California Reprimands J. Paul Getty Trust and Appoints an Independent Monitor
After spending more than a year investigating the J. Paul Getty Trust, California’s attorney general, Bill Lockyer, issued a report concluding that the organization’s trustees wrongly allowed the institution’s president to spend money on travel and other expenses. In addition, he chided the trust…
By Harvy Lipman
Contributor
The tax agency’s new approach sparks concern among charitiesThe Internal Revenue Service has a message for charity officials: Cross the line, and the odds are higher than ever that you’ll get caught. The agency has been increasing the number of nonprofit examinations it conducts ALSO SEE: Chart:…
By Elizabeth Schwinn
Contributor
Three Universities Seek $3-Billion or More
By Brennen JensenIn a span of just two days, three universities announced capital campaigns seeking $3-billion or more — and if they achieve their goals, the institutions could set new fund-raising records for nonprofit institutions of all kinds. Columbia University, in New York, is seeking to…
By BRENNEN JENSEN
Contributor
Don’t Beg: Tips for Fund Raisers
Kenneth D. Strmiska jokingly refers to the Greater Green Bay Community Foundation as “the patron saint of lost causes.” The community foundation’s relatively inexpensive fees for its consulting work on fund raising and ALSO SEE:Article: Pioneering a New Direction strategic planning attract groups…
By Ben Gose
Senior Editor
Community fund advises both charities and donors When the Greater Green Bay Habitat for Humanity set out to raise $1.25-million to help build 50 houses over ALSO SEE: Chart: How Assets Have Grown at Green Bay’s Community Foundation Article: Don’t Beg: Tips for Fund Raisers the next five years, it…
By Ben Gose
Senior Editor
Buffett Pledges $50-Million to Curb Nuclear Facilities; Other New Gifts
Thirteen institutions have received big gifts: Warren E. Buffett, chief executive officer of Berkshire Hathaway, in Omaha, pledged $50- million to the Nuclear Threat Initiative, in Washington. The money is earmarked for the International Atomic Energy Agency, which will create an international…
State-by-State Rankings of Generosity Among the Wealthy
ALSO SEE: Article: Utah’s Wealthy Give More Than Rich People Elsewhere States where average giving by the wealthy was: More than 1.50% 1.00% to 1.49% 0.80% to 0.99% 0.60% to 0.79% 0.40% to 0.59%
Utah’s Wealthy Give More Than Rich People Elsewhere
Charitable giving would jump by $27.5-billion a year if every wealthy American donated at the same ALSO SEE:Chart: State-by-State Rankings of Generosity Among the Wealthy rate as the most-affluent people in the nation’s five most-generous states, according to a new study by a San Francisco charity.…
By Harvy Lipman
Contributor
Clinton Effort to Fight Global Ills Tallies $7.3-Billion in Pledges From Donors
Political, corporate, and nonprofit leaders have pledged at least $7.3-billion in business investments, philanthropic donations, and other commitments as part of an effort led by former President Bill Clinton to find ways to fix global problems. That dollar amount was announced at a meeting held…
By Ian Wilhelm
Contributor
Head of Ford Foundation Announces ’08 Retirement
The president of the Ford Foundation, Susan V. Berresford, has announced that she will retire in 2008 after leading the organization for 12 years. “I know it is time for a new stage in my life, one that includes more time for my family,” she said in a statement. The foundation said its Board of…
By Ian Wilhelm
Contributor