Foundation capital

Community foundation receives $45 million to benefit 8 Iowa nonprofits

An overview of notable donations compiled by the The Chronicle:

Greater Des Moines Community Foundation

Harriet Macomber left over $45 million to establish endowments to benefit eight nonprofits in Des Moines, Iowa: BWA Foundation, Des Moines Art Center, Des Moines Symphony, Drake University Law School, Orchard Place , United Way of Central Iowa, St Paul’s Episcopal Cathedral and the YMCA of Greater Des Moines.

Harriet Macomber, who died in 2020, was a Des Moines-area philanthropist who worked closely with a number of nonprofits that she and her late husband, Locke Macomber, supported during their life. She served for decades on the board of directors of the Business Women’s Association Foundation, a 130-year-old granting agency that supports education, health and wellness programs for women and children in the Des area. Moines, and on the board of directors of the Des Moines Art Center, where she was also a teacher.

Locke Macomber was chairman and president of the former Valley National Bank, a bank in Des Moines, where he worked for 36 years. Prior to his banking career, he served in the United States Navy during World War II. He died in 1998. A grandfather and uncle, both named John MacVicar, had served as mayors of Des Moines.

Stanford University

Billionaires Ann and John Doerr have pledged $1.1 billion to create the Stanford Doerr School of Sustainability, which aims to address the world’s most pressing climate and sustainability challenges and will focus on eight areas of research: climate change, earth and planetary sciences, energy technology, sustainable cities, natural environment, food and water security, human society and behavior, human health and the environment.

The new school will house a collection of academic departments and interdisciplinary institutes. It will also house a “Sustainability Accelerator” which, among other efforts, will award grants to develop new technologies in environmental sustainability and related fields, advance new policies, and support partnerships.

John Doerr is a venture capitalist who joined the investment firm Kleiner Perkins in 1980. There he backed technology start-ups that have since become some of the biggest companies in the world, including Compaq, Sun Microsystems, Amazon and Google. He now holds the position of Chairman of the Cabinet. The Doerrs are not Stanford alumni. They both earned electrical engineering degrees from Rice University.

The university received additional donations for the new school but did not disclose the amounts. Two of the freebies are from Yahoo! Stanford co-founders and alumni: Jerry Yang and his wife, Akiko Yamazaki (also a Stanford graduate), and David Filo and his wife, Angela.

Huntington Health

Andrew and Peggy Cherng donated $25 million, through their Panda Charitable Foundation, to support Huntington Hospital’s surgical programs and to name a building on the medical center’s campus, the Cherng Family West Tower.

The Cherngs founded the Panda Restaurant Group, which operates the Panda Express chain and other restaurant brands. They started the company in Pasadena, California, where the hospital is located. Peggy Cherng is an engineer who worked for aeronautical companies before joining the family restaurant.

United States Holocaust Memorial Museum

David Rubenstein donated $15 million to support the museum’s National Holocaust Documentation Institute and its ongoing efforts to build its collection of documents, preserve the collection, and make it accessible to scholars and others in the United States and abroad. the stranger. The institute will be renamed the David M. Rubenstein National Institute for Holocaust Documentation.

“This commitment is particularly significant because it comes at a time of rising anti-Semitism, Holocaust denial and distortion,” said Stuart Eizenstat, president of the museum. “Ensuring that future generations of students, teachers, and researchers have access to first-hand evidence of Holocaust history and its contemporary lessons is a tremendous gift to the American people, our soldiers who valiantly fought to defeat Nazism, and the survivors and victims of the Holocaust whose legacy will be preserved in perpetuity.

Rubenstein is a billionaire who co-founded the Carlyle Group, a private equity firm in Washington. Earlier in his career, he served as senior adviser to the U.S. Senate Judiciary Committee Subcommittee on Constitutional Amendments and Deputy Assistant to President Jimmy Carter for Domestic Policy. He has written several books and hosts The David Rubenstein Program: Peer Conversations, a television talk show in which he interviews personalities from business and academia.

A longtime philanthropist, Rubenstein practices what he calls “patriotic philanthropy”. He has given extensively to the National Park Service, the National Archives, the John F. Kennedy Center for the Performing Arts, the Library of Congress, Thomas Jefferson’s Monticello, George Washington’s Mount Vernon, and the Smithsonian Institution. He appeared on the The Chronicle’s the annual Philanthropy 50 list of top donors six times since 2010.

University of Kentucky College of Engineering

Stanley and Karen Pigman made two donations totaling $11.25 million through their Karen and Stanley Pigman’s Lighthouse Beacon Foundation. Their donations will support construction projects and scholarships.

Of the total, $10 million will be used to renovate and expand the Funkhouser building, which will add more modern teaching and research spaces to the engineering school. The money will also support more faculty members and research programs. The couple donated $1.25 million to support need-based scholarships for Eastern Kentucky students pursuing studies in the new Department of Engineering Technology.

Stanley Pigman, a scholarship student, graduated from the university with a Bachelor of Science in Mining Engineering in 1981. He began his career as a project engineer with Sierra Coal Company and later became a market analyst with Old Ben Coal Company . He then held management positions in a number of other coal companies and later founded several coal and coal-related services companies.

University of North Carolina Kenan-Flagler Business School

Charles Ackerman left $11 million to endow the Center for Sustainable Enterprise, which offers education, research and other programs aimed at developing businesses and business practices that contribute to social and environmental sustainability. The center will bear the name of the donor.

The bequest will pay for a new building, MBA scholarships, expansion of the undergraduate business program, support for graduate research projects, as well as center operations and the hiring of new staff.

Charles Ackerman founded Ackerman & Company, a commercial real estate development company in Atlanta, and Ackerman Security Systems, a home security company which he sold to Imperial Capital Group in 2015. He earned a bachelor of science degree from the university in 1955, then served two years in the US Army. He earned a law degree from Emory University Law School in 1960 before going into the real estate business. He died in 2017.

Whitman College

Katherine Weingart has donated $10 million to launch and endow the J. Walter and Katherine Weingart Opportunity Scholarship, which will provide full scholarships to Whitman students in Washington State. Beginning with freshmen in fall 2023, the scholarship will eventually be available for all four class years.

Weingart is a retired psychology professor who taught at Walla Walla Community College for over 30 years. The scholarship is named after her late husband, J. Walter (Walt) Weingart, who taught history at Whitman for 35 years before retiring in 2002. He died last year.

To learn more about other major gifts, check out our regularly updated Donations of $1 Million or More database.