News and analysis
December 05, 2016

Gifts Roundup: Cleveland Eye Clinic Gets $31 Million Pledge

Michelle Reed Photography

Jeffrey and Patricia Cole’s pledge to the Cleveland Clinic Cole Eye Institute will pay for a new building, which will be named for them.

A roundup of notable gifts compiled by The Chronicle:

Fidelity Charitable

Facebook chief operating officer Sheryl Sandberg gave stock valued at nearly $107.2 million to a donor-advised fund.

Ms. Sandberg didn’t disclose what the money will go toward, but in previous years the Sheryl Sandberg & Dave Goldberg Family Fund has backed nonprofits that help women and girls, including, an organization Ms. Sandberg started to encourage and support female leadership.

She has also given to poverty-fighting efforts and education groups.

Cleveland Clinic Cole Eye Institute

Jeffrey and Patricia Cole pledged $31 million to pay for a new building that will help the institute expand its clinical and surgical capabilities and its research and educational programs.

The new facility will be named for the donors. Mr. Cole ran his family’s optical company, Cole National Corporation, until 2004, when it was acquired by Luxottica, an Italian eyewear company.

The eye institute was named for the Coles after they and their company gave a large donation to launch the institute in 1999.

Columbia University

The Mendelson family donated $10 million to launch the Mendelson Center for Undergraduate Business Initiatives, a joint program between Columbia College and Columbia Business School.

Larry Mendelson is chairman of the aerospace and electronics company Heico and served on the university’s Board of Trustees from 1995 to 2001. His brothers, Victor and Eric Mendelson, are co-presidents of Heico, and currently serve on the Columbia College Board of Visitors.

The family’s involvement with and support of the university goes back four generations.

Pérez Art Museum Miami

Developer Jorge Pérez committed $10 million to the museum for new acquisitions and endowment.

Mr. Pérez is also giving the museum 200 works from his personal collection of Cuban art.

The founder of the real- estate company the Related Group, Mr. Pérez gave the museum $5 million in 2004, and in 2011, when he gave $15 million along with artworks from his collection, the museum was named after him.

Inova Loudoun Hospital

Fred and Karen Schaufeld and their sister-in-law, Bobbi Schaufeld, together pledged $5 million to support a building project and expand programs at the Inova Heart and Vascular Institute’s Schaufeld Family Heart Center.

Fred Schaufeld is the managing director of SWaN and Legend Venture Partners, and Karen Schaufeld runs the nonprofit group, 100WomenStrong.

The Schaufeld family gave the hospital $1 million in 2005 to establish the heart center.

University of Rochester Eastman School of Music,

George and Mary Hamlin committed $2.5 million but did not say what the money will support. In previous years, the Hamlins’ gifts have supported faculty and student scholarships.

Mr. Hamlin is chairman of Canandaigua National Bank, which was founded by his family in 1887.

One of the couple’s sons graduated from the music school in 2000.

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

Note: An earler version of this article mistakenly said that Bobbi Schaufeld was Karen Schaufeld's sister.

Send an email to Maria Di Mento.