Diversification of assets helps charities achieve 11.7% gainThe University of Richmond’s $1.39-billion endowment, like so many of the nation’s largest endowments, ALSO SEE: DATABASE: Endowments at Nonprofit Organizations TABLE: Endowments at 72 organizations that support nonprofit groups ARTICLE:…
By Ben Gose, Maria Di Mento and PETER PANEPENTO
Status and recent results of drives for endowments, capital improvements, and other needs Started or announced Closing date Goal Amount raised Purpose Cranbrook Educational Community (Mich.) Nov. 2006 June 2010 $150,000,000 $132,000,000 For endowment, facilities, operations, and programs Florida…
American Craft Council (New York): Appointed Sue-Ellen M. Wright, assistant vice president for corporate development and sponsorship marketing at the New Jersey Performing Arts Center (Newark), to be director for institutional advancement. American Indian College Fund (Denver): Appointed Dina…
Following are summaries of recent reports by the BBB Wise Giving Alliance. This private group reports on whether charities meet standards for fund raising, governance, financial management, and public information. The alliance does not approve or disapprove of charities, and urges potential donors…
As the Internal Revenue Service cracks down on charities that it says have provided down-payment help that is of more benefit to property owners than to needy home buyers, another agency has taken steps to discourage such assistance in the future. The Department of Housing and Urban Development…
By Elizabeth Schwinn
Contributor
Knight Foundation Awards $12-Million for Digital News Projects
The John S. and James L. Knight Foundation announced this month the first winners of an unusual contest to foster blogs and other digital efforts that seek to bring together residents of a city or town in ways that local newspapers historically have done. The foundation awarded $12-million to…
By Ian Wilhelm
Contributor
Two Key Senators Urge IRS to Require Charities to Disclose Additional Information
Two key Senators urge IRS to require charities to disclose additional information
By Elizabeth Schwinn
Contributor
Mitt Romney Pledges Salary to Charity if Elected President
Mitt Romney pledges salary to charity if elected president