News and analysis
July 06, 2015

Gifts Roundup: $27 Million for Economics at the University of Cambridge

Owen Kolasinski/BFAnyc/Sipa USA/Newscom

A $27-million gift from William and Weslie Janeway will create a professorship in financial economics at the University of Cambridge.

A roundup of notable gifts compiled by The Chronicle:

University of Cambridge

William Janeway, a managing director at the American private-equity firm Warburg Pincus, and his wife, Weslie, president of the Pye­wacket Foundation, have pledged $27 million to the University of Cambridge.

The money will create a professorship in financial economics at the university’s Pembroke College as well as a fellowship. The gift will also establish the Janeway Economics Fund to support economics research, and provide support for postdoctoral fellows, doctoral and research students, and other programs.

Abbott Northwestern Hospital

Best Buy founder Richard Schulze gave $2 million through his family foundation to the Minneapolis hospital to expand its neurological intensive-care unit. The new division will be named for the donor when it opens next year.

William Peace University

Elizabeth (Betsy) Moore Ruffin left $1.5 million to the university and placed no restrictions on how it could be used.

Ms. Ruffin, who died in January, graduated in 1953 from the university’s college-preparatory program. She had deep personal ties to the university and officials often visited her. On one unplanned visit several years ago university employees saved her life when they found her ill and helped her get medical assistance for what doctor’s diagnosed as triple pneumonia.

San Diego Opera

Carol Lazier, the president of the opera’s Board of Directors, gave $1 million to the opera company, and another donor, the philanthropist Darlene Shiley, gave the opera $250,000.

Ms. Lazier previously gave the opera company $1 million to keep it from shutting down last year after its former leaders planned to dissolve the troupe.

University of Miami

Cleveland businessman Scott Mueller gave $1 million to the university to endow a football scholarship. Mr. Mueller graduated from the university in 1985 and attended on an academic scholarship.

Trans*H4CK and Lesbians Who Tech

Venture Capitalist Marc Andreessen, and his wife, Laura Arrillaga Andreessen, a philanthropy expert, gave $250,000 to two nonprofits: Trans*H4CK, which hosts "hackathons" to develop new tech products for lesbian, gay, bisexual and transgender people, and to Lesbians Who Tech, a national group that helps and connects gay women in technology fields through conferences and other events in the United States and abroad.

To learn about other big donations, see our database of gifts of $1 million or more, which is updated throughout the week.

Send an e-mail to Maria Di Mento.