February, 2011SAN ANTONIO BUSINESS NEWS
Venture investments climb in S.A. - Venture capital investments in the San Antonio area more than tripled last year, the latest MoneyTree Report shows. San Antonio-area firms received about $54.5 million combined from nine deals last year, compared with $16.9 million from five deals in 2009, according to the report by PricewaterhouseCoopers and the National Venture Capital Association. The report is based on data from Thomson Reuters. http://www.mysanantonio.com/business/article/Venture-investment-up-in-S-A-977313.php
The Motley Fool touts Abraxas Petroleum - The Motley Fool investment advisors like what they see in Abraxas Petroleum Corp., the San Antonio-based oil and gas exploration company. The Motley Fool noted that the company's shares recently traded at a 52- week high and that Abraxas has announced two stock offerings to sell as much as 18.5 million shares to pay down debt and expand its drilling program. Abraxas' stock closed Monday at $4.29 a share, up 7 cents, in Nasdaq trading. “Abraxas is focusing more on its oil reserves, with half of its increased spending this year targeting oil,” the Motley Fool noted, adding that it likes the fact that Abraxas “has been shifting production to oil, which makes more economic sense right now,” as natural gas prices are low. http://www.mysanantonio.com/business/article/The-Motley-Fool-touts-Abraxas-Petroleum-974893.php
Valero elects new board members, declares dividend - Valero Energy Corp. elected Randall J. Weisenburger and Rayford Wilkins Jr. to the board of directors, which brings the total number of directors to 11. San Antonio-based Valero (NYSE: VLO) is an international manufacturer and marketer of transportation fuels, petrochemical products and power.
Valero promotes new officers at company - Valero Energy Corp.’s board promoted Lane Riggs, Martin Parrish and Gary Simmons to corporate officer positions at the oil refining company. Riggs is the new senior vice president of refining operations. Parrish is the new vice president of crude, feedstock supply and trading. And Simmons is the vice president of optimization, planning and economics. San Antonio-based Valero (NYSE: VLO) owns refineries, ethanol plants, a wind farm and a network of gasoline stations.
Brooks sees its last class to graduate - Brooks AFB was reinvented more than a decade ago in a bid to keep it off the next base-closure list. City leaders, working with F. Whitten Peters, the Air Force's top civilian, created something new — City-Base, an installation owned by San Antonio and leased to the service at cut-rate prices. City-Base was a bust when measured against its primary intent, preserving the Air Force's mission on Brooks, which is to close later this year. But as the School of Aerospace Medicine graduated its final class Saturday months before the last airman leaves Brooks, local leaders say things worked out. Where in 2002 there was a small H-E-B and a gas station across from Brooks, the research and business park many hoped for is taking root. DPT Laboratories is anchored in a $28 million complex. A Walmart, Best Buy and Lowe's are on the base, as is a 165-bed Baptist Hospital that will open in July. Once funded by city subsidies that hit up to $1 million a year, the Brooks Development Authority runs the base today without taking a dime from taxpayers. http://www.mysanantonio.com/news/military/article/Brooks-sees-its-last-class-to-graduate-985835.php
START to open China center - San Antonio-based South Texas Accelerated Research Therapeutics announced Friday it will open a research center in China for early phase trials of anti-cancer drugs. The Phase I center in Shanghai will be a partnership with China-based venture-capital firm Cenova Ventures. The investment is valued at $6 million. START said it will be the first Phase I site for early phase oncology drugs in China. START already operates a large Phase I clinical trial program from its headquarters in San Antonio, where it employs about 90 people. It also has a research center in Madrid. http://www.mysanantonio.com/business/article/START-to-open-China-center-983449.php
San Antonio in the running for manufacturing plant - San Antonio is one of six Texas sites that is being eyed by a Kentucky-based maker of lifting equipment for the site of a manufacturing plant. AmeriQuip Eagle LLC said other areas or cities in contention for the plant include Houston, Dallas, Fort Worth, Austin and the Rio Grande Valley region. The company didn't provide an estimated cost for the plant, but it said in a statement that it hopes to have a site chosen before the end of the first quarter. AmeriQuip also said it has begun hiring engineers in preparation for the move, which would bring as many as 100 jobs to San Antonio, including 25 to 30 skilled positions. In addition to lifts, AmeriQuip makes excavators, backhoes and trailers.
Land grant descendants may gain millions - SAN ANTONIO, Jan. 30 (UPI) -- A proposed Texas bill would release millions of dollars in royalties to descendants of Spanish and Mexican land grant holders, authorities say. About 500 descendants of the land grantees gathered in San Antonio in the Texas Comptrollers Office to discuss the proposed legislation concerning unclaimed oil and mineral royalties derived from their ancestral lands, the San Antonio Express-News reported. Those royalties represent about $200 million to $561 million of the state's $2.2 billion in unclaimed funds. A 12-page bill called The Unclaimed Mineral Proceeds Act, which would adjust the Unclaimed Property Act, is expected to be introduced in the Legislature this year. It would set up procedures by which the Texas Comptrollers Office could process descendant's oil and mineral claims and accept judgments from district courts that establish them as heirs. "Through the years, our ancestors -- my father, his parents, his grandparents and his great-grandparents -- all have been seeking justice and compensation of what our forefathers left us," said Lilia Gonzalez Kohandani, an heir of Joaquin Galan, who settled in the area of what's now South Texas in the early 1700s, the newspaper reported Saturday. "If they release this money that is due to us, it's going to be spent. It's going to rock the Texas economy," Kohandani said.
GlobalSCAPE Named One of the Best Companies to Work for in Texas - SAN ANTONIO--(BUSINESS WIRE)--GlobalSCAPE, Inc. (NYSE Amex: GSB), a leading developer of secure information exchange solutions [was] named as one of the 2011 “Best Companies to Work for in Texas.” The statewide survey and awards program identifies, recognizes, and honors the best places of employment in Texas. One hundred companies were selected, all identified as benefiting the state’s economy, its workforce, and businesses. The awards program, created in 2006, is a project of Texas Monthly, the Texas Association of Business (TAB), the Texas State Council of the Society for Human Resource Management, and Best Companies Group. GlobalSCAPE, Inc. (NYSE Amex: GSB), headquartered in San Antonio, TX, is a global solutions provider that equips organizations to securely exchange sensitive information and files across multiple locations and with customers and partners.
TEXAS BUSINESS NEWS
Hispanic surge, metro area growth could reshape Texas' political future - When the first Texas numbers gush from the U.S. Census Bureau over the next few weeks, they’ll show a state more diverse and more divided than ever. “It’s a huge state,” said Dr. Steve H. Murdock, former head of the Census Bureau and now chairman of the Hobby Center for the Study of Texas at Rice University, “and it isn’t just Texas bravado that says the different parts of Texas are very different.” The 2010 census shows sharp population growth in Texas from 2000 — almost 4.5 million people, the greatest increase in the nation. But according to Murdock, 90 percent of that growth comes from just five areas: Dallas-Arlington-Fort Worth, Houston-Galveston, San Antonio, Austin and the Rio Grande Valley. Over the same period, 2000 to 2010, 119 Texas counties lost population, most of them in rural West Texas and the Panhandle. The first release of census numbers for Texas centers on reapportionment, with the main task allocating the state’s four additional seats in the U.S. House. The shifting population within Texas also means significant changes for existing districts for Congress and the state Legislature. http://www.dallasnews.com/news/state/headlines/20110129-hispanic-surge-metro-area-growth-could-reshape-texas-political-future.ece
Winstead's Mike Baggett Named Chairman of the Dallas Regional Chamber - Chairman Emeritus and Shareholder W. Mike Baggett was named chairman of the Dallas Regional Chamber at the organization's Annual Meeting, held Jan. 26, 2011, at the Fairmont Hotel in downtown Dallas. Highly respected in the legal and business community, Baggett will be the second attorney in history to lead the Chamber. Board certified in Civil Trial Law, Baggett is a past member of the board and executive committee of the State Bar of Texas and past president and chairman of the board of the Dallas Bar Association. He serves as a fellow of the American Bar Foundation; chair of fellows and trustee, Center for American and International Law; chair of fellows and trustee, Texas Bar Foundation; chairman, trustee and fellow, Dallas Bar Foundation; and fellow, Litigation Council of America (some current and some past). He received his B.B.A. from Texas A&M (Distinguished Alumni, 1998) and his J.D., cum laude, from Baylor University School of Law. He clerked for Justice Price Daniel, Sr. of the Texas Supreme Court and was awarded a Bronze Star for Viet Nam service as a first lieutenant in the U.S. Army. http://dallas.dbusinessnews.com/shownews.php?articletitle=Winstead's%20Mike%20Baggett%20Named%20Chairman%20of%20the%20Dallas%20Regional%20Chamber&newsid=227334&type_news=latest&s=sbcn
Freescale Semiconductor tops Austin companies in new patents - Austin-based Freescale Semiconductor Inc. just made the top 50 list for patents last year, with 494 issued. Utility patents are the most common type of patents, filed as a means of protecting intellectual property and technological innovation. The highest ranking Texas company was Dallas-based Texas Instruments Inc. at No. 27, which was issued 829 patents. Overall, the number of 2010 patents awarded was 31 percent higher than 2009.
AT&T Q4 profit drops 60% -Telecommunications giant AT&T disappointed analysts Thursday morning with the report of a 60-percent drop in fourth-quarter profit for the period ended Dec. 31. The drop came as the company reported a slowing in the number of new wireless subscribers added in the fourth quarter. Dallas-based AT&T (NYSE: T) reported fourth-quarter earnings of $1.1 billion, compared with a 2009 fourth-quarter profit of $2.7 billion.
Three energy companies form investment firm - Houston energy giant ConocoPhillips, General Electric Co. and NRG Energy Inc. have committed $300 million to create an energy technology venture capital company. Energy Technology Ventures will fund about 30 venture- and growth-stage companies over the next four years. It will primarily focus on companies in the renewable power generation, smart grid, energy efficiency, oil, natural gas, coal and nuclear energy, emission controls, water and biofuels sectors, primarily in North America, Europe and Israel. http://www.bizjournals.com/houston/news/2011/01/27/three-energy-companies-form-investment.html
Apache keeping eye on Egyptian turmoil - Houston's Apache Corp. continued to keep a close eye Friday on rising political tensions in Egypt, where it has large oil and gas operations, but said its business there so far had been unaffected by the crisis. Investors, however, remained concerned about the situation, sending Apache shares and the broader stock market down and driving oil prices up on fears the unrest could destabilize the region. In 2009, Apache's oil and gas production in Egypt was 152,600 barrels of oil equivalent per day, about 26 percent of the company's total global output. In the third quarter of 2010, the proportion dropped to around 20 percent after acquisitions elsewhere boosted the size of Apache. But in November, Apache closed a $650 million deal with British oil giant BP that expanded its holdings in Egypt.
Exxon's Profit Rises in Quarter, Helped by Higher Oil Prices - Exxon Mobil, the largest American oil company, reported a 53 percent increase in its fourth-quarter profit on Monday, helped by higher crude prices. Profit in the quarter was $9.25 billion, or $1.85 a share, compared with $6.05 billion, or $1.27 a share in the period a year ago. Analysts surveyed by Thomson Reuters had expected $1.63 a share. Total revenue in the quarter was $105.2 billion, up from $89.8 billion in the quarter a year earlier. http://www.nytimes.com/2011/02/01/business/01oil.html
Xcel profits up 2010, more profits forecast in 2011 - Xcel Energy, a major electric provider on the South Plains, reports profits of $756 million for 2010. That works out to $1.62 per share as compared with 2009 earnings of $681 million, or $1.48 per share. Xcel provides electric service or natural gas or both to people in Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.
Texas Monthly Magazine Names Catapult Systems the Best Place to Work in Texas - Award-winning Microsoft IT consulting firm Catapult Systems was named the number one medium-sized company to work for in the State of Texas by Texas Monthly magazine. The competition, sponsored by the Texas Association of Business, Texas Monthly and Texas State Council of the Society for Human Resource Management, recognizes the top 100 companies to work for in the State of Texas. Catapult Systems was presented with the honor today at the official awards luncheon in Austin, Texas. Keynote speaker, Texas Governor Rick Perry, congratulated the winners. This year marks the third time Catapult Systems has been included on this elite list. Catapult Systems provides Microsoft IT consulting services in enterprise solutions, infrastructure and custom development. With offices in Austin, Dallas, Houston, San Antonio, Denver, Tampa and Washington D.C., Catapult implements secured, innovative technology solutions, enabling our clients to achieve their business priorities while deriving the maximum value from their Microsoft technology investments.
Chesapeake strikes $1.2 billion development deal with Chinese company - Monday, January 31, 2011. Chesapeake on Sunday announced a $1.2 billion joint venture agreement with CNOOC International Ltd., a subsidiary of one of China’s largest independent oil companies. The deal is Chesapeake’s sixth industry development agreement and its second with CNOOC. CNOOC paid $1.2 billion for a stake in Chesapeake’s holdings in the Eagle Ford Shale in south Texas in a deal announced in October. CNOOC International will pay $570 million for a third of Chesapeake’s 800,000-acre leasehold in the Niobrara Shale in northeast Colorado and southeast Wyoming. The company also agreed to pay two-thirds of Chesapeake’s drilling and completions costs until it has contributed another $697 million, which Chesapeake expects to occur by the end of 2014. http://newsok.com/chesapeake-corp.-strikes-deal-with-chinese-company/article/3536870
$482 Million Awarded to Dr. Bruce Saffran - A federal jury in Marshall, Texas has returned a $482 million verdict for Dickstein Shapiro LLP client Dr. Bruce N. Saffran against defendants Johnson & Johnson and its subsidiary, Cordis Corporation, in Saffran v. Johnson & Johnson and Cordis Corp., No. 2:07-CV-451 (TJW) (E.D. Texas), before Judge T. John Ward. Significantly, the jury found that the Cypher™ drug-eluting cardiac stent, manufactured and distributed by Cordis Corp., infringed Dr. Saffran's patent, No. 5,363,760, "Method and Apparatus for Managing Macromolecular Distribution." The jury deliberated for exactly two hours before returning its verdict that the patent was valid and willfully infringed, awarding damages of $482 million. http://pr-usa.net/index.php?option=com_content&task=view&id=606338&Itemid=33
Acacia Research Corporation Moves Patent Licensing Headquarters To Texas - Acacia Research Corporation (Nasdaq: ACTG) announced today that its wholly-owned subsidiary, Acacia Research Group LLC, has relocated its corporate headquarters to Frisco, Texas. Acacia Research Group and its subsidiaries are primarily responsible for business development and licensing activities of patent portfolios in a wide range of technology disciplines. Acacia Research’s subsidiaries partner with inventors and patent owners, license the patents to corporate users, and share the revenue. Acacia Research’s subsidiaries control over 170 patent portfolios, covering technologies used in a wide variety of industries.
We’re No. 1! - In a Jan. 27 speech to the Texas Association of Business, Gov. Rick Perry said: "Texas has generated more jobs than any other state of the union over the past 10 years, has led the nation in exports for eight years running, and is home to more Fortune 1,000 firms than any other state." Shortly after winning the GOP primary, Perry said Texas has the "most Fortune 500 companies." That was true in 2009 (not to mention 2008 and 2006) when Texas had 64 Fortune 500 companies. Exxon Mobil topped the list, flanked by ConocoPhillips, AT&T and Valero Energy. Other No. 1-ranking claims about Texas turned out to be less flattering to the Lone Star State. http://www.politifact.com/texas/article/2011/jan/31/were-no-1/
Woolpert Expands Into Texas - Ohio’s Woolpert is buying Bohannan Huston’s Dallas operations by early February. Bohannan Huston is a spatial data, mapping, civil engineering and advanced engineering technology services firm headquartered in New Mexico. Woolpert, a design, engineering and geospatial firm headquartered in Dayton, employs approximately 650 professionals throughout its 22 offices. Woolpert provides professional design, geospatial and infrastructure services to clients in the public and private sectors. http://www.texasbusiness.com/woolpert-expands-into-texas-buys-bohannan-huston-s-dallas-operations-cms-3479
NATIONAL BUSINESS NEWS
Genzyme to Open Books to Sanofi - PARIS—Sanofi-Aventis and its takeover target Genzyme Monday signed a confidentiality pact which opens the way for the French drug maker to examine the U.S.-based biotechnology firm's books as the two continue talks over a possible merger. "We have entered into a confidentiality agreement allowing us to take the next step in ongoing discussions and review certain non public information," a Sanofi spokesman said Monday, adding that "there is no guarantee discussions will continue or the parties come to an agreement." The nondisclosure pact was contained in a filing with the U.S. Securities and Exchange Commission and included an undertaking by Sanofi not to poach Genzyme employees for a period of up to 12 months from the binding arrangement dated Monday. Sanofi earlier this month extended its $18.5 billion offer for the U.S. biotech for a second time without changing the financial terms, in order to continue talks. http://online.wsj.com/article/SB10001424052748703439504576115840575769966.html
Abbott Cuts 1900 Jobs From US Drug Business - Abbott Laboratories said Wednesday it would eliminate 1,900 employees to keep profits up, indicating that one of the pharmaceutical industry's few success stories of recent years is not immune to cost pressures squeezing the sector. The maker of drugs and devices said the terminations involve U.S. marketing and manufacturing positions. The cuts, which represent about 2 percent of the company's work force, are expected to save the company $200 annually million in coming years. Abbott blamed the cuts on new fees and pricing pressures associated with the health reform law and a "challenging regulatory environment" at the Food and Drug Administration, which approves new drugs. http://abcnews.go.com/Business/wireStory?id=12765902
Comcast and GE complete NBC deal - Cable company Comcast and industrial conglomerate General Electric announced Saturday that their deal to merge Comcast's cable networks with GE's NBC Universal entertainment unit was complete. The new joint venture, dubbed NBCUniversal, LLC, is 51% owned by Comcast and 49% owned by GE. Comcast will manage the company. The merger combines Comcast's cable networks, such as E!, Versus and the Golf Channel with NBCUniversal's struggling NBC broadcast network, as well as popular cable networks USA, Bravo, MSNBC and The Weather Channel. NBCUniversal also owns the Universal Studios film and theme park businesses.
Intel finds chip flaw, cuts revenue forecast - Intel Corp cut its first quarter revenue forecast by $300 million on Monday due to the costs associated with correcting a design flaw it discovered in one of its chips. Intel said it has stopped shipments of the chip and has implemented a fix. It will begin delivering an updated version of the chip to customers in late February. Total cost to repair and replace the chip is expected to be around $700 million, it said.
Jobs are back! But the pay stinks - There are two problems with the jobs recovery to date. Employers haven't added enough jobs. And those they have added aren't particularly good ones. The former has gotten a lot of attention. But the low-wage jobs that have been added are also a cause for concern. "Growth has been concentrated in mid-wage and lower-wage industries. By contrast, higher-wage industries showed weak growth and even net losses," said Annette Bernhardt, policy co-director for the National Employment Project. She said that growth has been far more unbalanced than during previous job recoveries. http://money.cnn.com/2011/01/31/news/economy/low_wage_job_growth/index.htm
AMB to buy ProLogis, form warehouse giant - AMB Property Corp has struck a deal to buy rival ProLogis for $5.7 billion in stock, combining the two largest U.S. owners of warehouse and distribution centers around the world in one of the biggest real-estate deals since the financial crisis. The deal comes as ProLogis, the larger of the two companies, has been struggling with a mountain of debt. The new company initially will be run jointly by the current chief executives of AMB and ProLogis; AMB CEO Hamid Moghadam will become sole CEO at the end of 2012. The company will be based in San Francisco, home to AMB. ProLogis owns or manages about 435 million square feet (40 million square meters) of real estate, mainly in the United States, Europe and Japan. San Francisco-based AMB has about 158 million square feet (15 million square meters) of space in the United States, China, Brazil and Mexico. http://news.yahoo.com/s/nm/20110131/bs_nm/us_prologis_ambproperty;_ylt=AnYpSaao7fjmIB31BQQgG9eyBhIF;_ylu=X3oDMTJzazlxbW44BGFzc2V0A25tLzIwMTEwMTMxL3VzX3Byb2xvZ2lzX2FtYnByb3BlcnR5BHBvcwMyBHNlYwN5bl9hcnRpY2xlX3N1bW1hcnlfbGlzdARzbGsDZnVsbG5ic3BzdG9y
WTO hands over report on Boeing subsidies - The World Trade Organization handed a report to U.S. and EU officials on Monday, which industry sources said found that plane manufacturer Boeing received billions of dollars in unfair subsidies from the U.S. government. The report by WTO experts marked the latest stage in a dispute between the United States and the European Union over unfair and illegal support for each other's aircraft industry in a market for large passenger aircraft worth more than $1.7 trillion. The WTO litigation has been in progress since 2004 and both sides periodically call for negotiations to settle the dispute. The Boeing report is confidential and will not be published for several weeks or months, but its European rival Airbus said last week it would show the U.S. manufacturer had received massive illegal subsidies. http://news.yahoo.com/s/nm/20110131/bs_nm/us_trade_boeing;_ylt=AtPP4lOzHiNt3scXqvm6lSOyBhIF;_ylu=X3oDMTJraTFxMWJkBGFzc2V0A25tLzIwMTEwMTMxL3VzX3RyYWRlX2JvZWluZwRwb3MDMgRzZWMDeW5fYXJ0aWNsZV9zdW1tYXJ5X2xpc3QEc2xrA2Z1bGxuYnNwc3Rvcg-
Paulson's $5 billion payout shocks, raises questions - Billionaire hedge fund manager John Paulson, whose bet against the overheated housing market made him one of the world's wealthiest people, became a lot richer last year. By earning an estimated $5 billion in 2010 thanks mainly to bets the economy would recover, Paulson likely set a record for the $1.9 trillion hedge fund industry's biggest-ever year's earnings. He beat his own record, which he set in 2007 with a $4 billion haul made off the subprime bet. The Wall Street Journal first reported Paulson's payout in its Friday edition, and investors familiar with Paulson's portfolios said the number is likely correct given the manager's asset size and his recent profitable bets on Citigroup (C.N) and gold. For Paulson, who now ranks among the likes of Warren Buffett and Pimco's Bill Gross as the world's most closely watched investors, the payday comes after he reversed deep losses in his funds halfway through the year. And it may finally put to rest speculation that his investing prowess was limited to one lucky bet during the subprime era. http://news.yahoo.com/s/nm/20110129/bs_nm/us_hedgefunds;_ylt=AuxvhfudBc7XD11IeO.3qdOyBhIF;_ylu=X3oDMTJpNHIwN2pnBGFzc2V0A25tLzIwMTEwMTI5L3VzX2hlZGdlZnVuZHMEcG9zAzcEc2VjA3luX2FydGljbGVfc3VtbWFyeV9saXN0BHNsawNmdWxsbmJzcHN0b3I-
SAN ANTONIO EDUCATION NEWS
Bill eyes fix for SAISD - The mayor could appoint nearly half of the San Antonio Independent School District's board members if a bill to change school board governance is approved by Texas lawmakers this session. State Rep. Mike Villarreal, D–San Antonio, filed legislation Thursday that would allow the mayors of cities with large, academically unacceptable school districts to appoint three of seven school board members if voters endorse the concept. The other four members would still be elected. Villarreal said he has been working on the legislation for about a year, prompted by concerns about SAISD's high dropout rate and poor track record of preparing students for college. “It's a logical conclusion to say something has to change,” he said. SAISD is the only school district in the state that currently meets the criteria set forth in the bill, which stipulates that districts must have a total population of 315,000 or more and be designated academically unacceptable by the state once during the previous three years.
NEISD explores cutting 500 new teachers - North East Independent School District administrators and board members discussed a last-resort option to cut expenses Thursday night — terminating about 500 “probationary” teachers after this school year. Probationary teachers in general are those who are new to the profession or newly hired. If North East decides to notify them in April that they will not have a job next year, it would be done in the hopes of hiring them back after the education budget is finalized by the Texas Legislature, North East Superintendent Richard Middleton said. http://www.mysanantonio.com/news/education/article/NEISD-explores-cutting-500-new-teachers-982392.php
UTSA Students Get Education On Debt - Students at UTSA got a little help Thursday from the state on managing their student debt. Texas Attorney General Greg Abbott was on campus to provide credit card and debt education materials to students.
Since 2007, college campuses have been required to provide financial counseling to students. Many students have a hard time paying for their education, but they do have options. However, Abbott said putting it on a credit card shouldn't be one of them. UTSA officials said the best thing students can do when using a credit card is to fully understand the terms of the credit.
Rackspace honored for efforts to help NEISD students - Rackspace Hosting Inc. won the Gold Award in the Business Partnership-Academic Impact category from the Texas Association of Partners in Education for its work on the “Roosevelt Compact.” The compact is the company's commitment to help students succeed at seven Northeast Independent School District schools: Roosevelt High School, White and Krueger middle schools, and Camelot, Montgomery, Windcrest and Walzem elementary schools. The company is expected to spend about $400,000 at the schools this year alone by helping with programs that aim to improve attendance, behavior and achievement. The programs include Youth Orchestra of San Antonio, Communities in Schools, City Year and Parent Academies.
TEXAS EDUCATION NEWS
Texas A&M-Corpus Christi among top 17 in country for core classes - Texas A&M University-Corpus Christi is among the top 17 higher education schools in the country in preparing undergraduates for the workforce, according to a website dedicated to analyzing college curriculum. Whatwilltheylearn.com found A&M-Corpus Christi to be among the top 17 out of 700 universities and colleges in the nation in terms of the core classes offered. The website, a project of Washington, D.C.-based American Council of Trustees and Alumni, analyzed the schools based on the number of required core classes needed for an undergraduate degree. The council, which works with college trustees and regents to develop core curriculum, looked at seven core class requirements to determine the A-list universities: English composition, literature, math, science, foreign language, U.S. history or government and economics.
University of Houston Earns Tier One Status - It's history in the making for the University of Houston. During a pep rally on Friday, Jan. 28, the Coogs announced and celebrated news that they've become a Tier One university. UH now becomes once of three public universities in Texas to earn this prestigious honor. But what exactly does Tier One mean? As 39 News found out, the Tier One status is leaving University of Houston's faculty, students and alumni with plenty to smile about. It wasn't a celebration for the athletic programs at UH. The Coogs were cheering for something else. Houston was busy celebrating its Tier One status. "It means that the citizens of Houston will have another option to attend a Tier One university in Texas," said Welcome Wilson, who has served as chair of UH's Drive to Tier One. "University of Texas and Texas A&M are both Tier One universities and now they have another choice in the University of Houston." According to UH, becoming a Tier One program will lead to economic and educational benefits for Houston and the region. http://www.39online.com/news/local/kiah-coogs-tierone-story,0,3434597.story
Teacher pay cuts, furloughs proposed - School districts should be allowed to give teachers unpaid furloughs and cut their salaries to help deal with a funding shortfall that one estimate says could cost 100,000 jobs, a leading state senator said. Senate Education Committee Chairwoman Florence Shapiro, R-Plano, said the layoff projection could be whittled if school districts could take less drastic steps. Loosening state restrictions could help temper the effects of the budget shortfall, she said. Under starting-point state budget proposals filed by legislative leaders, school districts would get $9.3 billion to $9.8 billion less through the next two years than under current funding formulas to cover enrollment increases and a projected drop in local revenue caused by lower property values. One expert has estimated that the higher figure could cost up to 100,000 school district jobs in Texas through the next two years. http://www.mysanantonio.com/news/politics/texas_legislature/article/Teacher-pay-cuts-furloughs-proposed-986862.php
UT study says socioeconomic level has impact on kids' intellectual abilities - A family's buying power can shape a child's brainpower, even at a very young age, a new University of Texas study suggests. The research, published recently in the journal Psychological Science, says that children from poorer families have less genetic potential to excel intellectually than their well-to-do peers. The study doesn't claim that poor kids come from an inferior gene pool and aren't as smart as wealthier children. Rather, it suggests that because of environmental factors, including access to learning materials at home, poorer children as young as 2 years old have less opportunity to develop their genetic intellectual potential. Researchers said the study underscores similar work involving older children and is the first to trace the impact of genes, environment and intellectual ability on children so young. http://www.statesman.com/news/local/ut-study-says-socioeconomic-level-has-impact-on-1217221.html
Notre Dame ranks No. 8 in degrees earned by Fortune 500 CEOs - Eleven leaders of the nation’s largest corporations earned their degrees from the University of Notre Dame, which ranks the University at No. 8 in the U.S. News & World Report study of the educational backgrounds of 2010’s Fortune 500 CEOs. The listing is part of Fortune magazine’s annual ranking of American corporations based on revenue. Of the 11 Notre Dame degrees, nine were at the undergraduate level and two were graduate degrees, according to the survey. Harvard University, Columbia University and the University of Pennsylvania topped the U.S. News list, cumulatively awarding 99 degrees to executives.
Higher education board seeks to change community college funding formula - Student success rates at Texas community colleges will determine how much state funding colleges will receive under a new plan proposed by the Texas Higher Education Coordinating Board (THECB). The Board is recommending to the state Legislature to partially base public, two-year colleges' state funding on Momentum Points (or milestones) of student progression toward completion of a certificate or degree, or upon transfer to a four-year institution. Currently, state funding for community colleges is based on enrollment numbers from 12th class day data. http://www.theaccent.org/higher-education-board-seeks-to-change-community-college-funding-formula-1.1948556
Texas A&M Headed For Another Spring Semester Enrollment Record - Spring semester enrollment at Texas A&M University was a record 46495 students on the institution's fifth class day. Official enrollment is based on the 20th class-day total, as tabulated by the Texas Higher Education Coordinating Board, but university officials note the difference between the fifth, 12th and 20th class-day figures typically changes only slightly. The 12th-day figure is what is initially reported to the Coordinating Board.
Texas A&M University continues to rank among the country’s top 10 institutions in enrollment of new National Merit Scholars - Texas A&M University continues to rank among the country’s top 10 institutions in enrollment of new National Merit Scholars—and is tops in Texas and second nationally among all public universities, according to tabulations compiled from the newly released annual report of the National Merit Scholarship Corporation. The report shows that 177 of these nationally recognized high-achieving students are members of Texas A&M’s freshman class. Overall, the university’s student body includes more than 500 National Merit Scholars, officials estimate. The top-10 list this year is headed for the first time by the University of Chicago, followed by Harvard, which had been ranked first for many years. Other institutions ranking among the top 10 are (in order) University of Southern California, Northwestern University, University of Oklahoma, Yale University, Washington University (St. Louis), Princeton University and Vanderbilt University.
Texas May Eliminate Steroid Testing Program - When Texas began testing tens of thousands of high school athletes for steroids, the goal was to stop teens from taking dangerous performance-enhancing drugs. The death of a 17-year-old baseball player in a Dallas suburb had drawn national attention to the hazard. But that program could now be axed to save money. Tough economic times are prompting the state along with school districts across the country to pull back from steroid testing just a few years after a series of scandals in professional and amateur sports. http://www.kztv10.com/news/texas-may-eliminate-steroid-testing-program/
NATIONAL EDUCATION NEWS
Endowments at Universities See Gains After 2009 Losses - The value of university endowments increased an average of 11.9 percent for fiscal 2010, making up most of the ground lost in the previous year, according to the comprehensive Nacubo-Commonfund Study of Endowments, released Wednesday. In the previous fiscal year, endowments were down an average of 18.7 percent. Every major asset class except real estate showed gains this year, the study found, but domestic equities performed best, with a 15.6 percent increase. Still, endowments at the 850 colleges and universities included in the study — representing $346.5 billion in assets — are not back to their prerecession levels. There was great variation in the endowments’ performance. The universities with the two largest endowments — Harvard, with $28 billion, and Yale, with $17 billion —increased only 5.4 and 2 percent, respectively. Their return on investments, however, was greater. The next two on the list — Princeton and the University of Texas system, each with $14 billion endowments — increased their market value by 14.1 and 15.5 percent. Among the 200 institutions with the largest endowments, the top earner was Syracuse University, whose $850 million endowment gained 29 percent. The only one that lost ground was Baylor University, whose $871 million endowment shrank by 0.9 percent. http://www.nytimes.com/2011/01/27/education/27endow.html
Federal Official Urges Colleges to Unite in Emphasizing Their Public Value - American colleges and universities must speak with one voice and communicate a strong and singular vision for higher education in this country, said Eduardo M. Ochoa, the U.S. assistant secretary for postsecondary education. Mr. Ochoa, a former provost and vice president for academic affairs at Sonoma State University, in California, issued his challenge in a keynote speech at a gathering here of the Association of American College and Universities, a group that advocates for liberal-arts education. Financial support for colleges is undergoing a fundamental shift, Mr. Ochoa warned. If colleges hope to maintain financial backing, particularly from the public, they will need to "speak with one voice and articulate a clear vision for higher education and its centrality to the health of the economy of the nation." http://chronicle.com/article/Federal-Official-Urges/126158/
Can New Online Rankings Really Measure Colleges' Brand Strength? Unlikely, Experts Say - For a college, what's the value of a tweet? Or a Facebook item and mention on a blog? In recent months, a handful of companies have introduced rankings that claim to calculate a college's brand value or online influence by looking at the attention an institution receives online. One ranking found that the University of Wisconsin at Madison has the strongest brand equity among universities, based on its number of mentions across the Internet. Another named Stanford University the most influential college on Twitter. Marketing experts expect the number of online rankings like these to grow, especially because there's no single way to quantify a college's success in online marketing. The question is: Based on the formulas used in the calculations, do rankings actually tell colleges anything useful? Not really, marketing experts and college leaders say. While rankings such as Klout's college Twitter analysis and Global Language Monitor's TrendTopper MediaBuzz—two of those announced in recent weeks—are interesting, they capture a sliver of what colleges are trying to do with their marketing efforts. And they don't get at what colleges really want to know: whether their brand messages are reaching the people they're going after. http://chronicle.com/article/Can-New-Online-Rankings-Really/126083/
NCAA President Speaks Out Against 'Threats' to College Sports - When Mark A. Emmert took the stage on Wednesday afternoon to address the 3,000 or so athletics officials who have gathered here for the NCAA's annual meeting, he exuded charm and more than a bit of self-described "hokey" enthusiasm. But the NCAA's new president—who has spent many of his first 100 days on the job defending the association from a barrage of criticism for its handling of two recent high-profile events—soon adopted a sober tone. Mr. Emmert urged athletics officials to hold fast in challenging times to the "values" that make the collegiate model of athletics unique: protecting the amateur status of college athletes, for starters, and helping those athletes succeed in sports and in life. The sustainability of the entire enterprise depends on it, he said. http://chronicle.com/article/NCAA-President-Speaks-Out/125949/
NCAA Proposal Would Give Companies More Latitude to Use Athletes' Images in Ads - Should NCAA rules allow a Nike ad to feature University of Oregon football players in action, with the company's ubiquitous swoosh and the name of the university prominently displayed? What if Under Armour, which outfits the Auburn Tigers, wanted to promote a sales event at which the university's star quarterback, Cam Newton, would appear to sign autographs? Under the current amateurism rules, neither scenario would be allowed. But both would be perfectly legitimate if leaders in the NCAA's Division I adopt a proposal that is up for a vote this week [WEEK OF JAN 10] at the association's annual meeting in San Antonio. Existing rules generally bar companies from using an athlete's name, image, or "likeness" in advertisements, promotions, or other ventures. The proposed measure would allow corporate sponsors to feature game clips of current athletes in their TV ads, for instance, as long as the ads include the name of the athlete's institution. It would also allow companies to publicize sales events at which college athletes would be present. http://chronicle.com/article/NCAA-Proposal-Would-Give/125914/
Students Are Swamping College Aid Programs - Although the federal government will hand out billions of dollars more in college grants in 2011 and 2012 than ever before, the nation's financial aid programs as a whole are not keeping up with rising tuition, government officials and financial aid analysts say. That means for millions of America's working and middle class families, "college is going to become less affordable," warns Mark Kantrowitz, publisher and founder of Finaid.org and the scholarship search site Fastweb.com. The widening gap between college costs and financial resources is forcing a growing number of students into one of three bad choices, says Faith Sandler, executive director of the Scholarship Foundation of St. Louis. More students are choosing cheaper colleges that, she says, often "don't match their capabilities." Too many other students "borrow too, too much." Those who can't stomach either of those options may give up on college altogether, she fears. The reasons for the shortage of financial aid boil down to supply and demand. Demand for financial aid has surged because family incomes and housing values have fallen while college tuition continues to soar. Last year, the average private college's tuition jumped 4.5 percent, while the Consumer Price Index eked up just 1 percent. Tuition and fees at public colleges have ramped up even higher as state governments raise cash to fill deficits. Florida and California, for example, hiked their flagship universities' tuition more than 30 percent in the last two years. http://www.usnews.com/education/paying-for-college/articles/2011/01/31/cheaper-student-loans-but-shortage-of-college-grants-likely-in-2011-and-2012
SAN ANTONIO GRANTS/GRANTMAKER NEWS
Greehey lauded for contributions to higher education - San Antonio businessman and philanthropist Bill Greehey on Wednesday was awarded the 2011 Mirabeau B. Lamar Medal for his support of higher education in Texas. Greehey has given millions to education in San Antonio, including $25 million to St. Mary's University School of Business and $25 million to the University of Texas Health Science Center to fund cancer research initiatives. A significant part of his contributions go toward scholarships. http://www.mysanantonio.com/news/local_news/article/Greehey-wins-award-979284.php#ixzz1CG3zKiU1
Microlender Accion gets $5 million gift - Chase bank will announce today [Jan 28] it has donated $5 million to San Antonio-based Accion Texas-Louisiana, the nation's largest nonprofit microlender, for loans and technical assistance for small businesses. The gift, the largest direct donation Accion ever has received, is significant because it's one of the largest recent corporate grants in the area to go for noneducation purposes. Of the $5 million gift, $4.5 million will be devoted to loans and loan loss reserves. The remaining $500,000 will be applied to technical assistance the lender will provide to small businesses, Accion President and CEO Janie Barrera said. The grant to Accion is part of $25 million that Chase has set aside to aid small-business development around the country. http://www.mysanantonio.com/business/article/Microlender-Accion-gets-5-million-gift-981724.php
TEXAS GRANTS/GRANTMAKER NEWS
Welch Foundation Honors Rice Scientist for Innovative Chemical Research - The Welch Foundation today awarded its prestigious Hackerman Award to Rice University scientist Jason Hafner '96, who was named this year's "rising star" for his innovative chemical research. Hafner's discoveries include a new type of nanostructure called gold nanostars, which are proving useful for sensing, imaging and medicine, and the first method for measuring large electrical fields inside cell membranes.
Cox named to board of Women's Foundation - Cece Cox, executive director of Resource Center Dallas, has been named to a three-year term on the board of directors of the Dallas Women’s Foundation. The appointment is effective Feb. 1. The foundation, established in 1985, focuses on women’s philanthropy, grant making and gender-specific research. It has given more than $13 million to more than 950 organizations, with a net impact on more than a quarter-million women and girls primarily in Dallas, Denton and Collin counties. Cox became executive director of RCD in July, 2010, after about three years as the center’s associate executive director for GLBT community services. As associated executive director, Cox was directly responsible for creating and maintaining programs at the center. She has also worked with and/or supported the Turtle Creek Chorale, Legal Hospice of Texas, Youth First Texas and the regional office of Lambda Legal. Cox is a former president of the Dallas Gay and Lesbian Alliance and a former co-chair of the Gay and Lesbian Alliance Against Defamation/Dallas. She serves on the advisory board for both the Black Tie Dinner and SMU’s Simmons School of Education and Human Development. In 1999, Cox received the Kuchling Humanitarian Award from the Black Tie Dinner. Cox is an alumna of both Leadership Dallas and Leadership Lambda, a former board member of the Sexual Orientation and Gender Identification Issues Law Section for the State Bar of Texas, and an attorney licensed in the state of Texas. Prior to joining RCD, Cox was an attorney focused on commercial litigation, bankruptcy, municipal law and commercial transactions. She is a volunteer attorney for Legal Hospice of Texas. Cox earned a bachelor’s degree in journalism from Northwestern University and a law degree from SMU. She is the mother of a 12-year-old son and the partner of Judge Barbara J. Houser.
$100 Million Launches Teach For America Endowment - Teach For America established a permanent endowment fund with $100 million from four donors, which will initially contribute about 2 percent to the organization's annual operating budget. The Eli and Edythe Broad Foundation in Los Angeles, Calif., was the first to commit to the endowment fund with a pledge of $25 million. Three additional donors -- the Laura and John Arnold Foundation in Houston, Texas, the Robertson Foundation, and New York City area philanthropists Steve and Sue Mandel -- stepped up and each provided $25 million in matching funds. The fund will be used to create a reliable, long-term stream of revenue to help support Teach For America’s ongoing efforts to recruit, train, and develop transformational teachers and leaders for pre-K-12 education. Teach For America is the national corps of outstanding recent college graduates who commit to teach for two years in urban and rural public schools and become lifelong leaders in expanding educational opportunity. Today, more than 8,200 corps members are teaching in 39 regions across the country while 20,000 Teach For America alumni continue working from inside and outside the field of education for the fundamental changes necessary to ensure educational excellence and equity.
Dell and the University of Texas Empower Young Social Entrepreneurs - The University of Texas at Austin is accepting entries for the 2011 Dell Social Innovation Competition through Feb. 14, 2011. The Dell Social Innovation Competition is open to university students worldwide who have groundbreaking ideas to improve areas of critical human need. More than $100,000 in prize money will be awarded to turn innovative social ideas into a new business or non-profit organization. The program inspires university students to approach global social problems through entrepreneurship, technology and sustainability and empowers them with unique skills and opportunities to succeed in a globally competitive workforce. The contestants with the best idea and venture plan will be awarded a $50,000 grand prize. http://www.businesswire.com/news/home/20110131005240/en/Dell-University-Texas-Empower-Young-Social-Entrepreneurs
Alfred B. Knight, M.D. assumes new role as Healthcare Foundation President April 15 - Alfred B. Knight, M.D. will finalize his transition from president and chief executive of Scott & White Healthcare to his new full-time role as president of the Scott & White Healthcare Foundation (Scott & White's philanthropic arm), effective April 15, 2011. The board appointed Knight to the Foundation leadership position in August 2010, in addition to his continued service as president and chief executive of the merged hospital and clinic system and health plan, now known as Scott & White Healthcare. Scott & White Healthcare is a non-profit collaborative health care system established in 1897 in Temple. The system, one of the nation's largest multi-specialty group practices, provides personalized, comprehensive, high-quality health care enhanced by medical education and research. Scott & White now consists of 12 hospitals and hospital partners, more than 60 clinics, a health plan and multiple subsidiaries. The system recently purchased land in Marble Falls and College Station to build two more hospitals.
2600 Via Fortuna Drive, Suite 300
Austin, Texas 78746
(877) 399-6538 begin_of_the_skype_highlighting (877) 399-6538 end_of_the_skype_highlighting
Children and youths: For unrestricted support: $150,000 to Austin Children's Shelter (Austin, Texas)
Robertson Foundation for Government
14255 U.S. Highway One
Juno Beach, Florida 33408
(561) 721-6700 begin_of_the_skype_highlighting (561) 721-6700 end_of_the_skype_highlighting
Higher education: For a fellowship program aimed at preparing graduate students for federal government careers in international relations: $386,400 over four years to Texas A&M U., Bush School of Government (College Station, Texas)
Webber Family Foundation
3112 Windsor Road, No. A 336
Austin, Texas 78703
(512) 495-9494 begin_of_the_skype_highlighting (512) 495-9494 end_of_the_skype_highlighting
Higher education: For scholarships and programs: $130,000 to Montgomery College (Rockville, Maryland)
NATIONAL GRANTS/GRANTMAKER NEWS
Signs of a Fund-Raising Rebound - Sixty-two percent of 245 nonprofit organizations surveyed by The Chronicle reported that they raised more in November and December 2010 than at the same time in 2009. But even as some groups are rebounding quickly from the recession, others continue to struggle. Twenty-four percent of organizations reported year-end gains of more than 20 percent, while 28 percent reported drops in giving. One in 10 said giving was flat during the holidays. http://philanthropy.com/article/Signs-of-a-Fund-Raising/126046/
A $9-Billion Philanthropic Windfall - Two funds created by the heiress Margaret A. Cargill could soon become wealthier than all but two other American grant makers. A set of philanthropies created by Margaret A. Cargill, an heir to the Cargill Corporation who died in 2006, could soon become, collectively, the third-wealthiest grant maker in the United States. The infusion of money—which could total roughly $9-billion—would come as part of a deal that is expected to enable the philanthropies to convert illiquid shares in the private Cargill Corporation, left to them by Ms. Cargill, into shares in Mosaic, a public company owned largely by Cargill, an international agricultural, food, and financial company. If all goes as planned, the transaction will give the three funds, known collectively as the Margaret A. Cargill Philanthropies, a way to settle Ms. Cargill’s estate this year—and launch them into the very top rung of the nation’s grant makers. Only the Bill & Melinda Gates Foundation, in Seattle, and the Ford Foundation, in New York, held more than $9-billion in assets as of 2009. The roughly $9-billion—a sum that will fluctuate depending on how Mosaic fares in the stock market—will be split between two funds, the Anne Ray Charitable Trust and the Margaret A. Cargill Foundation, in Eden Prairie, Minn. A third fund, the Akaloa Resource Foundation, holds $150-million in assets and will not receive additional money. The Margaret A. Cargill Foundation has a broad mandate. It will eventually support many causes: animal welfare; arts and culture; care for the elderly; children and families; the environment; and relief, recovery, and development. Its grant making in arts and culture, the environment, and relief and development is scheduled to begin this year. http://philanthropy.com/article/A-9-Billion-Philanthropic/126038/
Biggest Gifts to Charity Falter in Bad Economy - In yet another sign of how the nation’s economic slump is causing struggles for many charities, big donations from individuals and their foundations fell for the second consecutive year. The 10 biggest gifts donated by Americans in 2010 totaled more than $1.3-billion, compared with $2.7-billion in 2009 and $8-billion in 2008. In addition, only six individuals announced gifts of $100-million or more in 2010, a minor decline from 2009, when seven donors gave gifts of $100-million or more, but a significant drop from 2008, when 15 philanthropists announced gifts of that size. Topping the list is the approximately $117.2-million that the businessman Leonard Blavatnik pledged to the University of Oxford, to establish the Blavatnik School of Government. Mr. Blavatnik, who was born and raised in Russia, emigrated to the United States in 1978. He is the founder of Access Industries, an international corporation in New York, London, and Moscow. http://philanthropy.com/article/Biggest-Gifts-to-Charity/125771/
Georgia Southern University Awarded $250K Grant to Research Alternative Fuels - -- Georgia Southern University researchers have been awarded a $250,000 grant by the U.S. Department of Energy. The grant will allow researchers to study the emissions of alternative fuels designed to replace fossil fuels. Money will go towards purchasing new, cutting-edge equipment for the Renewable Energy Laboratory in the University's Allen E. Paulson College of Science and Technology. The equipment will be used to measure and analyze the emissions released when engines run on bio-fuels instead of diesel or gasoline.
Syracuse University professor wins grant for website accuracy checker - Syracuse University School of Information Studies Professor R. David Lankes recently became one of the recipients of a MacArthur Foundation award to build “Reference Extract,” an engine to measure the trust and accuracy of websites. http://www.syracuse.com/news/index.ssf/2011/01/syracuse_university_professor_5.html
ARPA-E Grant Will Fund NC State Research On Smart Grid Technologies - A new grant from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy ( ARPA-E ) will support North Carolina State University efforts to develop new technologies essential to the development of a “smart grid” that can easily store and distribute energy from renewable sources, such as solar and wind. The ARPA-E grant is for a total of $5.15 million over three years, the bulk of which will be going to Cree, which is leading the initiative. Partners in the initiative include NC State, ABB and Powerex. NC State will receive $750,000 over the life of the grant. NC State’s role is to develop a transformerless intelligent power substation ( TIPS ), says Dr. Subhashish Bhattacharya, an assistant professor of electrical and computer engineering at NC State and primary investigator for the university on the grant project. “TIPS will enable the vision of the smart grid,” Bhattacharya says. “It will be a more cost-effective and efficient means of connecting renewable energy resources to the existing power infrastructure.” http://media-newswire.com/release_1140574.html
Brown receives grant to increase students', professors' global exposure - Brown University has received a $497,990 grant from the Andrew W. Mellon Foundation to expand the international exposure of Humanities scholars and professors. The program, “Brown in the World/The World at Brown,” is a three-year, two-part program to be launched by the Cogut Center for the Humanities. The Brown in the World portion will allow graduate and postdoctoral fellows to spend one semester at an international institution, “with the goal of enriching their perspectives, teaching abilities, scholarship, and networks of international colleagues,” the university said.
Capital One Partners with College Sports Information Directors of America - Capital One Financial Corporation (NYSE: COF) today announced a partnership with the College Sports Information Directors of America (CoSIDA) to become the title sponsor of the Academic All-America® Program, the nation’s premier intercollegiate athletics scholar-athlete awards program. As part of its partnership, Capital One receives immediate entitlement of the program – the Capital One Academic All-America® Program - as well as for each of its individual programs, including the Academic All-America® and Academic All-District Teams, Academic All-America® Team Member of the Year, the Academic All-Americas® of the Year and the Academic All-America Hall of Fame®, established in 1988, to honor the Academic All-America selections that have gone on to outstanding achievements in their chosen careers. http://www.businesswire.com/news/home/20110131005219/en/Capital-Partners-College-Sports-Information-Directors-America
Ronald Reagan Presidential Foundation and GE Launch College Scholarship Program - The Ronald Reagan Presidential Foundation and GE announced today the launch of the GE-Reagan Foundation Scholarship Program to provide up to 200 four-year college scholarships over the next decade to deserving students who embody the vision and values personified by President Reagan. The GE-Reagan Foundation Scholarship Program will annually select up to 20 recipients to receive a $10,000 scholarship renewable for an additional three years – up to $40,000 total per recipient. Scholarships will be applied to student tuition, room, and board while the recipient is pursuing a bachelor’s degree at an accredited U.S. college or university. With a total $15 million grant, GE is the presenting sponsor of the Ronald Reagan Centennial Celebration, a year-long celebration for the President’s 100th birthday on February 6, 2011. As part of this partnership, $5 million was committed to establish this 10-year national college scholarship program. The Ronald Reagan Presidential Foundation is contributing $3 million to the program.
Donor commits $10 million for clean energy research - The University of California, Riverside announced Monday that Winston Chung, a Chinese battery technology scientist, inventor and entrepreneur, has expressed his intent to give $10 million to support clean battery power, solar energy and sustainable transportation research at the Bourns College of Engineering. Chung and UC Riverside Chancellor Timothy P. White today will sign a memorandum of understanding that will lead to the gift, which will make Chung the largest individual donor to the campus in UC Riverside history. Chinese-born Chung is the founder of Winston Global Energy Limited and inventor of the rare earth lithium yttrium battery. Since arriving in the United States, Winston Global Energy Ltd. announced it will provide $310 million to MVP RV, which is based in Riverside, to promote motorhome exports to China. Additional money will fund development of all-electric RVs and fast-charging electrical systems. The deal was one of about 70 between the U.S. and China announced in connection with the official state visit by Chinese President Hu Jintao, in what was called a demonstration of cooperation between the two countries.
Other Grants Given
American Express Company
World Financial Center 200
New York, New York 10285
(212) 640-5661 begin_of_the_skype_highlighting (212) 640-5661 end_of_the_skype_highlighting
Historic preservation: To support Save Ellis Island, a nonprofit organization focused on rehabilitating and reopening unrestored buildings on Ellis Island: $100,000 to National Trust for Historic Preservation (Washington, D.C.)
Bristol-Myers Squibb Foundation
345 Park Avenue, Room 44-51
New York, New York 10154
Health: To develop and test an integrated, community-based diabetes control strategy for older adults living in communities that have large populations of senior citizens but do not live in retirement homes or assisted-living facilities: $2,845,967 (shared) over three years to United Hospital Fund (New York, New York)
Health: To develop and test an integrated, community-based diabetes control strategy for older adults living in communities that have large populations of senior citizens but do not live in retirement homes or assisted-living facilities: $2,845,967 (shared) to New York City Department of Health and Mental Hygiene (New York, New York)
Carnegie Corporation Of New York
437 Madison Avenue
New York, New York 10022
(212) 371-3200; fax (212) 754-4073
Education: For organizational development: $1,500,000 over two years to Turnaround for Children (New York, New York)
Education: To turn around low-performing schools: $1,500,000 over two years to Mass Insight and Education and Research Institute (Boston, Massachusetts)
Education: To identify and develop school designs that combine traditional and online classroom instruction: $1,500,000 over two years to Charter Fund (Broomfield, Colorado)
Education: To engage teachers to design and carry out teacher-evaluation systems: $600,000 over three years to Hope Street Group (Los Angeles, California)
320 East 43rd Street
New York, New York 10017
(212) 573-5000 begin_of_the_skype_highlighting (212) 573-5000 end_of_the_skype_highlighting
Children and youths: For research on youth sexuality: $4,100,000 (shared) to Public Health Institute, Center for Research on Adolescent Health and Development (Oakland, California)
Children and youths: For research on youth sexuality: $4,100,000 (shared) to U. of Michigan (Ann Arbor, Michigan)
Children and youths: For research on youth sexuality: $4,100,000 (shared) to San Francisco State U., Health Equity Institute (San Francisco, California)
Children and youths: For research on youth sexuality: $4,100,000 (shared) to U. of Arizona (Tucson, Arizona)
1600 Amphitheatre Parkway
Mountain View, California 94043
(650) 253-0000 begin_of_the_skype_highlighting (650) 253-0000 end_of_the_skype_highlighting
Education: To increase the number of professionals teaching middle-school students science, technology, engineering, and mathematics in after-school programs: $250,000 to Citizen Schools (Boston, Massachusetts)
Andrew W. Mellon Foundation
140 East 62nd Street
New York, New York 10021
(212) 838-8400 begin_of_the_skype_highlighting (212) 838-8400 end_of_the_skype_highlighting
Higher education: For a mentoring program for early-career and women and minority faculty members: $400,000 over three years to U. of Massachusetts at Amherst (Amherst, Massachusetts)
Merck Company Foundation
1 Merck Drive, P.O. Box 100
Whitehouse Station, New Jersey 08889
(908) 423-2042 begin_of_the_skype_highlighting (908) 423-2042 end_of_the_skype_highlighting
Children and youths: For a leadership program for Afro-Colombian high-school students who are interested in pursuing a career in the health sciences: $135,000 to Phelps Stokes (Washington, D.C.)
27-01 Queens Plaza North
Long Island City, New York 11101
Education: For an accelerated-learning program: $3,000,000 to American Council on Education, GED Testing Service (Washington, D.C.)
New York Life Foundation
51 Madison Avenue, Suite 604
New York, New York 10010
(212) 576-7341 begin_of_the_skype_highlighting (212) 576-7341 end_of_the_skype_highlighting
Education: To develop a curriculum that prepares students for college and for professional-development training for teachers and principals: $200,000 over two years to Cristo Rey Network (Chicago, Illinois)
Northrop Grumman Corporation
1840 Century Park East
Los Angeles, California 90067
Education: To expand science, technology, engineering, and mathematics programs across the state: $250,000 to Maryland State Department of Education (Baltimore, Maryland)