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Weekly update from PND

October 1, 2021

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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.
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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.
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MacArthur Foundation announces 2021 fellows
September 29, 2021
The John D. and Catherine T. MacArthur Foundation has announced its 2021 class of MacArthur Fellows.

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.
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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.
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Tags: higher education; Novel coronavirus (COVID-19); Giving