Moody’s Sees More Fiscal Struggle for Nonprofit Hospitals
Nonprofit hospitals had their worst financial showing since the Great Recession in 2013 as expenses rose at a faster clip than revenues for the second straight year, The New York Times writes, citing a new report from Moody’s Investors Service.
Harvard Alumni Protest Big Pay Hike for Endowment Managers
A group of 1969 graduates signed a letter to university President Drew Faust criticizing compensation at the Harvard Management Company, which has more than doubled since 2010, Bloomberg reports.
S.C. University Wants Foundation to Pay for President Search
Winthrop University trustees voted unanimously Monday to begin talks with the school’s nonprofit fundraising affiliate about footing the bill for seeking a new campus leader, The Herald of Rock Hill, S.C., writes.
In Apparent First, Bitcoin Fundraising Group Is Now a Charity
The BitGive Foundation, which raises money in digital currency for charitable causes, says it has become the first entity of its kind to be granted nonprofit status by the Internal Revenue Service, the Sacramento Business Journal writes.
Lack of Pay a Growing Challenge for Nonprofit Interns
Recent college graduates looking to start a career in the nonprofit sector are increasingly finding themselves squeezed by organizations’ insistence that they bring internship experience and groups’ unwillingness to pay for same, according to Al Jazeera America.
Pa. Capital’s Treasurer Accused of Theft From Nonprofit
Prosecutor said John Campbell, the 26-year-old elected treasurer of Harrisburg, Pa., embezzled from a city charity he ran until earlier this year and used the money to pay off medical bills and student-loan debt, Reuters reports.
Texas Christian Alumnus Gives $30-Million for Business School
The gift from Nashville businessman Spencer Hays and his wife, Marlene, is the first in a $100-million drive to raise money to expand the university’s Neeley School of Business, the Star-Telegram of Fort Worth reports.
Technology, Imagination, and Organizing With Storytelling
In the final Storytelling Summer post, two questions on how people tell and consume stories now—and why a strong story transcends medium.
By PAUL VANDECARR
Contributor
Estée Lauder Breast-Cancer Campaign Gets Digital Focus
The cosmetics firm is changing its annual breast-cancer-awareness campaign to a year-round effort, with more emphasis on social media as a reflection of how charities and their supporters are looking to Facebook, Twitter, and other online platforms to boost their profiles and fundraising, writes The New York Times.
U.S. Tennis Association Board Members Reap Financial Gains
Businesses and organizations affiliated with United States Tennis Association board members have received hundreds of thousands of dollars in grants and contracts from the sporting body that organizes the U.S. Open, according to The New York Times.