Latest Endowments News

NY urged to launch endowment for public universities

Nov. 22, 2021 16:28 PM EST

ALBANY, N.Y. (AP) — New York is facing calls from faculty to boost the state's public university system by launching a university endowment — a step dozens of other states have taken. Lawmakers on the state Senate higher education committee held a hearing Monday as...

Dillard: $5M gift to create civil rights, other internships

Nov. 21, 2021 13:14 PM EST

NEW ORLEANS (AP) — A historically Black university in New Orleans says a $5 million gift will create civil rights and public interest internships for students. Dillard University is getting the largest of seven donations announced Thursday by a law firm that...

Town sets goal to raise $200,000 to gain more funds

Nov. 21, 2021 10:59 AM EST

NELIGH, Neb. (AP) — In the 1970s, a group of people in Neligh began a foundation to help raise funds to support the town. It was called the Neligh Area Community Foundation. Over time, that morphed into the Neligh Area Community Fund, which is run by a committee of...

Fossil fuel divestment gains momentum in philanthropy

Nov. 01, 2021 09:58 AM EDT

A movement to divest from fossil fuel is gaining support among foundations as activists push for funding to be shifted away from coal, oil and natural gas. The call from activists to the charitable world is simple: Ditch fossil fuels and direct your investments into...

Amazon to give Tennessee State $800K for professorship chair

Oct. 29, 2021 04:08 AM EDT

NASHVILLE, Tenn. (AP) — Amazon is donating $800,000 to Tennessee State University for an endowed professorship chair in the computer science department. The historically Black university in Nashville said the money will fund the professorship for four years. ...

Former Halliburton CEO, wife donate to Montana Tech nursing

Oct. 26, 2021 13:34 PM EDT

BUTTE, Mont. (AP) — A former CEO of Halliburton and his wife have donated $7 million to the nursing program at Montana Tech. The gift from Dave and Sherry Lesar is the largest single gift in the history of the university, Chancellor Les Cook said Monday. ...

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...