Cornell Donations Rise by $44.5M In F.Y. 2014-15

Philanthropic donations to Cornell increased by $44.5 million — about eight percent — from $546.1 million to $590.6 million for the 2014-15 fiscal year, according to the Council for Aid to Education. The council, which conducts an annual survey to calculate donations, ranked Cornell as the fifth university to receive the most donations, behind Stanford, Harvard, the University of Southern California and the University of California, San Francisco. Nationally, colleges raised a record $40.30 billion, which is the highest since the inception of the survey in 1957, according to the council. Frederick Van Sickle, vice president of alumni affairs and development, said the increase in donations is due to the vibrancy of Cornell’s alumni community. “Cornell is blessed with a passionately supportive alumni community that responded to the University’s needs and aspirations through the record setting and just-completed Cornell Now campaign,” Van Sickle said.

University to Receive Portion of Helmsley Estate

Cornell will be one of the beneficiaries of the late hotelier Leona Helmsley’s multi-billion dollar estate, The New York Times reported Wednesday. Helmsley, was known as the “queen of mean” according MSNBC, and she was able to amass her estimated $5 billion estate because of her cutthroat business mentality.

Weills Give $170M to Med School

Sanford Weill ’55, whose name adorns multiple buildings throughout Cornell’s Ithaca and New York City campuses, has once again pledged a nine digit sum to his alma mater, helping the University continue to grow even as it faces a stringent budget deficit.
Vice President for University Communications Tommy Bruce confirmed last night that Weill gave the Weill Cornell Medical College $170 million in December and January in order to allow the University to build a new medical research building.[img_assist|nid=36637|title=Weill Donations|desc=|link=node|align=left|width=131|height=198]