Ellison Foundation Will Receive $100-Million
Oracle CEO gives $100-million to his medical foundation
Celebrities Honored for Charity Work
Brad Pitt was named one of “15 People Who Make America Great” by Newsweek magazine for using his celebrity to promote often neglected causes in Africa. Mr. Pitt and actress Angelina Jolie recently sold the first picture of their daughter Shiloh Nouvel to People magazine for a reported $4-million,…
Charities Acted as Conduits for Lobbying Money
Charities accused of funneling money to lobbying campaigns
Arab Nations Donate to International Aid Efforts
Arab nations donate to international aid efforts
Youth Soccer Groups Face IRS Penalties
A nonprofit Connecticut youth soccer league is appealing an Internal Revenue Service audit that assessed $334,000 in back taxes and fines that league leaders say could drive it out of business, reports The New York Times. The case, in Fairfield, could set a precedent for nonprofit sports leagues.…
Chinese officials have been auditing nonprofit groups in what critics say is an effort to intimidate and disrupt their work, reports The San Francisco Chronicle. The director of one environmental group, Green Watershed, told the Chronicle that the organization has “experienced investigations…
As more and more celebrities sign on to support charitable causes, some observers say that not doing so could become a liability for stars, reports USA Today.
Warren Buffett Gives Major Share of Fortune to Gates Foundation
Buffett plans to give away major share of his fortune to the Gates Foundation
Soros Extends His Foundations’ Future
George Soros decides to keep his foundations alive after his death