Latest Endowments News

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...

Women, minorities manage 17% of major foundations' assets

Sep. 30, 2021 14:09 PM EDT

Less than 20% of the assets held by major foundations is invested by outside firms run by women or people of color, according to a report released Thursday. Commissioned by the Knight Foundation, the report found that 30 of the largest grantmakers deployed a total of $11...

Cleveland Orchestra to get $50M grant from Mandel Foundation

Sep. 30, 2021 10:33 AM EDT

CLEVELAND (AP) — The Cleveland Orchestra will receive a $50 million grant from the Jack, Joseph and Morton Mandel Foundation, the largest gift in the history of the 103-year-old music organization. The orchestra said Thursday that $31.5 million will be dedicated to its...

Louisiana poet laureate's 1st reading online Wednesday

Sep. 26, 2021 12:03 PM EDT

NEW ORLEANS (AP) — The Louisiana Endowment for the Humanities is inviting people to join the new state poet laureate’s first public reading through two online venues. Mona Lisa Saloy will read her work at 7 p.m. Wednesday. People can watch on Facebook or register for...