Weekly News Recap: October 6, 2017

Jim Gray is being honoured for his philanthropic support at the AFP National Philanthropy Day luncheon on Nov. 15. MONIQUE DE ST. CROIX

Never be a prisoner of your past, it was just a lesson not a life sentence. Life goes on -- Anonymous

News

  • CAMH Breaks Ground on Two New Facilities on Queen West (Urban Toronto) TORONTO STORY ViTrēo Is proud to be working with CAMH and on behalf of all of us, congrats on your groundbreaking. "Early this year it was announced that the Centre for Addiction and Mental Health (CAMH) and Infrastructure Ontario had selected a consortium to build "CAMH Phase 1C" as part of the 27-acre CAMH Queen Street Redevelopment project in Toronto's West Queen West area. Yesterday, the promise was delivered on as an official ground breaking ceremony was held for two new buildings on CAMH's Queen Street Campus; the Complex Care & Recovery Building at the corner of Ossington Avenue and Queen, and the Crisis and Critical Care Building on Queen Street West at White Squirrel Way." 10/3/17
  • RDC announces new Vice President Corporate (Red Deer College) RED DEER STORY Congrats to RDC and to Shelley. "Red Deer College will enhance its leadership team on October 16, when Shelley Ralston joins the College as the Vice President Corporate." 10/3/17
  • Free Falling with Tom Petty (The New Yorker) Tom Petty's music made him immortal. We just wish he would have been able to stay with us a bit longer. He was an important part of the soundtrack of my life (and millions of others). RIP Mr. Petty. 10/3/17
  • The Beat Goes on Gala raises more than $900,000 for heart health (Calgary Herald) CALGARY STORY Congrats to all! Great event. Great cause. "More than 400 members of the public, private and not-for-profit sectors gathered at Stampede Park Sept. 9 to join forces with ambassadors and donors to support The Libin Cardiovascular Institute of Alberta’s fourth annual The Beat Goes On Gala. Since inception in 2014, the must-attend gala has raised nearly $4 million — more than $900,000 this year alone — in support of cardiovascular health care and research in southern Alberta." 9/30/17
  • Belief in the importance of philanthropy started at a young age for businessman Jim Gray (Calgary Herald) CALGARY STORY Jim Gray has made and continues to make significant gifts to Calgary and to Canada. He has and continues to serve on many nonprofit boards and fundraising campaigns. Canada and Calgary owe Mr. Gray a great debt. ViTrēo is thrilled to see Jim get this recognition from his home town. Congratulations Jim. You continue to isnpire us all. 9/28/17

Life and career hacks

  • How to Stay Creative (prototypr.io) Some really great ideas on where to draw inspiration. I particularly like the idea of making. 9/28/17
  • Gratitude Journaling for Cynics (The Mission) I am a big fan. I don't always do it but I recognize the many benefits. This is for those who are not yet convinced. This might help. 9/26/17

Philanthropic personalities

Trends and shifts

  • Small Schools Give Ivy League Run for the Money in Donations (Bloomberg) We have noticed this trend, especially in the last five years. Happy to see it validated with data. "If you’re Harvard or Stanford, a $50 million donation is nice, though not uncommon. But for schools like tiny Oglethorpe University in Atlanta, it can change everything. Smaller institutions typically have struggled to compete for multimillion-dollar gifts, out-muscled by schools with bigger endowments and better name recognition. But a booming stock market and broader trends in philanthropy are helping to spread the wealth." 9/28/17
  • As Wealthy Millennials Take Control Of Family Fortunes, Impact Investing Is Set For A Big Boost (Fast Company) "The world’s richest families are increasingly investing their money in good causes, giving a boost to the growing, if still challenged, impact investing space. More than a quarter (28%) of ultra-net-worth 'family offices' are now putting money into social and environmental areas. And, as younger generations take the reins, that percentage is likely to rise significantly in the years ahead." 9/15/17

Large gifts

  • Anonymous alumnus donates $1.4M to Trent University’s School of the Environment (Global News) PETERBOROUGH STORY "A former alumnus of Trent University has given the Peterborough post-secondary institution’s School of the Environment $1.4 million. The money will be used to create three new scholarships, enhance existing scholarships and help students improve their education outside the classroom." 10/3/17
  • International African American Museum receives $10M donation (ABC) "Groundbreaking on the International African-American museum isn’t expected until next year, but a generous gift is inching those efforts closer. [Museum] officials announced a $10 million donation to the museum's construction fund from Lilly Endowment, Inc., a private, philanthropic foundation based in the Midwest." The International African American Museum is located in Charleston, South Carolina. 10/3/17
  • Wake Forest University gets $70 milllion donation; to be used for scholarships (Winston-Salem Journal) "An attorney who graduated from Wake Forest University surpassed his own highest donation to the university, with a second donation of about $70 million to the school. Charlotte attorney Porter Byrum graduated from Wake Forest University in 1942 with his undergraduate and Juris Doctor degrees." Wake Forest University is a private, independent, nonprofit, nonsectarian, coeducational research university in Winston-Salem, North Carolina. 10/3/17
  • Episcopal School of Dallas receives $15 million donation from Perot family members (Dallas News) "The Perot family has entrusted $15 million to Episcopal School of Dallas to help move the Lower School to the main campus on Merrell Road. Couples Margot and Ross Perot Sr. with daughters and sons-in-law Suzanne and Patrick McGee, Nancy and Rod Jones, Carolyn and Karl Rathjen and Katherine and Eric Reeves each contributed $3 million to the cause." 10/2/17
  • Land trust accepts $1.2 million donation (ABC)"Agrium has donated almost $1.2 million to help fund conservation and wildlife habitat protection in the Soda Springs area. The Sagebrush Land Steppe Land Trust will manage projects associated with the Rasmussen Valley Mine." 9/29/17

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