Calls for Openness Prompt Nonprofit Groups to Revise Policies
More than half of nonprofit organizations have made changes to their governance policies in the ALSO SEE: Table: Key Duty of Nonprofit Boards: How Budget Size Affects the Top Priority Table: Percentage of Nonprofit Grous That Made Governance Chnages in the Past Three years past three years,…
‘Fortune’: Growth of Teach for America
Teach for America has become one of the largest job destinations for graduating college students, hiring more college seniors than Microsoft, Procter & Gamble, or General Electric, says an article in Fortune magazine (November 27). Driven by the dedication of the nonprofit group’s founder, Wendy…
‘Business Review’: Social Responsibility
Corporate executives need to change the way they think about their companies’ social responsibility, according to two articles in the Harvard Business Review (December). In “Strategy & Society,” Michael E. Porter and Mark R. Kramer say that executives should stop viewing corporate philanthropic…
Limits on Charities’ Overhead Expenses Dropped in Federal Fund-Raising Drive
The federal government has changed key rules that govern the charity drive for federal workers. The most controversial change, which eliminates a restriction on the overhead expenses of charities, was made despite the opposition of many charity officials. Charities raise a significant sum each year…
Americans donate a greater share of the country’s economic output to charity than do the residents of 11 other countries, according to a new study. The report, by the Charities Aid Foundation, in Britain, found that giving in the United States equals 1.67 percent of ALSO SEE: Table: How Much…
New York Tops List of Most-Generous States, Report Finds
New Yorkers give a larger share of their income to charity than residents of any other state, according to a new study. The report, which takes into account the fact that people living in states with higher costs of living have ALSO SEE: Table: Generosity in the States: Who Gives the Most less…
Cities Take Many Approaches to Valuing Tax-Exempt Property
City and county assessors across the country take a range of approaches toward placing a value on tax-exempt property. Assessors in New York, Los Angeles, San Diego, and several other major municipalities say they spend the same amount of time and effort ALSO SEE:ARTICLE: The Value of a Tax…
Charities in the nation’s big cities receive at least $1.5-billion a year in property-tax subsidiesSprawled across 110 acres of the Santa Monica Mountains, offering views of the Pacific Ocean and downtown Los Angeles, the Getty Center ALSO SEE: ARTICLE: Cities Take Many Approaches to Valuing…
Charities Account for 5.2% of the Economy, Study Finds
Nonprofit organizations accounted for 5.2 percent of the nation’s economic output and paid 8.3 ALSO SEE: Table: Size And Finances of Nonprofit Groups: A Snapshot Tables: The Nonprofit World: Its Size and Scope percent of all wages and salaries in the United States in 2005, according to a new report…
Contributions to Hospitals Topped $7-Billion in 2005
By Harvy LipmanAmerican hospitals and other health-care institutions raised an estimated $7.1-billion in 2005, 16.3 percent more than the donations they collected the prior year, according to a new report. Even after taking into account last year’s 3.4-percent inflation rate, that amounts to a…