Donation Revenue Jumped 2 Percent in 2014, Survey Finds
Online gifts climbed nearly 9 percent, making this the third consecutive year of growth for Internet and overall contributions, Blackbaud reports.
By Rebecca Koenig
Contributor
Big 2014 Losses Spell End for $250-Million N.Y. Nonprofit
The Federation Employment and Guidance Service, one of the country’s largest social-service charities and a major provider of New York City programs for vulnerable populations, said Friday that it is shutting down after losing $19.4-million last year, Crain’s New York Business writes.
Stanford U. Gets $50-Million Gates Grant for Vaccine Work
The 10-year-grant announced Friday by the university and the Bill & Melinda Gates Foundation will help establish a new Stanford center focused on harnessing the immune system to develop inoculations for AIDS, malaria, and other deadly diseases, reports Reuters.
In Funding Rethink, Synagogues Test Voluntary Dues Policy
A small but growing number of Jewish congregations are switching from mandatory membership dues to a “pay what you want” system, which marks the first systematic reconsideration of synagogue financing since the dues system gained currency a century ago, writes The New York Times.
Obituary: Carroll Petrie, N.Y. Patron of Arts and Medicine
The prominent socialite, who gave hundreds of millions of dollars to hospitals, cultural institutions, and other causes, died at her Manhattan home January 22 at age 90, The New York Times reported Sunday.
Egypt’s Crackdown on Political Islam Hits Faith Charities
Major charities serving Egypt’s poor have been left reeling by the government’s crackdown on the Muslim Brotherhood political organization, Foreign Policy magazine writes.
‘Dreamy’ Jeff Bridges Super Bowl Ad Seeks Help in Fight Against Hunger
The actor who played iconic slacker movie character “The Dude” will devote the proceeds of his “sleeping tapes” to the No Kid Hungry campaign.
By Drew Lindsay
Senior Editor, Special Projects
College Funds See 2nd Straight Year of Double-Digit Growth
College and university endowments posted an average investment return of 15.5 percent in the 2014 fiscal year, with stock-market gains a key factor, The Chronicle of Higher Education and Bloomberg write.
Mass. Judge Rejects Nonprofit Health Giant’s Growth Deal
The ruling Thursday torpedoed a consent agreement that would have paved the way for Partners HealthCare to acquire three more hospitals, with a judge saying the deal did not do enough to blunt the market dominance of the state’s largest medical network, reports The Boston Globe.
Professor’s Suit Over U. of Illinois Non-Hire Targets Donors
Steven G. Salaita is seeking damages from as-yet-unidentified donors he claims influenced the University of Illinois at Urbana-Champaign’s decision to rescind an offered professorship amid controversy over his public condemnations of Israel, The Chronicle of Higher Education writes.