Ideas raised by Senate aides Panel on the Nonprofit Sector Current law CONFLICTS OF INTEREST Laws designed to prevent conflicts of interest and “self-dealing” among foundations would also apply to charities. Penalty fees for those found guilty of legal abuses would be increased. The Internal…
Charity and foundation leaders give Congress more than 100 ideas for cleaning up nonprofit world Washington An influential group of nonprofit leaders has released recommendations for new laws Congress should pass to fix problems within the charitable world. But questions remain on how much weight…
By Ian Wilhelm
Contributor
Software Mogul Expected to Give Harvard $115-Million
Lawrence J. Ellison, chief executive of Oracle software company, plans to give $115-million to Harvard University, in Cambridge, Mass., to study global health. University officials said they had not agreed yet on the terms of the gift, but after a report in the Harvard Crimson, the university’s…
By Maria Di Mento
Senior Editor
Medical School Receives $28.5-Million; Other Gifts
Four institutions have received big gifts: Wright State University’s School of Medicine, in Dayton, Ohio, has been given $28.5-million by Oscar Boonshoft, a retired engineer at Wright-Patterson Air Force Base, in Ohio, and his family. Mr. Boonshoft, a trustee of the university’s foundation,…
Soros Pledges $206-Million to Hungarian University
George Soros, the international financier and philanthropist, has pledged $206-million to the endowment of Central European University, a Budapest graduate school founded shortly after the collapse of Eastern Europe’s Communist regimes. The university generally teaches in English and takes a…
$20-Million Gift Sparks a Guessing Game
In what is quickly becoming one of the most open secrets in the nonprofit world, Michael Bloomberg, New York’s mayor, has apparently made another big gift to charity. Last month, just as it had done in each of the previous three years, the Carnegie Corporation of New York announced that it had…
By Maria Di Mento
Senior Editor
Brain-Tumor Research to Get $6-Million From Alliance of Charities and Foundations
Frustrated by slow progress in the fight against brain cancer, eight charities and foundations have joined forces to provide up to $6-million in grants for research projects that explore new ways of treating the deadly disease. “We’ve really come together to amplify the community’s dissatisfaction…
By SUZANNE PERRY
Contributor
Comprehensive Look at 2003 Grant Making Shows Gifts of $30.3-Billion, a 0.4% Decline
Foundation giving slipped in 2003 to $30.3-billion, despite the beginning of the stock-market recovery and the creation of more than 1,500 new grant-making foundations, according to a report by the Foundation Center, in New York. The 0.4-percent dip in grants was concentrated among private…
By Caroline Preston
Contributor
Charities and celebrities try to keep spotlight on antipoverty efforts after Live 8 concerts By Suzanne Perry Fresh from a high-profile campaign to persuade a summit of major industrialized nations to adopt measures to fight global poverty, a diverse coalition of international-relief groups,…
By SUZANNE PERRY
Contributor
Competing for a Congressional Earmark: One Group’s Quest
Special Olympics announced two years ago that it would supplement its quadrennial international athletic ALSO SEE:A Gold RushManna or Pork?Seeking Federal FavorsLobbying for CharitySecuring an Earmark: What Appeals to LawmakersA Tempest Breaks Out Over Federal Aid for Indoor Rain ForestWinning an…
By Holly Hall
Contributor