Improved Bond Ratings Indicate Financial Stability in Nonprofit World
Bolstered by an improving economy, the financial outlook for nonprofit organizations has improved, according to a new report by Moody’s Investors Service. In 2005, Moody’s elevated the bond ratings for three of the 85 nonprofit groups it evaluates, while not downgrading any. That contrasts with its…
By Harvy Lipman
Contributor
More New Englanders Give, but Plains Residents Give the Most, Study Finds
A higher percentage of New Englanders give to charity than do residents of any other region of the country, according to a new study issued by the Giving USA Foundation. Sixty-seven percent of all American households donated to charity in 2002, but 82 percent of those in New England did, the study…
By Harvy Lipman
Contributor
Senate Committee Approves Tax Incentives for Donors, New Restrictions
Washington The Senate Finance Committee last week passed legislation containing incentives designed to encourage ALSO SEE: Key Provisions of Tax Measure Passed by Senate Finance Committee charitable giving while also taking steps to ensure that donors are not inflating their tax write-offs. Among…
By Harvy Lipman
Contributor
Study Seeks to Dispel Image of Massachusetts as Stingy
Fed up with the way Massachusetts residents were portrayed in the news media as Yankee skinflints every year when ALSO SEE:Ranking Generosity in the States the Catalogue for Philanthropy released its Generosity Index ranking the states on charitable giving, the Boston Foundation commissioned a…
By Harvy Lipman
Contributor
Increased Regulation of Nonprofit Groups Is Unnecessary, New Report Says
An “overwhelming majority” of nonprofit boards are highly involved in monitoring financial and ethical practices at their organizations, and their oversight means that Congress has little reason to increase the federal government’s regulation of charitable institutions, says a new report by…
By Harvy Lipman
Contributor
How the Chronicle’s Pay Analysis Was Done
The Chronicle’s analysis of compensation paid to chief executives and all other workers is based on data ALSO SEE:A Growing DisparityFew Organizations Have Policies to Guide Decisions on Compensation that nonprofit organizations provided on the informational returns they file with the Internal…
By Harvy Lipman
Contributor
Few Organizations Have Policies to Guide Decisions on Compensation
At MAP International, a Christian international-aid group in Brunswick, Ga., salary decisions are guided by ALSO SEE:A Growing DisparityHow The Chronicle’s Pay Analysis Was Done a written policy that says the organization aims to “limit the differential between the top and bottom of our pay scales…
By Harvy Lipman
Contributor
Gap between pay for CEO’s and workers is getting biggerThe pay of chief executives at nonprofit organizations is growing twice as fast as the wages of other workers at such groups, according to a new Chronicle analysis of ALSO SEE: Pay for Charity Workers and CEO’s: How It Varies by Type of Group…
By Harvy Lipman
Contributor
Investments Rise 8.2% for Health-Care Groups
Nonprofit health-care organizations generated 8.2 percent on their investment assets last year, compared with 14.1 percent the previous year, according to a new report by the Commonfund Institute. The gains correspond to the performance of the stock markets. The Standard & Poor’s 500 stock index…
By Harvy Lipman
Contributor
Carving Out a Role in Disaster’s Wake
Some experts question necessity of charities formed after Hurricane Katrina; others say they fill a need When Terry Webb saw the destruction Hurricane Katrina caused throughout the Gulf Coast, he immediately ALSO SEE:Sharing a World of Experience wanted to take action to help the storm’s victims.…
By Harvy Lipman
Contributor