Foundation Assets Are Climbing, but Grants Are Still Competitive
A Chronicle survey of the wealthiest grant makers finds that assets are still at least 16 percent lower than in 2007, but that hasn’t put a crimp on ambitious new programs to deal with issues like climate change, cybersecurity, and income inequality.
By Sarah Frostenson and Doug Donovan
Charities Predict Increases in Giving After Strong 2013
Thirteen percent believe donations will grow by at least 15 percent after 2013 showed strong gains following many years of struggle.
By Raymund Flandez
Contributor
Google CEO Larry Page Gave $177-Million to Charity Last Month
Despite his claim that he would rather give to entrepreneur Elon Musk than to charity, the Google CEO made a $177-million gift to a nonprofit, according to SEC records.
By Maria Di Mento
Senior Editor
Live Updates From the 2014 International Conference on Fundraising
Get the latest from our reporters at the Association of Fundraising Professionals’ International Conference on Fundraising, in San Antonio, which ends today.
Google CEO Says He’d Give Billions to Elon Musk, Not Charity
Larry Page, the chief executive officer of Google, said Wednesday that he would rather donate his fortune to the billionaire technology entrepreneur Elon Musk than to a philanthropic enterprise, Business Insider and Wired report.
Mich. Gaming Board Drops Planned Charity-Poker Limits
The state regulatory agency has withdrawn proposed new rules on gambling fundraisers that drew strong opposition from nonprofit groups across the state, the Detroit Free Press writes.
Starbucks Boss Pledges $30-Million to Aid U.S. War Veterans
Howard Schultz told CBS News the funds will support job training for troops returning home from Iraq and Afghanistan and research into brain trauma and post-traumatic stress.
Foreseeing Financial Pitfalls, San Diego Opera to Fold
The board of the San Diego Opera voted Wednesday to shut down the country’s 10th largest opera company at the end of its current, 49th season, U-T San Diego reports.
CEO Who Led Minn. Orchestra Through Lockout to Step Down
Michael Henson will leave office in August, ending a seven-year tenure that saw both fundraising success and a bitter labor battle that silenced the Minnesota Orchestra for 16 months, reports the Star Tribune.
Audit Cites Lavish Expenses by Charity Serving Vancouver’s Poor
The Portland Hotel Society, which has received millions of dollars in taxpayer funds to provide social services in Vancouver, spent hundreds of thousands on overseas trips, limousine rides, and other luxury perks, the Vancouver Sun reports, citing an audit commissioned by city and British Columbia provincial agencies.