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The Chart Room

Bloomberg Pledges $15M to UN to Cover US Climate Share

Michael Bloomberg, founder of Bloomberg, L.P. and former mayor of New York City, has pledged $15 million from his philanthropic foundation to support the Paris Climate Agreement. This donation comes in response to President Trump’s decision to pull-out of the accord. The $15 million will go towards the United States’ responsibility of the Agreement’s operating budget. The details of this contribution are outlined in this recent article by John Bowden writing for The Hill.

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Endowment Sweepstakes: How Tiny Houghton College Beat Harvard

Harvard’s Endowment Fund recently announced that it will lay-off 230 employees due to lagging performance. Harvard’s situation is not unique. The National Association of College and University Business Officers recently reported that many endowments under-performed for fiscal year 2016. One exception of note is Houghton College in Houghton, New York.  A recent article written by James Stewart for the New York Times outlines Houghton’s investment strategy and how it compares to other institutions.

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Harvard Endowment Fund Will Cut Half of its 230 Employees

With performance that trails its peers, Harvard plans to cut its endowment’s investment group by half.

Read the Article by Beth Healy for the Boston Globe.

With $50m, Bloomberg Thanks Museum of Science

Congratulations to the Museum of Science, Boston and Michael Bloomberg on this extraordinary gift!

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Matching the Way You Give to the Cause You Give To

At this time of year, many people turn their attention to charitable giving and how their gift can make the biggest impact. In this article, Paul Sullivan of the New York Times explores how people donate, the connection they seek to make with charities and the role of donor-advised funds in philanthropy.

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