“Donor of the Day: Supporting ‘No. 1′ Causes.” By Melanie Grayce West. Wall Street Journal. May 6, 2013. The late real-estate financier William “Bill” P. Carey wanted to ensure the institutions of the city were as good as they could be for him and for everybody else. New York-Presbyterian/Weill Cornell Medical Center was among the institutions that Mr. Carey, who died in 2012 at the age of 81, supported. Before his death, his foundation donated $5 million to the hospital to expand its emergency care. A dedication ceremony of the 5,200-square-foot space and 15 private treatment rooms in the emergency care department was held last week on the 40th anniversary of W.P. Carey Inc., the New York-based investment-banking firm Mr. Carey founded. The treatment area will now be known as the W.P. Carey Emergency Unit. Mr. Carey’s nephew, Francis “Jay” J. Carey, is the president of the W.P. Carey Foundation. He says that his uncle’s gift was partly motivated by a willingness to give back to the hospital where the late Mr. Carey received care. His uncle, who had an encyclopedic knowledge of rankings—be it college or hospital rankings—also enjoyed supporting things that were “No. 1″ in rankings. “Bill enjoyed associating with things that were the best, donating to things that were the best and keeping them that way,” according to his nephew. The W.P. Carey Foundation primarily supports education and causes in Baltimore, where the history of the Carey family dates back to the 1700s. The late Mr. Carey donated $50 million to Johns Hopkins University to create a business school. In 2007, the university launched the Carey Business School, so named for Bill Carey’s great-great-great-grandfather. The late Mr. Carey also cared deeply for New York City, says his brother, Francis “Frank” J. Carey, the chairman of the executive committee of W.P. Carey Inc. He supported the arts and liked to give large gifts that would make a difference. He also kept an eye on his gifts and was vocal about what should and shouldn’t be done with a donation, according to his nephew and brother, who are now continuing the late Mr. Carey’s vision through his foundation. “He really cared about it. He didn’t just give the money away,” said Jay Carey.
“Donor of the Day: Two Decades of Work in the Bronx.” By Melanie Grayce West. Wall Street Journal. May 7, 2013. Landon Slane believes that every person deserves quality education and that children who don’t learn in a typical academic fashion can be reached through arts-based learning. Ms. Slane, 46 years old, is the chief executive, co-founder and co-designer of Slane, a New York-based jewelry company. She runs the company with her sister, Heath Slane. Ms. Slane says she entered the jewelry business in a roundabout way after pursuing a master’s degree in social work and a stint working in film production. Around the same time she and her sister launched their jewelry company—more than 15 years ago—Ms. Slane became involved in the then fledgling Bronx-based organization, DreamYard, a charity that uses arts-based education to reach inner-city children and encourage them to pursue higher education. The organization’s focus on creativity and arts spoke to Ms. Slane’s various passions and she began volunteering. DreamYard “combined all of my interests,” she says. “It became an outlet for me in New York.” The charity and the jewelry company have grown in tandem, says Ms. Slane, who is a board member for the organization. She has donated some $85,000 to DreamYard over the years, growing her involvement with her giving. “While one is a for-profit and one is a nonprofit, we’ve gone through a lot of the same growing pains at the same time,” she says. “It’s been such an honor for me to work from the ground up with them.” Today, DreamYard reaches some 8,500 children from kindergarten through high school more than 40 public schools. The organization also operates its own art center and high school. The charity says that students that enroll in DreamYard’s four-year program all go on to a college.
“Donor of the Day: A Donor’s Invisible Link to Ireland.” By Melanie Grayce West. Wall Street Journal. May 8, 2013. When Loretta Brennan Glucksman, the chair of the American Ireland Fund, wants to sell a philanthropic project to a potential donor, all she has to do is make sure that the would-be philanthropist takes a trip to Ireland. “If you can get them first to Ireland, to see the place and feel the people and to the project, that’s the best sales pitch,” says Ms. Glucksman, 75 years old. That approach is one she learned from her late husband, veteran Wall Street trader Lewis L. Glucksman, who died in 2006. He took her on her first trip to the country in the late 1980s and sold her on its charms, beauty, the people and its culture. Mr. Glucksman, a New Yorker and of Hungarian-Jewish descent, had come to love Ireland as a young Navy officer during World War II. He’d spent his furloughs in the country tracking the paths of the Irish writers he adored.
Mr. Glucksman loved Irish literature. He was never happier than when he was on the waters around Ireland, taking in the air, peace and solace, according to Ms. Glucksman. The consummate boater—he liked motors and navigation—he once bought an ice breaker from the government of Norway and sailed it into Kinsale harbor in County Cork, Ireland. Mr. Glucksman was Irish at heart. Ms. Glucksman is Irish by birth, the granddaughter of immigrants. Together, supporting Irish causes and charities became a passion. Over the years, some $27 million was given by the couple to the American Ireland Fund in support of various organizations and projects, including the Glucksman Ireland House at New York University, which the couple founded in 1993. The American Ireland Fund is part of the Worldwide Ireland Fund, founded in 1976, which raises money for worthy causes in Ireland and around the world. Under Ms. Glucksman’s tenure as chair of the American fund, the organization has grown to be a force in private funding for nonprofits in Ireland. Her vision for the fund is that it will continue “to grow to represent the very real and sometimes ephemeral and unexplainable bond between Ireland and her diaspora.” “People leave Ireland but they never let her go,” says Ms. Glucksman. “There is this wonderful umbilical that stays attached. I can’t explain it, but I’ve seen it in operation.”
“Why Bill Gates Thinks Ending Polio Is Worth It.” By Michaeleen Doucleff. All Things Considered/National Public Radio. May 8, 2013. Some critics say that ending polio has become Bill Gates’ “white whale.” Why not just settle for the huge drop in polio cases that we’ve seen over the past decade and then spend money on other things that kill so many more kids, like diarrhea and malnutrition? “Polio is special,” Gates tells NPR’s Robert Siegel on All Things Considered. “Once you get it done, you save $2 billion a year that will be applied to those other activities. There’s no better deal economically to getting to zero.” And Gates is putting his money — and his effort — where his passion is. “Polio alone, for the last year, has been the majority of my time because we were having to really decide: Do we double down? Do we do this right?” he says. In the end, he and his foundation calculated that to do it right and wipe out polio worldwide, it would about $5.5 billion over six years.