Few foundations do much to influence shareholder votesAs part of its campaign to fight global warming, the Coalition for Environmentally Responsible Economies ALSO SEE:Statistics: Stock-Investment Policies at the 50 Wealthiest Private FoundationsArticle: Fund’s Investment Portfolio Reflects Its…
By Harvy Lipman
Contributor
President’s Appointees Shun Red Cross Board Meetings
Washington Eight of the 50 trustees who oversee the American Red Cross are appointed by the White House, but six of the presidential appointees never attended any of the 23 board meetings held from October 2000 through May 2005, while another showed up just once, according to documents submitted by…
By Harvy Lipman
Contributor
Group Seeks Reports on Corporate Contributions
A conservative advocacy group is pushing for passage of shareholder resolutions that would require some of the nation’s biggest corporations to report regularly on their charitable contributions and disclose the business rationale behind each grant. The National Legal and Policy Center, in…
By Harvy Lipman
Contributor
Penalties on Jewish Group Called Overly Lenient
The New York attorney general’s office has prohibited the former chairman of the World Jewish Congress, Israel Singer, from holding any position involving the “financial oversight, management, or supervision of fund-raising activities” at the organization. The World Jewish Congress is an…
By Harvy Lipman
Contributor
Embattled Chief of Getty Trust Resigns Amid State Inquiry
Six months after the California attorney general started an investigation into alleged misuse of funds at the J. Paul Getty Trust, in Los Angeles, Barry Munitz has resigned as the group’s chief executive. Mr. Munitz agreed to waive any severance package and to pay the trust $250,000 “to resolve any…
By Harvy Lipman
Contributor
Religious Groups Getting More Federal Grants
Religious organizations received a growing number of federal grants from 2002 to 2004, although the dollar amount of federal funds going to such groups fell, according to a new study. The Roundtable on Religion and Social Welfare Policy, part of the Rockefeller Institute of Government at the State…
By Harvy Lipman
Contributor
Senate Commitee Reviews Oklahoma Trustees’ Pay
Washington The U.S. Senate Finance Committee is questioning whether the trustees of a group of 12 Oklahoma charitable trusts worth $1.6-billion deserve to be paid more than $5-million a year. The committee’s action comes as some state regulators and others have suggested the need for changes in the…
By Harvy Lipman
Contributor
College Investments Topped 9% in 2005, Studies Find
Investments by the endowments at American colleges and universities earned substantially more than the stock market last year, according to two new reports. Surveys by the Commonfund Institute, in Windsor, Conn., and the National Association of College and University Business Officers, in…
By Harvy Lipman
Contributor
Grant-Maker Group Puts Getty Fund on Probation
The Council on Foundations has placed the J. Paul Getty Trust on probation while it seeks more information from the trust regarding charges of fiscal misconduct — marking the first time the council has taken such action against one of its members. The trust will remain on probation through February…
By Harvy Lipman
Contributor
Nearly 60 percent of Americans believe that a charity should return a donor’s money if the organization intentionally ignores what the donor wanted done with it. Ninety-seven percent of Americans say that charities’ spending donations on unauthorized projects would be a “serious” matter, according…
By Harvy Lipman
Contributor