Berkshire Billionaire Munger Gives $20.7-Million to UC-Santa Barbara
Berkshire Hathaway vice chairman Charles Munger has donated 100 shares of stock in the Warren Buffett-led investment company to the University of California at Santa Barbara, reports Bloomberg.
Wealthy Districts Drive Spike in Giving for Public Schools
Fundraising by nonprofits supporting specific public schools and school districts more than quadrupled from 1995 to 2010, with high-income communities driving the boom and fueling a debate about educational inequality, The New York Times writes, citing new research.
Finances Better and Care Same When Hospitals Go For-Profit, Study Finds
New Harvard University research found that nonprofit hospitals substantially improve their bottom lines by converting into for-profit institutions, while the level of patient care remains about the same, writes U.S. News & World Report.
Union Hits Calif. Catholic Hospitals With Pension Suit
The Service Employees International Union, which is seeking to derail the sale of the Daughters of Charity Health System to a for-profit network, claims the Catholic chain has drastically underfunded employee pensions, San Francisco Business Times reports.
Britain Aims New Rules at Militants Using Charities as Fronts
Britain’s Charity Commission will get new powers and additional funds to combat the use of nonprofits as a front to raise money for terrorist organizations, Reuters reports.
Musicians at Struggling Memphis Symphony Take 38% Pay Cut
The one-year reduction players approved Monday comes as the strapped orchestra takes what its CEO called “emergency measures” to tackle budget deficits and depleted reserves, WALB television and The Commercial Appeal report.
Outlook Brightens for Once-Bankrupt Philadelphia Orchestra
Two years after exiting Chapter 11 bankruptcy, the Philadelphia Orchestra is reporting upswings in several key financial indicators, including double-digit gains in donations and ticket sales, writes The Philadelphia Inquirer.
Rich People Say Their Gifts Make Little Difference, but Most Worry About Income Gap, Studies Find
Those who support charities say they are happier when they plan their giving instead of merely responding to requests from friends or relatives.
By Maria Di Mento
Senior Editor
TechSoup Names Winners of Its Annual Storymakers Contest
Watch the winning videos in TechSoup’s contest.
By Megan O’Neil
Contributor
Wealthy Households Plan to Give More, Study Finds
People say they have more money to give, and they believe nonprofits need their support.
By Maria Di Mento
Senior Editor