Report Raises Questions About Suspended NFL Star’s Charity
Minnesota Vikings running back Adrian Peterson’s foundation allegedly paid for a night of partying at a hotel and listed donations on tax records that the supposed recipients say were not made, according to the Star Tribune.
Disaster Response Needs More Cooperation Between Nonprofits, Regulators
Experts at a conference of state charity regulators say suffering is compounded by officials who are often caught off guard and fail to communicate with others trying to help.
By SUZANNE PERRY
Contributor
Study: Super-Rich Give Away 10% of Fortunes on Average
The typical ultra-high-net-worth philanthropist donates $25-million over his or her lifetime, CNBC reports, citing a new study of high-end giving.
Dodd-Frank Rules on Risky Trades Could Ensnare Nonprofits
New government regulations designed to rein in risky trading by giant financial firms could inadvertently affect charities that manage money for other entities and engage, even indirectly, in certain types of investments, according to The Wall Street Journal.
U. of Tennessee Names Business School for $50-Million Donor
The gift from one of Tennessee’s most prominent families will establish an endowment for the renamed James A. Haslam II College of Business, the Knoxville News Sentinel and the Associated Press write.
Maine Nonprofit Alleges Theft of Millions by Ex-Board Leader
United Mid-Coast Charities filed a civil lawsuit Friday accusing the former president of its board of stealing $3.8-million from the organization across more than a decade of his tenure, reports the Bangor Daily News
Catholic Group Secures $869,000 Award From Alleged Embezzler
The former development director for the Lay Mission-Helpers Association has agreed to pay the Catholic charity $869,000 to settle a civil suit over suspected theft, the Los Angeles Times and the Associated Press write.
As Wealthy Give Smaller Share of Income to Charity, Middle Class Digs Deeper
The Chronicle’s nationwide study, How America Gives, shows the rate of giving declining in most cities and a continued trend of greater generosity in Republican-leaning states.
By Alex Daniels
Contributor
Cash-Strapped Nonprofits in Oil-Boom Region Go Begging for Workers
Rents for one-bedrooms average $1,700, but the Salvation Army can afford to offer only around $13.60 an hour—hardly enough to expand a charity overwhelmed by requests for help.
By Michael Anft
Contributor
How Much People Give in the Largest Cities
Only two of the 50 biggest metropolitan areas—Salt Lake City and Memphis—gave more than 5 percent of income to charity.