Penn Foundation Grant Cut Unsettles Philly Dance Companies
The umbrella organization serving dance companies in Philadelphia will shut down in the wake of the William Penn Foundation’s decision to cease funding the eight-year-old nonprofit, The Philadelphia Inquirer reports.
Wis. Groups Mull Merger to Preserve Green Bay Orchestra
The Green Bay Symphony Orchestra, which is set to shut down at the end of the current season due to shrinking donations and ticket sales, could get a new lease on life through a proposed partnership with the Madison-based Wisconsin Chamber Orchestra, reports the Green Bay Press-Gazette.
Microsoft Co-Founder Pledges $100-Million for Cell Research
New institute will investigate cell behavior at the basic level as a foundation for disease advances.
By Michael Anft
Contributor
36 Private Colleges Paid Heads More Than $1-Million in 2012
Average pay for presidents at private colleges and universities rose 2.5 percent to nearly $400,000 in the 2012 fiscal year, with the highest-paid campus leader, Shirley Ann Jackson of Rensselaer Polytechnic Institute, taking home $7.1-million in salary and deferred compensation, reports The Chronicle of Higher Education.
$60-Million Bequest to Disgraced Catholic Order Challenged
The niece of a Rhode Island woman who left $60-million to the Legion of Christ, a Catholic order whose late founder molested seminarians for decades, is asking the state’s Supreme Court to let her sue to reclaim the funds, the Associated Press reports.
Millennials Seen as Boon for Socially Responsible Investing
Members of the millennial generation—the 80 million-plus Americans born in the 1980s and ‘90s—are helping drive huge growth in funds that invest in firms that embrace social and environmental goals, according to the Los Angeles Times.
Minn. Orchestra Touts Fiscal Health on Rebound From Lockout
The Minnesota Orchestra reduced its budget shortfall and increased its assets for the fiscal year ending Aug. 31, presenting a relatively rosy financial picture for the organization as it recovers from a protracted labor battle, the Star Tribune reports.
$38-Million Gift Backs Atlanta’s Woodruff Arts Center
The Robert W. Woodruff Foundation’s donation will bolster the cultural consortium’s endowment and fund capital improvements, The Atlanta Journal-Constitution and the Atlanta Business Chronicle write.
Ark. City Rejects Bloomberg Funds Over Political Stands
The Jonesboro City Council voted down a resolution to partner with a voluntarism and community-service nonprofit founded by Michael Bloomberg because of the former New York mayor’s views of gun control and abortion rights, reports Talk Business & Politics, an Arkansas magazine.
Former Head of Bronx Charity Admits to $900,000 Theft
Yolanda Gonzalez, the former executive director of housing and social-service agency Nos Quedamos (We Stay), faces up to four and a half years in prison after pleading guilty Thursday to larceny and tax fraud, reports The New York Times.