320,000 in grant support to further develop the University’s OpenCourseWare (OCW) program and to advance the Open Education Resources Movement (OER) which it serves. With this funding, the University will expand existing free online courses and programs, and create new content—all available free of charge, to learners across the globe.
New York, September 16, 2009 — The Foundation Center today announced the launch of "Foundations for Education Excellence," a national initiative it is supporting to engage philanthropic institutions and education leaders across the country in a unified, strategic drive to improve public education. The cornerstone of this initiative is a new online resource center that will help education funders align their grantmaking — and maximize their overall impact — with funds available through the American Recovery and Reinvestment Act (ARRA).
September 13, 2009, The Times-Picayune — Tulane raised $730.6 million in its most recent fundraising drive, which paid for, among other things, construction of a residence hall, photographed in March 2005.
Bentonville, Ark., September 15, 2009 — To help offset rising expenses for classroom supplies this back-to-school season, Walmart and Sam's Club have launched Teacher Rewards, a new program to provide more than $4 million to 40,000 deserving teachers across the United States. On average, teachers spend more than $500 a year out of their own pockets for classroom supplies, according to the American Federation of Teachers. Statistics like these inspire Walmart and Sam's Club associates to continue supporting education and teacher recognition in their local communities.
Mooresville, N.C., September 15, 2009 — At a time when schools are forced to slash budgets, cut staff and cancel programs, Lowe's and the Lowe's Charitable and Educational Foundation announced today they are continuing their commitment to K-12 public education by dedicating more than $2.5 million in additional grants to schools and communities in the United States and Canada. The grants will be given to schools and non-profit organizations facing fundamental needs in difficult economic times.
