Word: funded
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Dates: during 1990-1999
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Whatever the ultimate destination of all this cash, the job of raising it has become increasingly important. In the U.S. fund raisers work from coast to coast, using any Albanian gathering as an excuse for inviting donations--$60,000 was raised at a Chicago funeral, for instance. But all kinds of Albanians are responding to the call. Avzi Bejadini, an ethnic Albanian peasant in western Macedonia, tells how he and others in his village have scraped together money that they pass along to the fund raisers who parade through the countryside. "We all have emptied our pockets because...
...multimillion-dollar endowment. She wanted the foundation to encourage women in science but was told by research institutions that the more important work was being done by men. Schupf persisted, contributing $1.5 million for a female science professor's post at Skidmore College in New York State and funding a lecture series and prize for women at the Weizmann Institute of Science in Israel. The institute wants to build a women's health center. "Now they want to know who I know," she says, laughing, "because they know it'll be women who fund...
These days, in the major leagues of philanthropy, nobody doesn't like Sara Lee. And charitable fund raisers are learning that nobody can afford to overlook the rising influence of women. Some, like Schupf, inherited their money, and a growing number earned it. But women in both camps are demanding more attention to their favorite causes and more influence over exactly how their donations are spent. Gone are the days when women's philanthropy referred only to sweet dears who ran the school auction or gussied up for the charity ball...
...sign of change is the growth of "women's funds," in which money is raised and given out by women, often to causes that benefit women. In 1979 there were only five women's funds; today there are 95. Last year the 250 members of the Washington Women's Foundation each gave $2,000 to fund grants of $50,000 and $100,000 to causes like nature conservation and children's medical research...
...Other funds highlight the power of one woman. Catherine Muther, 52, of San Francisco, earned lucrative stock options as an executive at the tech firms 3Com and Cisco Systems. In 1994 she pulled $5 million from her purse to create a fund that supports everything from female entrepreneurs to girl athletes...