Marketing Expert Picked to Lead Red Cross
The new president of the American Red Cross called the charity “an incredibly powerful brand” that continues to appeal to the American people despite the “hits” it has taken in recent years. “This is a brand to die for,” Gail J. McGovern, who has been a marketing professor at the Harvard Business…
By Ben Gose
Senior Editor
Koch Industries is one of the largest privately held companies in the world, with more than $100-billion in revenue from operations in industries like oil, chemicals, and timber — but it is far from a household name. “We’re the largest company that you’ve never heard of,” says David H. Koch, who…
By Ben Gose
Senior Editor
The owners of Hobby Lobby, a chain of arts-and-crafts stores, were eyeing a year of strong profits late last year, and they knew they wanted to expand their giving. David Green, who started the 400-store chain with a $600 loan and turned it into a fortune worth $1.8-billion, according to Forbes…
By Ben Gose
Senior Editor
Three Convicted of Lying in Charity Terrorism Case
A federal jury this month convicted three former leaders of a defunct Boston charity of lying to obtain tax-deductible donations and using the funds to support Islamic militants. The charity, Care International, operated from 1993 to 2003 and collected $1.7-million in donations. Emadeddin…
By Ben Gose
Senior Editor
Once a week, Jon M. Huntsman Sr. travels to the cancer institute he started here to greet and comfort patients battling a disease with which he is intimately familiar. Mr. Huntsman and his wife, Karen, founded the Huntsman Cancer Institute at the University of ALSO SEE: DATABASE: America’s Top…
By Ben Gose
Senior Editor
Three Charities Win Money to Vastly Expand Operations
A foundation known for encouraging its most-successful grantees to think bigger is now helping those organizations raise “growth capital” from other foundations so that the charities can carry out aggressive expansion plans. The Edna McConnell Clark Foundation, which focuses on charities that serve…
By Ben Gose
Senior Editor
The board of the American Red Cross took 16 months to find Mark W. Everson — and just over a week to fire him. ALSO SEE:ARTICLE: Charities Set Differing Rules for Employees’ Relationships In the six months that Mr. Everson served as the charity’s chief executive officer, the Red Cross was by most…
By Ben Gose
Senior Editor
Red Cross Clears Ousted CEO of Financial Wrongdoing
Red Cross clears ousted CEO of financial wrongdoing
By Ben Gose
Senior Editor
IRS Considers Monitoring Charity Efficiency
The Internal Revenue Service may take aggressive steps to help the public identify inefficient and ineffective nonprofit organizations, says Steven T. Miller, the commissioner of the agency’s tax-exempt and government-entities division. “Efficiency and effectiveness have obvious implications when…
By Ben Gose
Senior Editor