Key Results of The Chronicle’s Annual Survey and How It Was Compiled
More than $406.9-billion is held in the endowments of 268 of the nation’s major foundations, ALSO SEE:DATABASE: Endowments at Nonprofit OrganizationsTABLE: Endowments at 72 organizations that support nonprofit groupsARTICLE: Strong Endowment GrowthARTICLE: Charity Urges Colleges to Focus on…
By Maria Di Mento
Senior Editor
Diversification of assets helps charities achieve 11.7% gainThe University of Richmond’s $1.39-billion endowment, like so many of the nation’s largest endowments, ALSO SEE: DATABASE: Endowments at Nonprofit Organizations TABLE: Endowments at 72 organizations that support nonprofit groups ARTICLE:…
By Ben Gose, Maria Di Mento and PETER PANEPENTO
American Craft Council (New York): Appointed Sue-Ellen M. Wright, assistant vice president for corporate development and sponsorship marketing at the New Jersey Performing Arts Center (Newark), to be director for institutional advancement. American Indian College Fund (Denver): Appointed Dina…
Following are summaries of recent reports by the BBB Wise Giving Alliance. This private group reports on whether charities meet standards for fund raising, governance, financial management, and public information. The alliance does not approve or disapprove of charities, and urges potential donors…
As the Internal Revenue Service cracks down on charities that it says have provided down-payment help that is of more benefit to property owners than to needy home buyers, another agency has taken steps to discourage such assistance in the future. The Department of Housing and Urban Development…
By Elizabeth Schwinn
Contributor
Alliance for Nonprofit Mailers (Washington): Announced the resignation of Ellenor Kirkconnell, associate director of operations and postal affairs. American Association of Museums (Washington): Appointed Ford W. Bell, president and chief executive officer of the Minneapolis Heart Institute…
Following are summaries of recent reports by the BBB Wise Giving Alliance. This private group reports on whether charities meet standards for fund raising, governance, financial management, and public information. The alliance does not approve or disapprove of charities, and urges potential donors…
The following awards have been presented for work in advocacy, fund raising, nonprofit leadership, philanthropy, and other areas: Corporate responsibility. The Stern School of Business at New York U. has presented its 2007 Stewart Satter Social Entrepreneur of the Year Award to Abraham George,…
Guide Informs Grant Makers About Shareholder Voting
NEW BOOKS Proxy Season Preview Spring 2007: Helping Foundations Align Mission and Investment, provides a guide to forthcoming shareholder votes on corporate practices and policies. The publication offers some background information on proxy voting and organizations that are involved in shareholder…
By Anne W. Howard
Contributor
‘Time’: Three Major Donors Make ‘Influential’ List
Several philanthropists are among Time magazine’s list of the most influential people in the world (May 14). Among them: Paul Allen, Warren Buffett, and Oprah Winfrey. Also making the list are two leaders of nonprofit institutions: Drew Gilpin Faust, who in July will become the first female…
‘Harvard Business Review’: ‘Genius’ Awards
Very few people are exceptionally creative, Daniel J. Socolow, director of the MacArthur Fellows Program tells Harvard Business Review (June). “The truth seems to be that the kind of creativity that leads to new things and important breakthroughs is incredibly hard to find.” Mr. Socolow, who runs…
Seven American Lung Association Affiliates Sever Ties With National Charity
The Chicago affiliate of the American Lung Association last week announced that it will separate from the association, the latest in a string of affiliates that have severed their ties with the national organization. The departure of the influential Chicago affiliate from the national association,…
By Elizabeth Schwinn
Contributor
Senate Panel May Examine Hedge-Fund Rules
The Senate Finance Committee has started private discussions about whether to change the tax rules for some types of hedge funds — a development that could affect the makeup of endowments at some of the country’s largest foundations and universities. Committee aides have been looking at the…
By PETER PANEPENTO
Contributor
House Committee Plans Nonprofit Hearings
The chairman of the House Committee on Ways and Means plans to hold hearings on tax-exempt groups. Rep. Charles B. Rangel, a New York Democrat who chairs the committee, wants nonprofit organizations to show why they deserve to be tax-exempt and what they do to help poor and elderly people,…
By Elizabeth Schwinn
Contributor
A Child of Immigrants Helps Workers Stand Up for Their Rights
I was born and raised in Los Angeles. My parents were Chinese immigrants, and my father was a social worker who worked primarily with Southeast Asian refugees. I remember my father
Volunteering Leads to Longer and Healthier Life, Report Finds
Older Americans who volunteer receive significant health benefits from their charitable efforts, including added years to their lives, says a new report. While people often say they feel a “helper’s high” after volunteering, during the past 20 years scientific research has shown that there are…
By Ian Wilhelm
Contributor