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January 14, 2010

News Briefing: Haiti Relief Effort Faces ‘Major Challenge’

  • Charity experts say private donations will be critical to helping Haiti.  [USA Today]
  • European and international relief organizations are worried that aid could be slowed by the damage to the country's airport, roads, and power supplies.  [New York Times]
  • Texas Governor Rick Perry says the state will not compete for up to $700 million in federal education money because the program is an intrustion on states' control over education.  [New York Times]
  • The American Red Cross reports it has raised more than $800,000 through an online/text-messaging campaign.  [Baltimore Sun]

Posted at 10:12 AM in Disasters, Education, Government, Technology | | Comments (0)

January 06, 2010

News Briefing: Threats Lead Food Agency to Curtail Aid in Somalia

  • Approximately a dozen charities in the Charleston area received fake checks in a cruel Christmas hoax.  [Associated Press]
  • The United Nations World Food Program announces that it is suspending food deliveries to one million people in southern Somalia.  [New York Times]
  • President Obama announces a $250 million public-private effort to improve science and mathematics instruction.  [Washington Post]

Posted at 09:49 AM in Education, Government, International | | Comments (0)

December 09, 2009

News Briefing: Civil Liberties Group Loses $20 Million Donor

  • A longtime anonymous donor to the A.C.L.U. has withdrawn his annual gift of more than $20 million, creating a 25% hole in its annual operating budget.  [New York Times]
  • The Victor Pinchuk Foundation announces a new $100,000 prize for artists under the age of 35.  [New York Times]
  • The Cuneo Foundation donates the Cuneo Museum and Gardens to Loyola University in Chicago.  [Chicago Sun-Times]
  • The Red Cross appeals for $32 million to feed 220,000 Zimbabweans.  [Associated Press]
  • Feed the Children officials accuse fired president Larry Jones of soliciting kickbacks while at the charity.  [The Oklahoman]

Posted at 10:53 AM in Arts, Education, Foundations, Fundraising | | Comments (0)

December 07, 2009

News Briefing: Charities Rise, Costing U.S. Billions in Tax Breaks

  • The Internal Revenue Service approved 99 percent of the applications it received for public charity status last year, according to a new survey.  [New York Times]
  • Hedge fund managers dominate the boards of many of the city's charter schools and support organizations.  [New York Times]
  • Gates Foundation CEO Jeff Raikes pushes to make big bets on innovation and to focus on projects that get measurable results.  [BusinessWeek]

Posted at 09:46 AM in Education, Finance, Gates | | Comments (0)

December 04, 2009

News Briefing: Philanthropist Got $1b in Fake Profit, Madoff Trustee Says

  • An anonymous group of donors has given more than $12 million to Gann Academy in Waltham, Massachusetts.  [Boston Globe]
  • Over the next five years, 18 artists around the country will receive $50,000 unrestricted grants from the John S. and James L. Knight Foundation.  [New York Times]
  • Trustee Irving Picard accuses Boston philanthropist Carl Shapiro and his family foundation of reaping $1 billion in fictitious profits from Madoff's Ponzi scheme.  [Boston Globe]
  • Harvard Law School suspends a program that would waive tuition for third-year students who pledge to spend five years working for nonprofits or for the government.  [New York Times]

Posted at 09:50 AM in Education, Foundations | | Comments (0)

December 01, 2009

News Briefing: Harvard Ignored Warnings About Investments

  • South Africa will treat all HIV-positive babies and expand testing.  [Associated Press]
  • Through the first half of this decade, advisers told Lawrence Summers that Harvard was being too aggressive with billions of dollars in cash.  [Boston Globe]

Posted at 10:19 AM in Africa, Education, Finance, HIV/AIDS, International | | Comments (0)

November 23, 2009

News Briefing: Gates Donates $335 Million to Schools

  • The Gates Foundation announces a $335 million investment in teacher effectiveness, with major grants for experiments in tenure, evaluation, compensation, training, and mentoring.  [Boston Globe]
  • President Obama announces an Educate to Innovate campaign, whose purpose is to improve science and mathematics education for American children.  [New York Times]
  • Princes William and Harry set up a grant-giving foundation to help young people, wounded servicemen, and help sustainable development at home and abroad.  [People Magazine]
  • This holiday season, some workplaces replace the holiday party with donation drives.  [Washington Post]

Posted at 10:11 AM in Education, Foundations, Fundraising, Gates | | Comments (0) | TrackBack (0)

November 13, 2009

News Briefing: $10 million Gift Energizes Charter Chain

  • KIPP, Houston's largest charter school chain, receives $10 million from the Gates Foundation.  [Houston Chronicle]
  • A copy of the 2008 tax filing for the Goldman Sachs Foundation provides a glimpse of the legendary trading that has put the firm on track for its best year ever.  [New York Times]

Posted at 10:32 AM in Arts, Education, Foundations | | Comments (0) | TrackBack (0)

October 07, 2009

News Briefing: Amount Embezzled From Acorn Is Disputed

  • The Artistic Director of Symphony Space steps down.  [New York Times]
  • Producers of "American Idol" say the show's charity effort will return next year.  [Associated Press]
  • An internal review at Acorn, reveals that its founder's brother embezzled $5 million from the group, according to a subpoena served Monday by the Louisiana attorney general.  [New York Times]
  • Six hundred and fifty million of the stimulus package will go directly to school districts or schools in partnership with colleges, philanthropies, nonprofit companies that turn around failing schools, or other nonprofit groups.  [Associated Press]

Posted at 11:04 AM in Arts, Celebrities, Education | | Comments (0) | TrackBack (0)

September 28, 2009

News Briefing: ‘Genius Grant’ Allows Reporter to Chase More Crime

  • A $500,000 'genius grant' from the MacArthur Foundation will allow Jerry Mitchell to further investigate the 1964 murders of three men who tried to register black voters in Mississippi.  [New York Times]
  • The Chronicle of Philanthropy releases its 17th annual ranking of nonprofit CEO compensation; James Mongan of Partners HealthCare Systems was the most highly compensated CEO in 2008.  [USA Today]
  • Raymond Rich, a wealthy industrialist, has left a bequest estimated at $75 million to Marist College.  [Des Moines Register]

Posted at 10:18 AM in Education, Foundations | | Comments (0) | TrackBack (0)

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