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Columbia University and Stanford University
~ January 31, 2012
The former editor of Cosmopolitan, Helen Gurley Brown, has pledged $30-million to Stanford and Columbia Universities to develop technological innovations in journalism, according to The New York Times and the San Francisco Chronicle.
Stanford’s School of Engineering and the Columbia Journalism School will split $24-million to establish the David and Helen Gurley Brown Institute for Media Innovation, to be housed on both campuses. Columbia will get an additional $6-million to create a high-tech newsroom on its New York campus.
The institute, named for the donor and her late husband, the movie mogul David Brown, will team young journalists at Columbia with computer scientists at Stanford in Northern California to develop new multimedia strategies for gathering and delivering news.
Kalamazoo College
~ January 18, 2012
Kalamazoo College has received a $23-million grant from the Arcus Foundation to support the Michigan school’s programs to develop leaders in social justice, according to The Kalamazoo Gazette. The gift, the largest in the 179-year-old college’s history, will endow scholarships, two faculty chairs, and other programs at the school’s planned Arcus Center for Social Justice Leadership.
Juilliard School
~ January 17, 2012
The leader of the Juilliard School’s board has pledged $20-million to the institution to endow its graduate-level program in early music, reports The New York Times.
The gift from Bruce Kovner is unusually large in the area of early-music study “whose practitioners typically struggle to stay a step ahead of poverty,” the Times writes.
Mr. Kovner, a former chairman of hedge fund Caxton Associates, has funded Juilliard’s curriculum in historical performance to the tune of $500,000 to $1-million a year since 2009 and in 2006 gave the school a priceless collection of music manuscripts.
University of Louisville
~ December 20, 2011
The University of Louisville has received the largest pledge in its history, $25-million from liquor magnate and school trustee Owsley Brown Frazier, The Courier-Journal reports.
Most of the gift, to be paid within three years, will be put toward medical research, said Jim Ramsey, president of the Kentucky university, who says he will use the gift to try to attract $75-million in matching grants.
Mr. Frazier, the retired vice chairman of wine and spirits maker Brown-Forman Corp., earned law and business-administration degrees at Louisville. He is chairing the school’s $1-billion capital campaign, which with his gift has reached the $582-million mark.
Cornell University
~ December 16, 2011
Cornell University has received $350-million from an anonymous donor to support its bid to create an applied-science and technology campus in New York.
The institution is part of a high-stakes competition to get the rights to build a campus in New York City, and its announcement of the gift today was widely viewed as a way to cement its front-runner status after Stanford, the other top contender, announced earlier Friday that it would drop out of the bidding.
Winning the right to create the campus is a big plum for universities: New York City promised to provide land and as much as $100-million to finance the campus. Cornell announced in October that it planned to join forces with Technion-Israel Institute of Technology to establish the new campus.
