A weekly update with the latest news from PND
$170 million in challenge grants for low-income, undocumented students
September 30, 2021
The Schuler Education Foundation has awarded a first round of challenge grants totaling $170 million to five colleges in support of financial aid for low-income and/or undocumented students.
The Schuler Access Initiative, biotech entrepreneur Jack Schuler's ten-year, $500 million effort to boost enrollment among undocumented and low-income students at up to twenty liberal arts colleges, has committed $50 million to Bates College in Lewiston, Maine; $50 million to Carleton College in Northfield, Minnesota; $25 million to Kenyon College in Gambier, Ohio; $25 million to Tufts University in Massachusetts; and $20 million to Union College in Schenectady, New York. Each institution will be required to match the grant 1:1 over the next five years to provide permanent endowment funds for expanded financial aid for students who are eligible for Pell Grants, low income, and undocumented or have DACA status.
Affluent households gave 48 percent more in 2020 than in 2017
September 30, 2021
Charitable giving by affluent Americans in 2020 averaged $43,195, a 48 percent increase over $29,269 in 2017, a report from Bank of America and Indiana University Lilly Family School of Philanthropy finds.
Based on a survey of 1,626 U.S. households with a net worth of at least $1 million (excluding the value of their primary home) and/or annual household income of at least $200,000, The 2021 Bank of America Study of Philanthropy: Charitable Giving by Affluent Households (123 pages, PDF) found that 88.1 percent of respondents gave to charity in 2020, comparable to survey results from 2017 and 2015.
Twenty-five artists, scholars, and scientists working in fields ranging from civil rights to computational virology to geomorphology to the performing and visual arts were selected based on three criteria: exceptional creativity, promise for important future advances based on a track record of significant accomplishments, and potential for the fellowship to facilitate subsequent creative work. Popularly known as the "genius grants," each fellowship includes a "no strings attached" stipend of $625,000 paid out over five years.
LEGO Foundation commits $150 million for COVID-19 relief
September 28, 2021
The LEGO Foundation has announced a $150 million commitment in support of children and families across the world affected by the COVID-19 pandemic.
The commitment includes $70 million to UNICEF to boost access to vaccines and health supplies in vulnerable communities around the world and $80 million in support of the foundation's partners working with children to accelerate ongoing COVID-19 recovery, including BRAC. According to the foundation, while children's "lost learning"—due to school closures, lack of access to learning opportunities, and COVID-19 restrictions—has been widely reported, the full scale of the impact remains largely unknown. The commitment was announced during a recent Global Citizen Live event and is in addition to a $50 million commitment announced in March 2020.