News

For-Profit Philanthropy: Investing For Impact

2015 Forbes Philanthropy Summit Panel – Is the best, most sustainable way to give back not pure philanthropy but rather putting money in for-profit businesses with a social purpose? Or is impact investing what Marc Andreessen termed a “houseboat”

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Double Duty Dollars: Behind The Crazy Idea That Investors Can Make Money And Change The World At The Same Time

By Lauren Gensler (Forbes) – In 2001, after 29 years cultivating Napa’s Silver Oak Cellars and its iconic cabernet sauvignon, Justin and Bonny Meyer sold their 50% stake to partner Ray Duncan for $110 million.

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Why a Big Give for “DREAMers” Should Make You More Hopeful About Elite Philanthropy

By Sue-Lynn Moses (Inside Philanthropy) – There’s a fair amount of cynicism out there about the philanthropy of America’s wealthy elites, and nowhere is that more true than when it comes to giving for education.

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PRESS RELEASE: Pershing Square Foundation Establishes $10 Million Endowment to Support CSHL Life Science Research

COLD SPRING HARBOR, N.Y.–(BUSINESS WIRE)–Cold Spring Harbor Laboratory (CSHL) announced today that The Pershing Square Foundation (PSF) has awarded the institution $10 million to support its leading biology and genetics research and education programs.

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The Logic Behind a Push to Support Underfunded Young Cancer Researchers

By Sue-Lynn Moses (Inside Philanthropy) – Well, here we are again. It’s late spring, and the Pershing Square Sohn Cancer Research Alliance recently announced the winners of the 2015 Pershing Square Sohn Prize for Young Investigators in Cancer Research.

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PRESS RELEASE – Robin Hood Donors Contribute More Than $101 million To Fight Poverty: Paul McCartney Rocks Sold-Out Audience

NEW YORK, May 13, 2015 /PRNewswire/ — At its annual benefit last night, over 4,000 Robin Hood supporters came together to raise more than $101 million for organizations serving New Yorkers in need. This is the largest amount ever raised by Robin Hood and is the largest single fundraiser in the country.

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Star-studded Robin Hood Foundation galas raise $101M

By James Covert (The New York Post) – The Robin Hood Foundation raised a jaw-dropping and record-setting $101 million at its gala Tuesday night — and now it’s bent on raising a new generation of philanthropists as well.

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The Robin Hood Gala Raised a Record $101 Million in a Single Evening

By Amanda L. Gordon (Bloomberg) – What was the forecast for the night? “Rain,” said David Tepper in the cocktail hour of the Robin Hood Foundation’s annual benefit. In other words, what he and fellow board member David Puth predicted would be the biggest night yet for the poverty-fighting organization.

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Baraka receives $1.5 million check for summer youth employment program

By Politicker Staff (Politicker NJ) – Mayor Ras J. Baraka, the Newark Municipal Council, and the City of Newark accepted a symbolic $1.5 million check from the Foundation for Newark’s Future President and CEO Kimberly Baxter McLain today, in the First Floor Rotunda, at City Hall, at 920 Broad Street.

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PRESS RELEASE: Measures for Justice Receives $3.1 Million From Pershing Square Foundation to Develop a New Way of Tracking Criminal Justice System Performance

NEW YORK – NY – May 11, 2015 – As a nationwide, bi-partisan push is underway to reform the broken criminal justice system, The Pershing Square Foundation announced today a $3.1 million grant in support of Measures for Justice (MFJ)

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