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A financial endowment is a legal structure for managing, and in many cases indefinitely perpetuating, a pool of financial, real estate, or other investments for a specific purpose according to the will of its founders and donors. Endowments are often structured so that the inflation-adjusted principal or "corpus" value is kept intact, while a portion of the fund can be spent each year, utilizing a prudent spending policy.
TheBarnes Foundation is an art collection and educational institution promoting the appreciation of art and horticulture. Originally in Merion, the art collection moved in 2012 to a new building on Benjamin Franklin Parkway in Philadelphia, Pennsylvania. The arboretum of the Barnes Foundation remains in Merion, where it has been proposed that it be maintained under a long-term educational affiliation agreement with Saint Joseph's University.
The John M. Olin Foundation was a conservative American grant-making foundation established in 1953 by John M. Olin, president of the Olin Industries chemical and munitions manufacturing businesses. Unlike most other foundations, it was charged to spend all of its assets within a generation of Olin's death, for fear of mission drift over time and to preserve donor intent. It made its last grant in the summer of 2005 and officially disbanded on November 29, 2005. It had disbursed over $370 million in funding, primarily to conservative think tanks, media outlets, and law programs at influential universities. It is most notable for its early support and funding of the law and economics movement and the Federalist Society. "All in all, the Federalist Society has been one of the best investments the foundation ever made," wrote the Foundation to its trustees in 2003.
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Bloomberg Philanthropies is a philanthropic organization that encompasses all of the charitable giving of founder Michael R. Bloomberg. Headquartered in New York City, Bloomberg Philanthropies focuses its resources on five areas: the environment, public health, the arts, government innovation and education. According to the Foundation Center, Bloomberg Philanthropies was the 10th largest foundation in the United States in 2015, the last year for which data was available. Bloomberg has pledged to donate the majority of his wealth, currently estimated at more than $54 billion. Patti Harris is the CEO of Bloomberg Philanthropies.
Lenny Feinberg is an American movie producer, real estate investor, and owner of MAJ Productions, a documentary film production company based in Philadelphia, Pennsylvania. Feinberg has been active as a documentarian since the mid-2000s, when he executive produced his first film, The Art of the Steal.
Donald Kimelman is an American journalist and former managing director of The Pew Charitable Trusts, who continues to serve on the Pew Research Center's board. He is the son of Henry L. Kimelman, who served as United States Ambassador to Haiti.
The M.J. Murdock Charitable Trust is a private, non-profit foundation based in Vancouver, Washington.
Laura Arnold is an American philanthropist and co-founder of Arnold Ventures LLC. In addition to serving as co-chair of Arnold Ventures, Arnold became a founding partner of the REFORM Alliance, a national criminal justice advocacy organization in 2019. Prior to her work in philanthropy, she was a mergers-and-acquisitions lawyer and an executive at Cobalt International Energy.
References
- ↑ "Rebecca W. Rimel". Pew Charitable Trusts. Retrieved 16 August 2014.
- ↑ "Rebecca W Rimel, Pew Charitable Trusts: Profile and Biography - Bloomberg Markets". Bloomberg.com. Retrieved 2020-10-25.
- ↑ "APS Member History". search.amphilsoc.org. Retrieved 2021-07-15.
- ↑ ""Art of the Steal" raises tough questions about donor intent". Philanthropy Today. 2 May 2019. Retrieved 27 May 2023.
- ↑ ""Art of the Steal" raises tough questions about donor intent". Philanthropy Today. 2 May 2019. Retrieved 27 May 2023.
