Endowment

$10 million Canadian Artists in Venice Endowment Closed

Retrieved on: 
Wednesday, April 3, 2024
Endowment, Chair, Longevity, Patronage, National Gallery, NGC, Canadian Pavilion, Venice Biennale, Ecosystem, National Gallery of Canada

OTTAWA, ON, April 3, 2024 /CNW/ - The National Gallery of Canada Foundation announced today the successful closure of its $10-million Canadian Artists in Venice Endowment.

Key Points: 
  • OTTAWA, ON, April 3, 2024 /CNW/ - The National Gallery of Canada Foundation announced today the successful closure of its $10-million Canadian Artists in Venice Endowment.
  • The Canadian Artists in Venice Endowment was launched in 2015 with a mission to serve as a future-focused financial model in support of artists representing Canada at the career-defining Biennale.
  • Yearly investment income from the Endowment provides sustainable funding in perpetuity for Canada's artists exhibiting their work at the Canada Pavilion in Venice.
  • The National Gallery of Canada Foundation began fundraising for the Canadian Artists in Venice Endowment in 2015, and just shy of a decade later, the Endowment Patrons have generously empowered Canadian artists in perpetuity at the Biennale through the establishment of a self-sustaining financial model.

BRENDA SOLÓRZANO NAMED PRESIDENT/CEO OF THE CALIFORNIA ENDOWMENT

Retrieved on: 
Friday, March 22, 2024
Endowment, Health equity, Partnership, History, University, Whittier Law School, TCE, River source, Blood

Solórzano is a familiar face to The California Endowment, having begun her career in health philanthropy at the foundation in 2001.

Key Points: 
  • Solórzano is a familiar face to The California Endowment, having begun her career in health philanthropy at the foundation in 2001.
  • "The California Endowment is where I learned the value of centering community in philanthropic work, and it is something I have carried throughout my career," said Solórzano.
  • "Brenda Solórzano exemplifies what TCE stands for and is working to build an inclusive California where everyone belongs.
  • Benda Solórzano will take over the reins at The California Endowment in early September 2024.

The Duke Endowment Celebrates a Century of Philanthropy to the Carolinas and Announces $175 Million in Higher Education Grants

Retrieved on: 
Thursday, January 18, 2024
Student, Learning, Employment, Endowment, The Duke Endowment, Health, Duke, Knowledge, Partnership, Trust, School, Faculty, University, Mentorship, Trustee, Duke University, Johnson C. Smith University, Black Ivy League, Davidson College, Furman University, Black, Education, Tutoring

Today, the Endowment also announces centennial gifts totaling $175 million to the four higher education institutions named in Mr. Duke’s Indenture of Trust – Davidson College, Duke University, Furman University and Johnson C. Smith University.

Key Points: 
  • Today, the Endowment also announces centennial gifts totaling $175 million to the four higher education institutions named in Mr. Duke’s Indenture of Trust – Davidson College, Duke University, Furman University and Johnson C. Smith University.
  • These gifts include individual $25 million grants to Davidson, Furman and Johnson C. Smith University.
  • An announcement of a centennial gift of $100 million to Duke was shared on November 30, 2023.
  • “We are excited to launch our centennial year and celebrate the lasting legacy of James B. Duke and the Duke family.

Announcing ClimateGPT: The First Open Source Foundational AI Platform Dedicated to Addressing the Impact of Climate Change

Retrieved on: 
Friday, January 19, 2024
Hugging Face, Climate change, Human, Research, AI, Endowment, Uncertainty, ECI

ClimateGPT is an ensemble of open source large language AI models designed to augment human decisions and address the complex and fast-moving impact of climate change.

Key Points: 
  • ClimateGPT is an ensemble of open source large language AI models designed to augment human decisions and address the complex and fast-moving impact of climate change.
  • MCLEAN, Va., Jan. 19, 2024 /PRNewswire/ -- The Endowment for Climate Intelligence (ECI) is excited to announce the release of ClimateGPT, the first open source ensemble of AI models dedicated to addressing the fast-moving impact of climate change.
  • ClimateGPT seeks to drive resilient climate action for researchers, policymakers, and business leaders, to make informed decisions in this climate of uncertainty.
  • The breakthrough underscores the ECI's commitment to the open science and open source AI communities, heralding a significant step toward responsible AI development.

Institutional Investors’ Enthusiasm Grows for Innovative Private Equity Fund

Retrieved on: 
Tuesday, January 9, 2024
Endowment, Investment, Private equity fund, British Virgin Islands, Private equity, Insurance, Fund, Environment, COVID-19, Equity, Capital, Family, GDP, Security (finance)

Private Equity and other investment sectors find themselves navigating an exceptionally challenging and unpredictable landscape.

Key Points: 
  • Private Equity and other investment sectors find themselves navigating an exceptionally challenging and unpredictable landscape.
  • Introducing GDP Capital's PE-BOND Fund LP, one of Private Equity's latest offerings poised to make waves on the international stage.
  • Here's why it stands out:
    A Private Equity structure fortified with the security of a bond.
  • This unique investment Fund, set to launch in January 2024, is spearheaded by GDP Capital Limited, a Private Equity Fund Manager incorporated in the British Virgin Islands (BVI) and regulated by the BVI Financial Services Commission (BVI FSC).

PSR Receives $1.25M Grant from Lilly Endowment Inc. to Meet Congregations' Needs for a Changing Church

Retrieved on: 
Wednesday, December 6, 2023
Biblical archaeology, Learning, Pacific School of Religion, Multimedia, Strategic planning, Trust, LGBTQ, Eli Lilly and Company, Gender studies, PSR, Lilly Endowment, Endowment, Clergy, Education, Management, Pharmaceutical industry, TEL, Religion

The Congregational Renewal Cohorts program is being funded through Lilly Endowment's Thriving Congregations Initiative .

Key Points: 
  • The Congregational Renewal Cohorts program is being funded through Lilly Endowment's Thriving Congregations Initiative .
  • As part of the program, congregations will launch their initiatives and share results and insights with PSR, one another, and their denomination, expanding their impact.
  • "We are so thankful to Lilly Endowment for its trust and investment in PSR's ability to convene partners and drive leadership formation to transform congregations.
  • Lilly Endowment Inc. is a private foundation created in 1937 by J.K. Lilly Sr. and his sons Eli and J.K. Jr. through gifts of stock in their pharmaceutical business, Eli Lilly and Company.

Northern Trust Universe Data: Institutional Plans Post Negative Returns as Global Equity Markets Sell Off in Q3

Retrieved on: 
Monday, November 6, 2023
Finance, Consulting, Banking, Professional Services, Asset Management, Universe, Risk, St. Jude Championship, ERISA, Risk register, Hedge fund, Russell, Private equity, Federal, Northern Trust, Government, St Jude's GAA, Education, Communities and Justice Directorates, Security (finance), Life insurance, Endowment

The median return for institutional asset owners included in the Northern Trust All Funds Over $100 million plan universe was down -2.2% for the quarter ending September 30, 2023.

Key Points: 
  • The median return for institutional asset owners included in the Northern Trust All Funds Over $100 million plan universe was down -2.2% for the quarter ending September 30, 2023.
  • The Northern Trust Foundation and Endowment (F&E) universe produced a -1.1% median return for the quarter, while the Northern Trust Public Funds universe median return was down -1.7% and the Northern Trust Corporate (ERISA) universe median return was -5.1%.
  • Public Funds universe median multi-period returns for the one-, three- and five-year periods stand at 9.1%, 5.6% and 5.2%, respectively.
  • The segment continues to increase the allocation to Private Equity, where the universe median allocation now stands at 15.1%.

PPM Builds Global Distribution Team

Retrieved on: 
Thursday, November 2, 2023
Finance, Consulting, Banking, Professional Services, Asset Management, Legg Mason, Health care, Fixed income, PPM, Beckner, Global distribution system, Bond credit rating, Endowment, Outsourced, Multimedia, Highland Capital Management, Senior, CIO, Private equity, Head, Consultant, Family, Loomis, Sayles & Company, Music, Management

PPM America, Inc. (PPM) announces the recent additions of Jeff Seaver as the new Head of Global Distribution and Laura Beckner as Head of Consultant Relations, a newly created role.

Key Points: 
  • PPM America, Inc. (PPM) announces the recent additions of Jeff Seaver as the new Head of Global Distribution and Laura Beckner as Head of Consultant Relations, a newly created role.
  • View the full release here: https://www.businesswire.com/news/home/20231102786100/en/
    PPM welcomes the addition of Jeff Seaver as the Head of Global Distribution.
  • His previous roles also include Managing Director positions at Highland Capital Management and Loomis Sayles, where he was responsible for building out and overseeing the EMEA distribution team.
  • “Based upon their past experience on successful teams, both Jeff and Laura know that PPM has all the pieces necessary to deliver consistent results alongside tremendous client service.”

American Bar Endowment names Dana Sturtz Hill as new Executive Director

Retrieved on: 
Tuesday, October 10, 2023
Endowment, American Bar Association, ABE, Insurance, ABA, Savoy Hotel, American Bar Foundation, Management, New York Life Insurance Company

CHICAGO, Oct. 10, 2023 /PRNewswire/ -- American Bar Endowment (ABE) President Howard Vogel has announced that Dana Sturtz Hill is the Endowment's new Executive Director.

Key Points: 
  • CHICAGO, Oct. 10, 2023 /PRNewswire/ -- American Bar Endowment (ABE) President Howard Vogel has announced that Dana Sturtz Hill is the Endowment's new Executive Director.
  • "Our Board of Directors is pleased to welcome Dana as our new Executive Director," said President Vogel.
  • "With Dana at the helm of our public charity, the American Bar Endowment is poised for a period of innovation, enhanced member engagement, and strategic growth."
  • "It's a privilege to join the American Bar Endowment," said Dana.

New Exhibition Seeks to Forge a Better Understanding of Religious Traditions and Communities through Sacred Sites

Retrieved on: 
Tuesday, September 12, 2023
Cherokee heritage groups, Heart, The Children's Museum of Indianapolis, National Geographic, Shrine, LLP, Heritage, Easter Island, Bible, Religion, Exhibition, Congregational mosque, Spirituality, Culture, Ice, Teaching, Judaism, Lilly Endowment, Old National Bank, Patan Durbar Square, Shivesh Kumar, Photography, Great Mosque of Xi'an, Christianity, St. John the Baptist Catholic Church (Silver Spring, Maryland), Islam, Collection, The Children's Museum, Museum, The Power of Children, Water, Lalitpur, Pleasure, Sacred Journeys, Hinduism, The Buddha, Wright Exhibition Team, Artifact, Nitya, Endowment, Wat Phra Kaew, Tourism, Linens, Jewellery, Entertainment, Moai

INDIANAPOLIS, Sept. 12, 2023 /PRNewswire-PRWeb/ -- The Children's Museum of Indianapolis' newest exhibit takes visitors to sacred sites around the world, shares the religious, and spiritual beliefs of young people who live in and worship at these sites and encourages children and their families to explore what makes a site sacred.

Key Points: 
  • "By showcasing some of the world's sacred places, we hope to foster curiosity and understanding of religious traditions so that people may better understand one another and communicate in thoughtful and respectful ways."
  • The exhibit Sacred Places features images, artifacts, and stories depicting more than two dozen sites that are sacred within different faith traditions.
  • We're pleased that this new exhibition will help children and families learn about important religious sites and those who find them sacred."
  • As visitors explore Sacred Places, they are invited to consider the nature of sacred places and reflect on sacred places in their own lives.