Japanese Billionaire Houses Needy Hawaiians in Mansions
Billionaire offers rent-free housing to needy Hawaiians
If you will be attending the annual conference of the Association of Fundraising Professionals starting on Sunday in Dallas, we encourage you to stop by our booth, meet our staff members, and pick up a free copy of our new Fund-Raising Services Guide. You will find The Chronicle at Booth 711.
Foundations Should Stop ‘Apocalyptic’ Warnings About Payouts
Foundations should stop claiming they will suffer “apocalyptic” damage if they are forced to increase the share of their assets they distribute in grants each year from 5 percent to 6 percent, Todd Cohen writes in his blog Inside Philanthropy. “Foundations claim they are at risk of going out of…
Gates Foundation Pledges $122-Million for D.C. Students
Gates Foundation pledges $122-million to help D.C. students
Nonprofit Group Sued for Selling Donated Katrina Mattresses
Nonprofit group sued for selling mattresses donated to Katrina victims
Church Rift Could Threaten Big Missionary Network
Church rift could threaten a big missionary network
Charities Lobby for Permanent IRA Tax Breaks
Charities lobby to make retirement-account break permanent
17-Inch Horse to Raise $1-Million for Children
Tiny horse will raise money for children’s causes
Michigan Supreme Court Ruling on Hospitals Could Be Important Nationwide
The Michigan Supreme Court has ruled that a health-care facility can maintain its tax-exempt status even though it spends less than 1 percent of its budget on charity care. The ruling was a surprise, says Dan Prives, a nonprofit-finance expert who writes the blog Where Most Needed, because…