Struggling With the Mortgage Crisis
Foundations and charities face new challenges as more and more homeowners get in financial troubleAs the country’s once-booming housing market enters its third year of decline, the home-foreclosure rate is soaring. Last year more than 400,000 families facing financial distress or holding…
By BRENNEN JENSEN
Contributor
Foundation Grant Making to Gay Causes Increases by 24%, New Report Finds
Foundation giving to gay causes increased to $65.6-million in 2006, a 24-percent gain over the previous year, according to a new report by Funders for Lesbian and Gay Issues, a New York group that advises grant makers. The number of funds contributing to such causes also grew, from 199 in 2005 to…
By Caroline Preston
Contributor
Microsoft Employee Bequeaths Bulk of His $175-Million Fortune to Charity
Richard W. Weiland, one of the first Microsoft employees, has bequeathed most of his fortune, worth an estimated $175-million, to charities. The biggest single commitment, $65-million, went to the Pride Foundation, a Seattle foundation that advocates for the rights of lesbian, gay, bisexual, and…
By Maria Di Mento
Senior Editor
Donor champions rights of both humans and apesKalamazoo, Mich. Jon L. Stryker first started a foundation in the mid-1990s as part of his estate plan, with the ALSO SEE: DATA: About the Arcus Foundation LIST: Recent Grants Issued by the Arcus Foundation ARTICLE: Philanthropist Says His Political…
By Caroline Preston
Contributor
African American Nonprofit Network (Washington): Appointed Maxine B. Baker, former president and chief executive officer of the Freddie Mac Foundation (McLean, Va.) and vice president of community relations at Freddie Mac (McLean), to be president. This group connects African Americans in the…
Inventor Leaves Billions to Charity
James LeVoy Sorenson, an inventor and investor who died last month, has bequeathed most of his fortune — about $4.5-billion, according to Forbes magazine’s annual ranking of the wealthiest Americans — to his family foundation. That means the foundation, whose largest grants have gone primarily to…
By Maria Di Mento
Senior Editor
Chief Executive Steps Down From Gates Foundation
The chief executive of the Bill & Melinda Gates Foundation, Patty Stonesifer, has ALSO SEE:ARTICLE: Choosing a New CEO to Lead the Nation’s Biggest Foundation: Advice to Bill and Melinda Gates From Experts announced that after running the prominent grant maker for 11 years she is stepping down.…
By Ian Wilhelm
Contributor
“They’ll need another extraordinary leader like Patty who has a very close relationship with Bill ALSO SEE:ARTICLE: Chief Executive Steps Down From Gates Foundation and Melinda and can represent them internally and externally; has a sophisticated understanding of how global sectors evolve and the…
Grants to Support Nursing: a Sampling
California Endowment (Los Angeles): To provide scholarships to minority graduate students ALSO SEE:ARTICLE: Coming to the Aid of NursesARTICLE: Sale of Artwork Finances Couple’s Commitment to NursingARTICLE: Charity Helps Immigrants Re-Enter Field of Health Care who are studying to become nursing…
Charity Helps Immigrants Re-Enter Field of Health Care
Like any nurse, Maia Shur can start an IV and dress a wound. But she brought another important ALSO SEE:ARTICLE: Coming to the Aid of NursesARTICLE: Sale of Artwork Finances Couple’s Commitment to NursingLIST: Grants to Support Nursing: a Sampling skill when she started working at the Brookline…
By NICOLE WALLACE
Features Editor
Sale of Artwork Finances Couple’s Commitment to Nursing
By Nicole WallaceThree years ago, Donald and Barbara Jonas sold 15 pieces from their beloved collection of ALSO SEE:ARTICLE: Coming to the Aid of NursesARTICLE: Charity Helps Immigrants Re-Enter Field of Health CareLIST: Grants to Support Nursing: a Sampling modern art, including paintings by…
By NICOLE WALLACE
Features Editor
New foundation support seeks to focus on severe shortageEfforts to increase the number of nurses in the United States are starting to win significant ALSO SEE:ARTICLE: Sale of Artwork Finances Couple’s Commitment to NursingARTICLE: Charity Helps Immigrants Re-Enter Field of Health CareLIST: Grants…
By NICOLE WALLACE
Features Editor
Photograph by Michael Crossett for United Way
By Caroline Bermudez
Contributor
Largest Donations From Jewish Donors Go to Secular Organizations, Report Says
Jewish donors and foundations give the vast majority of their biggest contributions to secular groups, according to a new study of gifts of $1-million or more. Just 9 percent of the dollars donated through such gifts and grants from 2001 to 2003 went to Jewish causes, according to the report by the…
By Anne W. Howard
Contributor