British Charity’s Account Frozen
The Charity Commission, Britain’s charity watchdog, has frozen the bank accounts of Crescent Relief, a nonprofit group, on suspicion that it helped support a plot to bomb American-bound planes departing from London, reports Agence France Presse. The commission has opened a formal investigation into…
Clinton Embraces AIDS Advocacy
Former President Bill Clinton has become a visible presence in the fight against AIDS, reports The New York Times. Mr. Clinton’s foundation, whose budget last year was $30-million and mostly came from private donors, is involved in projects with 24 developing countries. The projects include raising…
Rap Star to Design Sneakers for Charity
The rap star Eminem will try his hand at sneaker design to raise money for two charities, reports The Associated Press. Eminem was tapped by Nike to design a limited-edition collection of Air Max sneakers that will be auctioned for charity. The proceeds will benefit Eminem’s own Marshall Mathers…
N.Y. State Senator Accused of Defrauding Charity
New York State Senator charged with defrauding nonprofit group
Warren Buffett Won’t Get Big Tax Savings From His Philanthropy
Warren Buffett’s decision to give away the bulk of his fortune was not designed to maximize his tax savings, writes Allan Sloan, a Newsweek columnist. Mr. Buffett, who has pledged to give 12.05 million shares in his company, Berkshire Hathaway, to the Bill & Melinda Gates Foundation and to four…
Habitat Board Member Killed in Kentucky Plane Crash
Pat Smith, a board member at Habitat for Humanity, died Sunday along with 48 other people on board the Comair flight that crashed in Lexington, Ky., as it attempted to take off, reports the Associated Press. Mr. Smith was traveling to Gulfport, Miss., to rebuild homes, a Habitat spokesman told the…
McCartney Skips Event, Gives Money Instead
A fund-raising concert scheduled for October for the nonprofit group Adopt-a-Minefield was canceled after the singer Paul McCartney withdrew from the event, reports BBC News. Mr. McCartney said that instead of performing, he would donate $3-million to the charity, which he has supported with his…
Federal Agency Identifies Public-Service Leaders
For nearly 30 years, the Harry S. Truman Scholarship Foundation has been providing aid to college students who are expected to become top leaders in government, nonprofit organizations, and other institutions, reports The Washington Post. The foundation, a government agency, has an endowment of…
Hong Kong Man Pledges $6-Billion to Charity
A Hong Kong investor has pledged $6-billion of his fortune to charity