St. Thomas Church in New York is considering closing its renowned boarding school for choristers, one of only a few in the world, because of financial woes.
Category: Philanthropy
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Stephen Adams, Who Made Yale Music School Tuition-Free, Dies at 86
A billionaire businessman and a late-blooming piano aficionado, he set a record with the anonymous $100 million gift that he and his wife gave the school.
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San Francisco Art Institute Campus, With Rivera Mural, Sold
The sale includes a 1931 Diego Rivera mural, which has been valued at $50 million.
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San Francisco Art Institute, With Diego Rivera Mural, Is Sold to Nonprofit
The sale includes a 1931 Diego Rivera mural, which has been valued at $50 million.
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Center for Public Integrity Weighs Merger or Shutdown Amid Dire Financial Straits
The nonprofit had a budget shortfall of roughly $2.5 million last year amid a difficult market for fund-raising.
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Jacob Rothschild, Banker, Financier and Philanthropist Dies at 87
The fourth Baron Rothschild, he left the family banking dynasty to start his own company, becoming a powerful financier, patron of the arts and philanthropist.
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With $60 Million Gift, San Francisco Ballet Plans Focus on New Works
The transformative contribution, from an anonymous donor, is the largest in the company’s 91-year history and one of the biggest ever to an American dance group.
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Patagonia Is Spending Millions on Conservation and Politics
$71 million of the clothing company’s earnings have been used since September 2022 to fund wildlife restoration, dam removal and Democratic groups.
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Met Opera Taps Its Endowment Again to Weather Downturn
The company has withdrawn nearly $40 million in additional funds from its endowment to cover expenses, but sees signs it may be emerging from its post-pandemic woes.