Board members -- the biggest of the big donors -- are crucial to meeting these targets, which will require raising $6 million in pledges over several years, enough to create the endowment and expand operations.
In creating the Endowment and broadening public access to the arts, Sen. Pell noted, "this cause and its implementation has a worldwide application; for as our cultural life is enhanced and strengthened, so does it project itself into the world beyond our shores".
(In most cases this requires the agreement of the donor or even the Attorney General of the relevant state, though some organizations raid their endowments without proper authority). But this approach must be saved for the direst of situations and should not be the reason to create the endowment in the first place.
The new report traces its roots to a 2009 study that brought AI scientists together in a process of introspection that became ongoing in 2014, when Eric and Mary Horvitz created the AI100 endowment through Stanford.
Duke's son, James Buchanan Duke, created The Duke Endowment in 1924 to fund Trinity's expansion, and it was renamed Duke University in honor of the family.
Using the wealth generated by the company, his son and grandsons created the Lilly Endowment to continue Lilly's legacy of philanthropy.
The endowment created the largest scholarship in the history of the college, but it was just one more act that earned him the justified reputation as one of Hollywood's good guys, as well as one of its greatest actors.
American philanthropist and businessman, a major figure in the Rockefeller interests, who spearheaded the endowment drive that created the University of Chicago.
In 2007, Ed created the Hoyt Fellowship Fund, an endowment to support students in the Graduate Program in Science Writing, which prepares writers to advance public discourse in science, medicine and technology.
