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Va. Tech receives two $1M endowment commitments
The Public Service Education Institute has endowed two $1 million funds at Virginia Tech to support internships, the university announced Tuesday. The endowments, each created with a $1 million commitment, will support students who have secured internships with federal, state or local government agencies, including the Virginia Cooperative Extension. One endowment will support students in [&hellip[...]
U.Va. receives $5M donation for business ethics professorship
The former president and CEO of Canadian Tire Corp. and his wife have committed $5 million to establish a University of Virginia Darden School of Business professorship focused on business ethics. U.Va. President Jim Ryan announced the donation by Stephen and Phyllis Bachand to the Darden School Foundation on Dec. 19, 2023. The university will […]
Lego donates $1M to six Richmond-area nonprofits
Lego Group has distributed $1 million in grants across six Richmond region nonprofits, the Danish toymaker announced Thursday. The company, which broke ground in April on its $1 billion manufacturing facility in Chesterfield County, awarded the funding to organizations serving children and families as part of its commitment to help kids “learn through play.” “Today […]
RTX to sell cyber, intelligence biz for $1.3B amid Q3 slump
RTX has agreed to sell its cybersecurity, intelligence and services business segment for about $1.3 billion and announced a $10 billion stock buyback program Tuesday as it seeks to recover from a manufacturing quality issue in a jetliner engine that has plagued the Arlington County-based Fortune 500 defense and aerospace contractor since the summer. RTX, […]
Virginia Tech receives $10M gift for endowed scholarship
Preston White, the founder of Virginia Beach-based concrete contractor Century Concrete, and his wife, Catharine, have donated $10 million to Virginia Tech to create an endowed scholarship, the university announced Tuesday. The Whites’ latest gift to Tech, the Preston and Catharine White Endowed Diversity Scholarship, will eventually provide scholarships of $5,000 to $7,500 to about [&hellip[...]
U.Va. receives $50M gift from Breeden Co. founder
Ramon W. Breeden Jr., founder and chair of Virginia Beach-based developer The Breeden Co., has given $50 million to his alma mater, the University of Virginia, to support business education and athletics. University President Tim Ryan announced the gift during a U.Va. Board of Visitors meeting Friday, according to a news release. The gift will […]
Virginia Tech research institute receives $50M gift
A foundation established by the estate of Richmond philanthropist Bill Goodwin‘s late son, Hunter, has made a $50 million commitment to support cancer and neuroscience research at the Fralin Biomedical Research Institute at VTC, Virginia Tech announced Tuesday. The gift is one of three record $50 million donations Virginia Tech has received, including the 2018 […]
UR biz school receives $10M donation
The University of Richmond’s Robins School of Business received an anonymous $10 million gift from an alumnus to establish an endowed scholarship fund, the school reported Thursday. The alumnus studied accounting and finance at UR and stocked groceries to fund his tuition and other expenses, the school said. “Access and affordability are among our highest […]
Truist grants $500k to aid Richmond Community Wealth Building office
Truist Foundation announced it has made a $500,000 grant that will ultimately help Richmond’s Office of Community Wealth Building provide further financial, education and employment coaching to city families, the philanthropic arm of Truist Financial Corp. announced in a press conference Friday. “At Truist, our purpose is to inspire and build better lives and communities, and […]
Great expectations
In the mid-1990s, Diane and Paul Manning were thinking about moving from New Jersey with their three children. Like many families, they took many factors into consideration. “One of the kids was really big-time into swimming, so we needed a place that had a good swim team,” Diane says. Also, “I always prefer a college […]
Donations by companies and corporate foundations
Check the numbers: Donations by individuals and family foundations; total corporate donations Read more: Mannings aim for biotech revolution with $100 million gift
