News from elsewhere

Virginia governor-elect Glenn Youngkin has donated $ 52.6 million, or about 40% of his $ 127 million income, over the past five years to charity, according to reports his campaign released after last week’s elections. From 2016 to 2018, Form 990 filings show that Youngkin and his wife, Suzanne, donated around $ 23 million to the Phos Foundation, a religious non-profit organization founded by the couple in 2016. Almost all of the assets of Phos in 2019 were two limited liability companies, which in turn own the property on which the Youngkins Church and a Christian retreat center is located. “In all of the available annual tax returns of the Phos Foundation, except one – for the years 2016, 2017 and 2018 – the foundation has paid well less than 5% of its total assets, which may not meet the requirement according to which private foundations disperse at least 5% of the total fair market value of their assets in grants and related expenses each year, ”Forbes reported in September. The campaign would not disclose other recipients. Youngkin resigned last year as co-CEO of private equity firm Carlyle Group. (Washington Post)

A successful gift from the former CEO and Chairman of Citigroup Sanford I. “Sandy” Weill and his wife, Joan, to the University of California, San Francisco in 2016 has already changed lives. When the Weills gave the university $ 185 million for brain research, they aimed to create a center that combines cutting-edge research with real-world applications, and they hoped to help de-stigmatize mental health. Even before the UCSF Weill neuroscience building was completed, scientists and doctors at UCSF Weill’s Neuroscience Institute had implanted devices in the brains of two people that allowed one to speak. for the first time since suffering a stroke in 2003 and relieving another with “treatment-resistant severe depression. The Weills also donated $ 106 million in 2019 to form a center where neurology researchers from the ‘UCSF, UC Berkeley, and the University of Washington could collaborate, and Joan Weill has helped researchers in neuroscience, neurosurgery, and psychiatry make informal connections. (Forbes)

No more news

• What a $ 50 million donation did for an HBCU (New York Times). More: Learn more about the impact of MacKenzie’s Scott giveaways.)
• Young women lead protests against the climate. Guess who is leading the global discussions? (New York Times)
• Seattle Humane breaks promises made in $ 30 million campaign for new resort (Seattle Times)
• ‘Decade of Lost Growth’: Study Shows Financial and Social Impact on Denver Arts, Culture and Science Nonprofits During Pandemic (CBS Denver)

About innovation

• News organizations can learn from charities (Nieman Lab)
• Visual Art for the Visually Impaired: Philly Museum Testing New Ways to Experience Paintings (WHYY)