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From 1985 to 1990, Jackson made substantial donations to the United Negro College Fund (UNCF), [25] endowing $1.5 million to that organization in 1986 to set up the "Michael Jackson UNCF Endowed Scholarship Fund", aimed toward assisting students majoring in performance arts and communications, with money given each year to students attending a ...
During its first ten years, the foundation awarded grants of approximately $15.3 million. [22]The foundation's endowment kept growing considerably, with Flora Hewlett's estate bolstering it to more than $300 million in 1981 and the foundation's assets reaching more than $800 million by the 1990s, an increase of more than 30 times.
In January 1990, an anonymous tipster sent a note on United Way of America letterhead to several United Way directors, including the board chairman Edward A. Brennan, alleging that United Way of America CEO William Aramony had affairs with two sisters (one of which was a teenager) and he was using the charity's money to keep the women quiet ...
Philanthropy in the United States is the practice of voluntary, charitable giving by individuals, corporations and foundations to benefit important social needs. Its long history dates back to the early colonial period, when Puritans founded Harvard College and other institutions.
Venture philanthropy is a type of impact investment that takes concepts and techniques from venture capital finance and business management and applies them to achieving philanthropic goals. [ 1 ] [ 2 ] The term was first used in 1969 by John D. Rockefeller III to describe an imaginative and risk-taking approach to philanthropy that may be ...
In the 1990s, Western donors' emphasis on HIV/AIDS in Africa resulted in chronic under-funding of less-visible conditions like pneumonia, anemia and diarrhea. Zuckerberg's donation in Newark resulted in public schools being closed and some kids having to walk through rough neighborhoods to charter schools far from their homes.
The Atlantic Philanthropies (AP) was a private foundation created in 1982 by American businessman Chuck Feeney.The Atlantic Philanthropies focused its giving on health, social, and politically left-leaning public policy causes in Australia, Bermuda, Ireland, South Africa, the United States and Vietnam. [3]
By the mid-1990s, Esmor had expanded far beyond its New York City origins, winning contracts to manage a boot camp for young boys and adults outside of Forth Worth, Texas, and immigration detention centers in New Jersey and Washington state. As the company grew and sought more contracts, executives hired knowledgeable government insiders.