Board Member Applies a ‘Light Touch’
The Jewish Federation/Jewish United Fund of Metropolitan Chicago draws such a high number of donors to its annual fund-raising campaign that nearly any charity would envy it. Nearly 40,000 people give to the organization each year, from a community with roughly 100,000 Jewish households whose…
By Ben Gose
Senior Editor
Concerns Raised About How University Used a Big Gift
Concerns raised about how university used a big gift
By Ben Gose
Senior Editor
Charities Urge Next President to Expand Giving Incentives
Study examines priorities of charity leaders for the next president
By Ben Gose
Senior Editor
As signs continue to indicate that the crisis in the nation’s financial markets will spill over into a full-blown recession, stock-market volatility and the credit crunch are hitting foundations and charities in myriad ways. Initially, the market’s plunge primarily affected investment returns at…
By Ben Gose, Ian Wilhelm and Paula Wasley
Foundations and Charities Harmed by Economic Turmoil
Foundations and charities harmed by economic turmoil
By Ben Gose
Senior Editor
Endowment Managers Consider How to Handle Downturn
Some investment committees at charities and foundations plan to hold special meetings to assess their endowments’ exposure to the most toxic stocks in the Wall Street crisis. But so far, few nonprofit organiations and foundations are panicking and selling stocks to preserve capital. “You have to…
By Ben Gose
Senior Editor
One of the Nation’s Biggest Grant Makers Founders in Wall Street Tumult
The near-collapse of the insurer American International Group is reverberating through the foundation and charity world. The biggest casualty may be the Starr Foundation, which was worth roughly $3-billion only a year ago, and is ranked No. 16 in the Foundation Center’s list of the largest…
By Ben Gose
Senior Editor
Executive Compensation Is the Focus of a New Charity Tax Form
With the debut this year of a new tax form to be filed with the Internal Revenue Service, charities will face many changes in how they disclose information to the public. Perhaps most significant is the new focus on executive compensation. “Everything has been flipped,” says Ken Berger, president…
By Ben Gose
Senior Editor
Executive Pay Outpaces Inflation
The median pay increase of leaders of the nation’s largest nonprofit organizations outpaced inflation last year, according to The Chronicle’s 16th annual survey of executive compensation and benefits. Chief executives at the nation’s biggest charities and foundations received a median pay increase…
By Ben Gose
Senior Editor
New Red Cross Leaders Outline Fund-Raising Ambitions
With a new president and chief fund raiser in place, the American Red Cross is poised to unveil its most ambitious capital campaign ever — but first it needs money just to pay off its bills for sheltering and providing food to victims of the current hurricane season. Gail J. McGovern, the Red…
By Ben Gose
Senior Editor