Latest Endowments News

Brown expands student aid after endowment, fundraising haul

Oct. 25, 2021 12:11 PM EDT

PROVIDENCE, R.I. (AP) — Brown University will expand financial aid for students and work to improve college access following lucrative hauls from its endowment and a fundraising campaign, the Ivy league school announced Monday. The Providence, Rhode Island-based school...

North Carolina college receives record $200 million gift

Oct. 22, 2021 08:21 AM EDT

SALISBURY, N.C. (AP) — An anonymous donor has given a North Carolina college $200 million for its endowment, the largest gift in its history, officials announced. Catawba College, with an enrollment of 1,200, announced the gift on Thursday. The school is located in...

Ford Foundation to divest millions from fossil fuels

Oct. 18, 2021 16:32 PM EDT

The Ford Foundation, one of the largest private foundations in the United States, announced Monday that it will divest millions from fossil fuels, following similar investment decisions made by other sizable foundations in recent years. For years, climate activists have...

Hanover unveils state's largest municipal solar array

Oct. 16, 2021 14:51 PM EDT

HANOVER, N.H. (AP) — New solar arrays in Hanover are expected to generate enough electricity to meet nearly 100% of the town's municipal electricity needs through group metering. The town unveiled two adjacent ground-mounted arrays consisting of more than 4,000 panels...

Harvard's largest-in-the-nation endowment surpasses $53B

Oct. 14, 2021 14:10 PM EDT

CAMBRIDGE, Mass. (AP) — Harvard, already the nation's wealthiest university, grew its endowment to more than $53 billion in the latest fiscal year, the Ivy League school reported in its annual financial report released Thursday. The $11.3 billion in growth over the the...

Brown's endowment grows to about $6.9B

Oct. 14, 2021 13:31 PM EDT

PROVIDENCE, R.I. (AP) — Brown University's endowment generated a more than 50% return during the most recently completed fiscal year to increase to $6.9 billion, the Ivy league school announced Thursday. Strong financial markets that boosted results for many...

Foundations back new effort to ignite Americans' generosity

Oct. 14, 2021 10:24 AM EDT

In a new effort backed by more than $2 million in grants from the nation’s biggest foundations, a group of philanthropy leaders Tuesday announced the public kickoff off a campaign to drive greater giving of time and money, especially from middle- and low-income Americans. Noting that...

Biden announces nominees for humanities and arts endowments

Oct. 05, 2021 18:32 PM EDT

WASHINGTON (AP) — President Joe Biden on Tuesday announced his picks to head the National Endowments for the Humanities and the Arts, tapping a Harvard University scholar and an Arizona State University professor to oversee the federal agencies. If confirmed by the...

Black colleges' funding hopes dim amid federal budget battle

Oct. 05, 2021 14:09 PM EDT

LOUISVILLE, Ky. (AP) — Optimism for transformational funding for the nation’s historically Black colleges was running high after the Biden administration included $45 billion for the schools in its massive multitrillion dollar spending plan. That outlook quickly...

Foundations aim to persuade Americans to get vaccinated

Oct. 01, 2021 15:40 PM EDT

For months, Maria Cristina was hesitant about getting a COVID-19 vaccine. Her fears came from social media, where she heard ample amounts of misinformation about what was in the vaccine and what it could do to her. The 35-year-old Guatemalan immigrant was confused until...