To Spend a Windfall Wisely Takes Time, Energy, and Restraint
Groups like the American Guild of Organists, which received an unexpectedly hefty bequest in January, say it’s best to take a long-term view and not rush to spend.
By Debra E. Blum
Contributor
Supporting Science and Math Studies: a Sampling of Recent Grants
Science museums, youth programs, and many other organizations are benefiting from a growing emphasis on improving how American students are trained.
Oxfam’s Ex-Fraud Chief Pleads Guilty to Defrauding Charity
Prosecutors said Edward McKenzie-Green stole $108,000 through phony invoices to Oxfam during his tenure as the global aid charity’s top fraud watchdog, the BBC reports.
Property Magnate Azrieli’s Family to Donate $100-Million
The daughters of Canadian-Israeli real-estate magnate David Azrieli outlined plans to the Jerusalem Post for the family to give $100-million to charities and philanthropic funds over the next three to five years.
N.Y. Lawmaker Boyland Convicted on Nonprofit-Fraud Charge
Assemblyman William F. Boyland, a member of a prominent Brooklyn political family, was found guilty Thursday on multiple corruption charges, including an allegation that he steered state money to a charity he controlled for his own use, reports The New York Times.
Web Mogul Benioff Urges Tech Firms to Step Up S.F. Giving
The Salesforce.com billionaire is calling on technology peers to contribute a collective $10-million for Bay Area anti-poverty programs in what the San Francisco Chronicle calls the start of a larger, concerted challenge to engage the industry in regional philanthropy.
Live Updates From the 2014 SXSW Interactive Festival
Follow Twitter updates from our staff in Austin, Tex., as we cover nonprofit-focused sessions at the annual conference.
By CODY SWITZER and Raymund Flandez
Richest African Donating $1.2-Billion to Endow Foundation
Nigerian industrialist Aliko Dangote pledged cash and stock in his companies to establish a permanent endowment for his eponymous philanthropy, according to Forbes and Nigerian newspaper This Day Live.
Former IRS Nonprofits Chief Again Takes 5th at House Hearing
Lois Lerner, the former Internal Revenue Service official at the center of the scandal over alleged targeting of conservative organizations, declined for a second time to answer congressional questions Wednesday, invoking her Fifth Amendment right against self-incrimination, The Washington Post reports.
Ex-NAACP Leader Jealous to Join Calif. Social-Impact Firm
Benjamin Jealous, the former NAACP chief executive credited with reinvigorating the civil-rights organization during a five-year tenure that ended in December, is joining a West Coast venture-capital company that specializes in social investing, reports the San Francisco Chronicle.