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NEW YORK (Reuters) - The endowments of New York City's pricey private schools are flourishing thanks to a steady inflow of contributions from wealthy donors and the boost to portfolios from the rising U.S. stock market.
The Hawaiian Dredging Construction Company will return to Pearl Harbor to modernize its shipyard. The Navy awarded the contract worth close to $3 billion a few weeks ago.
Sugar permanently transformed Hawaii's landscape, propelled immigration and laid the foundation for an early middle class.
UH says it was hamstrung in raising the money needed to maintain the Jean and Zohmah Charlot House, built in Kahala in 1958.
Walter Dillingham, author of Catholic Foundations in the US Revisited, found that “83% of the 181 dioceses utilize separate foundations” and that “only 67% of the foundations provide any financial disclosure to the marketplace.