Foundation Spending: Where the Money Goes
Foundations are required under law to spend at least 5 percent of their assets each year on charitable purposes. Grant makers can include a portion of the amount they spend on operating costs to meet that standard. A new study shows how the spending on administrative costs compares with the…
New Study on Foundation Expenses Hopes to Inform Congressional Debate
Community foundations spend a larger percentage of their total program budgets on overhead than private and ALSO SEE:Foundation Spending: Where the Money Goes corporate funds do, says a new report that provides an in-depth look at foundation spending. The report says community foundations spend 8…
By Ian Wilhelm
Contributor
Foundation Salaries Rose 4%; CEO Median Pay Hits $115,000
Foundation employees received a median pay raise of 4 percent last year, the same percentage gain as in 2004, ALSO SEE: Salaries and Benefits at Foundations according to a new report by the Council on Foundations, in Washington. While the increase barely outpaced the 2005 annual inflation rate of…
By BRENNEN JENSEN
Contributor
Paid Fund Raisers Earn Mixed Results for Nonprofit Groups
Charities that rely on paid solicitors are getting mixed results, according to studies issued by regulators in four states. In California and Colorado, the share of money that went to charities dropped, while in New York and Washington it increased slightly. In California, companies raised more…
By Leah Kerkman
Contributor
Fund-Raising Company to Pay $400,000 to Settle Dispute With 19 States
Nineteen states have agreed to a $400,000 settlement with a fund-raising company accused of using deceptive marketing techniques in direct-mail solicitations sent on behalf of more than 30 charities, according to statements released by attorneys general from several of the states. Officials at…
By Leah Kerkman
Contributor
Donated vacation deals are a mixed blessing for charities After four years of owning a time share in the Caribbean, James and Helen Kelble, of Gulph Mills, Pa., decided they wanted something different for their vacations, and they put the property up for sale. The couple listed the time share —…
By Debra E. Blum
Contributor
U. of Chicago Receives $42-Million for a Pediatric Center; Other Big Gifts
Seven institutions have received big gifts: The University of Chicago has received a $42-million gift from Gary C. Comer, founder of the Lands’ End clothing company, and his wife, Frances, of Chicago, to establish a pediatric-care center. The gift, which the university says is the largest single…
Three Education Institutions Get Multimillion-Dollar Gifts
Three higher-education institutions have received gifts of $100-million or more: Peter B. Lewis, chairman of the Progressive Corporation, in Cleveland, has pledged $101-million to Princeton University, in New Jersey, for a large-scale, multifaceted arts program. Baylor College of Medicine, in…
By Sun Jung Kim
Contributor
Clark Fund’s Overhaul Is Met With Mixed Response From Former Employees
When Michael Bailin took over as president of the Edna McConnell Clark Foundation in 1996, he found an organization that had ALSO SEE:A Singular Focus on KidsRigorous Evaluation Highlights Hits and Misses for Clark Grant RecipientYouth Charity Proves Itself a Promising Prospect for Clark Foundation…
By Ben Gose
Senior Editor
Youth Charity Proves Itself a Promising Prospect for Clark Foundation
Perhaps the greatest challenge for the Edna McConnell Clark Foundation has been finding youth organizations that meet ALSO SEE:A Singular Focus on KidsRigorous Evaluation Highlights Hits and Misses for Clark Grant RecipientClark Fund’s Overhaul Is Met With Mixed Response From Former Employees its…
By Ben Gose
Senior Editor