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January 06, 2009

News Briefing: Foundation Won't Disclose Bush Library Donors

  • The Chesapeake Bay Foundation leads a group in suing the EPA.  [Washington Post]
  • Bush orders an immediate airlift to deliver vehicles and equipment to Darfur.  [New York Times]
  • The George W. Bush Presidential Library Foundation will not disclose its donors.  [Associated Press]
  • Since the Boston Archdiocese closed St. Frances Xavier Cabrini Church in 2004, parishioners have kept a vigil inside the church so that it cannot be put up for sale.  [New York Times]

Posted at 10:34 AM in Africa, Environment, Foundations, Religion | | Comments (0) | TrackBack (0)

January 05, 2009

News Briefing: A Donor’s Gift Soon Followed Clinton’s Help

  • Across New York, public employees turn down their raises and bonuses, citing the economic plight of fellow community members.  [New York Times]
  • An upstate New York developer donated $100,000 to the Clinton Foundation as Hillary Rodham Clinton pushed bills to help his mall project.  [New York Times]
  • Christmas wishes, posted online, are granted by a stranger.  [New York Times]
  • Employees at nonprofit and educational organizations may face fewer investment choices and more restrictions on how they can use their retirement money because of new IRS rules.  [Associated Press]
  • California philanthropic foundations and think tanks are shedding their traditionally detached stances to crusade for healthcare reform.  [Los Angeles Times]

Posted at 09:48 AM in Foundations, Grants, Healthcare, Technology | | Comments (0) | TrackBack (0)

December 18, 2008

News Briefing: Broad Foundation Donates $25 Million for Stem Cell Research

  • Senator Grassley considers legislation that would hold nonprofit hospitals more accountable for the billions of dollars in tax exemptions they enjoy.  [Wall Street Journal]

  • The losses the Shapiro Foundation has sustained due to Madoff have Boston-area nonprofits on edge.  [Boston Globe]

  • The Broad Foundation donates $25 million to UC San Francisco for stem cell research.  [Los Angeles Times]

  • Outraged philanthropists worldwide reel from Madoff scam.  [Reuters]

  • Bill Clinton's foundation has raised at least $46 million from Saudi Arabia and other foreign governments that his wife may end up negotiating with as the next secretary of state.  [Associated Press]

Posted at 10:54 AM in Finance, Foundations, Healthcare | | Comments (0) | TrackBack (0)

December 11, 2008

News Briefing: Princeton Settles Money Battle Over Gift

  • Princeton reaches a settlement with heirs to the A&P grocery fortune over a gift donated in 1961.  [New York Times]
  • Frank Batten donates up to $70 million to Culver Academies, the military boarding school he attended in Indiana.  [The Virginian-Pilot]
  • Wealthy families use mission statements to set goals in their family foundations.  [Wall Street Journal]
  • National Public Radio is cutting 7% of its work force due to an unexpected revenue shortfall.  [New York Times]

Posted at 09:46 AM in Arts, Education, Foundations | | Comments (0) | TrackBack (0)

December 10, 2008

News Briefing: From Canned Goods to Fresh, Food Banks Adapt

  • Food banks are no longer simply the domain of canned corn and peanut butter, offering ready-to-eat meals, fresh produce, and social services.  [New York Times]
  • Thomas Menino, Mayor of Boston, forms a task force to negotiate ways in which nonprofit universities and hospitals increase their payments in lieu of taxes.  [Boston Globe]
  • The Baltimore Opera Company files for bankruptcy.  [Baltimore Sun]

Posted at 10:59 AM in Arts, Education, Foundations | | Comments (0) | TrackBack (0)

December 05, 2008

News Briefing: Soaring in Art, Museum Trips Over Finances

  • A new company enables individuals to support a worthy cause simply by clicking online.  [San Francisco Chronicle]
  • U.S. foundations gave money to international causes at record levels in 2007.  [Associated Press]
  • The Museum of Contemporary Art in Los Angeles faces a financial crisis that threatens its survival as an independent institution.  [New York Times]

Posted at 10:45 AM in Arts, Foundations, Technology | | Comments (0) | TrackBack (0)

December 03, 2008

News Briefing: College May Become Unaffordable for Most in U.S.

  • Clinton's conference in Hong Kong results in pledges to charities worth $185 million.  [Associated Press]

  • Harvard University says its endowment has dropped $8 billion in the last four months.  [Associated Press]

  • The rising cost of college threatens to put higher education out of reach for most Americans, according to a new report.  [New York Times]

  • JPMorgan Chase will match Washington Mutual's 2008 level of corporate philanthropy in Washington state in the coming year.  [Seattle Post-Intelligencer]

  • Despite a drop in assets, the Weinberg Foundation distributes a record $100 million in grants to nonprofits.  [Baltimore Sun]


  • Philip J. Smith is named chairman of the Shubert Organization and the Shubert Foundation, replacing his longtime friend Gerald Schoenfeld, who died last week.  [New York Times]

Posted at 10:02 AM in Arts, Clinton Global Initiative, Education, Foundations | | Comments (0) | TrackBack (0)

November 20, 2008

News Briefing: America's Attic Is Ready for Its Public

  • Veteran civil rights activist Julian Bond will not seek another term as chairman of the NAACP.  [Baltimore Sun]
  • Los Angeles' Museum of Contemporary Art is seeking large cash infusions from donors after falling into economic crisis.  [Los Angeles Times]
  • The Wallace Foundation awards $7.7 million to nine Seattle arts groups and the Washington State Arts Commission.  [Seattle Times]
  • The National Museum of American History reinvents itself after an $85 million overhaul.  [Washington Post]
  • A MacArthur Foundation study describes new-media usage.  [New York Times]

Posted at 10:47 AM in Arts, Foundations, Technology | | Comments (0) | TrackBack (0)

November 12, 2008

News Briefing: 'Idol' Gives Back Over $64 Million to Charities

  • A New York Times executive becomes the president and chief executive of National Public Radio.  [New York Times]
  • American Idol allocates $64 million in grants to six charities.  [Associated Press]
  • As formalized philanthropy in the Middle East surges, nonprofits around the world can expect billions of new donated dollars.  [Wall Street Journal]

Posted at 10:21 AM in Arts, Celebrities, Foundations, International | | Comments (0) | TrackBack (0)

September 09, 2008

News Briefing: Charities Uneasy After Federal Takeover of Fannie Mae and Freddie Mac

  • The Heinz Family Foundation announces its $250,000 award winners.  [Associated Press]
  • College presidents and policy experts defend the rising costs of tuition and argue against forcing colleges to spend more of their endowments.  [New York Times]
  • The government's takeover of Fannie Mae and Freddie Mac make charities in the D.C. area uneasy about future funding.  [Washington Post]

Posted at 10:04 AM in Corporate Philanthropy, Education, Foundations, Government | | Comments (0) | TrackBack (0)

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