By Caroline Preston (The Chronicle of Philanthropy) – Mr. Ackman, 44, and his wife, Karen, gave $58-million to the Pershing Square Foundation in 2010, which they created in 2006 to support education, human rights, social entrepreneurship, and other causes. They contributed an additional $1.3-million to 50 other nonprofits.
By Miriam Kreinin Souccar (Crains New York Business) – The Center for Jewish History, a nonprofit that houses the largest repository of Jewish history outside the state of Israel, announced Monday it has raised $30 million to pay off its longstanding debt.
By Stephanie Strom (The New York Times Online Edition) – Few nonprofits groups have dared embark on a capital campaign since the financial crisis started. But the Center for Jewish History, which serves as the umbrella for the largest collection of documents, photographs, books and other materials related to the Jewish experience, had little choice.
By Christine Richard (Bloomberg) – Bill Ackman’s first tour of Newark ended at aspiring Mayor Cory Booker’s apartment in a housing project plagued by drug dealers and rats. The hedge fund manager still recalls a sinking feeling as graffiti-covered elevator doors closed and they rode to the 16th floor in pitch darkness.
By Barbara Martinez (The Wall Street Journal) – Newark Mayor Cory Booker is expected to announce Monday that he has raised $40 million of the $100 million needed to match a grant put forth last week by Facebook founder Mark Zuckerberg to help Newark schoolchildren.