Big Hospitals Saw Investments Grow by 14.1%
Investment assets at the nation’s largest nonprofit hospitals and medical centers rose an average of 14.1 percent last year, reversing a three-year downturn, according to a report from the Commonfund Institute. The increase occurred in part because the 204 health-care organizations surveyed --…
By Brad Wolverton
Contributor
As part of a Congressional investigation into alleged ties between charities and terrorist organizations, the Senate Finance Committee plans to hold a hearing -- possibly as early as next week -- on terrorism financing. Earlier this year, the Senate Finance Committee, which oversees nonprofit…
By Elizabeth Schwinn and Brad Wolverton
Many Americans Are Still Skeptical of Charities, a New Opinon Poll Finds
Public confidence in charitable organizations, which declined after the September 11, 2001, attacks, ALSO SEE: Americans’ Views of Charities continues to stagnate and shows no signs of recovering, according to a new report by the Brookings Institution, a Washington think tank. The report is to be…
By Brad Wolverton
Contributor
A Technology Company’s Acquisitions Change an Industry
In the past 18 months, Kintera, a San Diego company that helps charities raise money online, has gone on a buying ALSO SEE: Building Better Technology A Drive to Unleash the Internet’s Power binge -- swallowing up more than a dozen other companies and organizations that offer technology services to…
By Brad Wolverton
Contributor
A Drive to Unleash the Internet’s Power
After amassing a fortune from biotechnology work, entrepreneur seeks to dominate nonprofit marketSan Diego When Harry E. Gruber sets out to do something, he dreams big -- and in 52 years, he has accomplished a lot. After ALSO SEE:Building Better Technology completing medical school, he conducted…
By Brad Wolverton
Contributor
Critics Fear New Reality-TV Show Might Send Wrong Signal on Giving
The art of giving away money meets reality television this week when a new show called The Benefactor makes its debut on ABC. The show stars Mark Cuban, the Internet billionaire and irreverent NBA owner who has gained notoriety by yelling at referees. His job as the benefactor is to put 16…
By Brad Wolverton
Contributor
Antiterror rules prompt withdrawals from annual driveAs the federal government intensifies its efforts to discover charities that support terrorist activity, ALSO SEE:Checking Employees: How Charities Are Complying With New Rule a new government regulation has come under scrutiny. The rule requires…
By Brad Wolverton
Contributor
Muslim Charity Indicted in Federal Court on Charges That It Supported Terrorists
One of the nation’s largest Muslim charities and seven of its top officials were indicted last week in federal court on charges of providing $12.4-million in support during the past nine years to the Islamic Resistance Movement, or Hamas, an alleged terrorist organization. In a 42-count indictment,…
By Brad Wolverton
Contributor
Nonprofit Leaders Express Concern About Some Ideas Advanced by Senate Aides
Washington As senators consider new legislation to stamp out legal abuses at charities and foundations, key Senate aides met late last month with about 100 nonprofit officials to solicit their views on possible changes to rules governing the nonprofit field. Many of the comments from nonprofit…
By Brad Wolverton
Contributor
Gates Foundation to Get $3-Billion Infusion
Bill and Melinda Gates have announced that they plan to donate more than $3-billion to their private foundation, which already is the largest foundation in the world, with about $27-billion in assets. The windfall comes from a dividend Mr. Gates expects to receive this fall from stock he owns in…
By Brad Wolverton
Contributor