May 16, 2015 |
The Independence Seaport Museum announced Thursday that it had received four gifts totaling $13.9 million, more than doubling its endowment and marking one of the largest gift totals ever made to the Penn's Landing institution, founded in 1960. John Brady, head of the museum for four years, called the contributions "an endorsement" of the museum's direction, which he characterized as akin to "a transformation. " The gifts announced were $4.5 million from newly elected board chair Peter McCausland; $4.4 million from longtime museum supporter Peter R. Kellogg; $3 million from H.F. "Gerry" Lenfest, owner of Philadelphia Media Network and publisher of The Inquirer; and $2 million from an anonymous contributor.
May 4, 2015 |
A dozen Swarthmore College students waited Saturday morning in the quiet hallway of Kohlberg Hall. Some held hands. Two wore T-shirts emblazoned with an equation: WE > FOSSIL FUEL . The school's trustees, one by one, left a meeting and walked past without an announcement. Four hours later, in an e-mail to the campus, college officials said the school would not divest its endowment money of fossil fuels despite a 32-day student sit-in and faculty support for the protesters' demands.
May 1, 2015 |
The Institute of Contemporary Art at the University of Pennsylvania has received a gift of $10 million to enhance the scope and flexibility of its curatorial efforts, ICA director Amy Sadao announced Wednesday. The gift comes from a longtime ICA supporter and board member, the philanthropist and collector Daniel W. Dietrich II. The gift, which doubles the institute's endowment, is the second instance of Dietrich-funded cultural philanthropy to come to light this week. On Monday, the Association for Public Art announced that Dietrich had donated funds to acquire sculptor Roxy Paine's silvery Symbiosis , which has been temporarily installed near the Philadelphia Museum of Art. The tree-like stainless steel sculpture will now remain permanently in place.
April 17, 2015 |
Ending an often testy and sometimes distant 25-year coexistence, the Barnes Foundation will merge with the foundation established by the estate of Violette de Mazia, Albert C. Barnes' longtime colleague. The Violette de Mazia Foundation - whose sole purpose has been to promulgate and support art education based on the formalist pedagogical principles of Barnes, de Mazia, and the philosopher John Dewey - will form the core of the Barnes-de Mazia Education Program, to be based at the Barnes Foundation on the Parkway.
March 11, 2015 |
THE REV. EDMUND Dobbin always said his first love was teaching. So it had to have been something of a relief when Dobbin left the presidency of Villanova University at the end of the 2005-06 academic year after 18 years. Sure, he said, he loved it, but being an administrator is a far cry from the hands-on experience of the classroom, the shaping of young minds, the interaction with students hanging on your every word - at least in theory. "Teaching was always my first love," he said on leaving the presidency and stepping into a classroom at the Main Line university he served for so long.
January 11, 2015 |
Doane Academy, a small prep school in Burlington City, was "in pretty tired shape" when John McGee interviewed for the headmaster's job 15 years ago. "Everyone felt tired and discouraged," he told a news conference Friday. Enrollment across all 13 grades was only about 100, the aged brick buildings had grown unsafe, and "financially, we were really up against a wall. " But the threat of bankruptcy that once hovered over this quaint, 178-year-old campus has been banished, perhaps forever.
December 16, 2014 |
The board chair of the Curtis Institute of Music has pledged two new gifts to the school totaling $11.5 million. Baroness Nina von Maltzahn is making a $10 million gift to the endowment to establish the Nina von Maltzahn President's Chair, a post currently held by Roberto Díaz, plus $1.5 million to underwrite the Curtis on Tour program during the next three years. The endowment gift helps to continue Curtis' tuition-free practice, and the investment in the touring program extends its concerts in Europe, Asia, and South America and related student-recruitment and fund-raising there.
June 21, 2014 |
Few would argue that tobacco has any redeeming qualities, but is it a "moral evil"? That's the question members of the University of Pennsylvania's board of trustees likely will grapple with Friday when they consider a proposal to prohibit the investment of university endowment funds in tobacco products. The discussion follows an open letter signed by 530 senior Penn faculty members, urging divestment from tobacco companies, and a 17-page proposal authored by Penn professors and several others.
June 5, 2014 |
The property containing the Suzanne Roberts Theatre, the Center City home of the financially troubled Philadelphia Theatre Company, is up for sale at $7.5 million. TD Bank, which foreclosed on the company for failing to make mortgage payments, retained NAI Mertz of Mount Laurel to put the three-story property at Broad and Lombard Streets on the market just before Memorial Day, said John Adderly, an agent with the commercial real estate brokerage. A spokesman for the bank could not be reached for comment Tuesday night.
May 16, 2014 |
Philadelphia philanthropists Ralph and Suzanne Roberts may provide a gift that could resolve the Philadelphia Theatre Company's financial struggle, but first, they have asked for help in determining whether the company is viable. The Comcast Corp. founder and his wife have hired outgoing Kennedy Center president Michael M. Kaiser to examine the theater's finances and operations. He is expected to issue a report at the end of May to help guide their next step. "I think, in this case, Ralph and Suzanne want to do the right thing, but have significant financial concerns about the future of the company," said Kevin Feeley, their spokesman.