Forbes tallied the biggest reported charitable gifts and pledges made in 2019. Some sub-$100-million gifts and pledges that made headlines for their potential impact include Blackstone president Jonathan Gray’s $25 million donation to tackle breast cancer.
A new campaign is encouraging residents and businesses in Long Island City Queens to invest in local public school children. The goal is to raise at least $30,000 for the education savings accounts of 900 children attending five nearby schools.
In recognition of Mindy and Jon Gray’s philanthropy, Penn will annually select an outstanding cohort of 10 students from New York City accepted to any of Penn’s four undergraduate schools who qualify for the highest level of financial aid and for the benefits available through the Penn First Plus program. These students will receive grants that cover the full tuition and expenses associated with attending Penn. The gift is emblematic of the Gray’s mission to maximize access to education, healthcare and opportunity for low income children in NYC.
Mindy and Jon Gray are giving the University $10 million to support 10 students from New York City annually. The gift will also provide funding for Penn First Plus, which seeks to give the full college experience to low-income and first-generation students.