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Finance and Revenue

(page 70 of 111)

TV Report Hits Wounded Warrior Project on Event Spending

A CBS News investigation raises questions about spending by the Wounded Warrior Project, a prominent national veterans charity that has vastly increased expenditures on meetings and conferences in recent years.

Naming Rights a Growing Topic of Talk at Harvard Medical School

The possibility that Harvard University could rename its prestigious medical school for a sufficiently large gift — up to $1 billion, by some estimates — is the subject of widespread discussion among faculty and officials, according to Stat, a news website covering the health industry.

N.Y. Woman Gets 1 to 3 Years for $300,000 Charity Swindle

The former head of a nonprofit Queens clinic was sentenced Friday for defrauding the organization of government grant money, reports the New York Daily News.

With Donor’s Pledge Done, College Drops Scholarship Program

The New York Times examines what happened to a donor-funded program aimed at helping first-generation college students when the recipient universities stopped getting the contributor’s checks.

Health Charity to Pay $47 Million to Settle Medicaid Case

CenterLight Healthcare admitted enrolling more than 1,200 ineligible seniors in a Medicaid-sponsored long-term care program, for which the New York City nonprofit improperly collected millions of dollars in monthly fees, The Forward reports.

Union of Atheist Nonprofits Forms Biggest U.S. Secular Group

The U.S. branch of British scientist and author Richard Dawkins’s atheism foundation has merged with the like-minded Center for Inquiry, creating the largest secularist organization in America, reports the Religion News Service.

Vibrant Boston Arts Scene Lags in Public Funding, Study Says

Boston has one of the most active cultural sectors among major U.S. cities but lags behind other urban areas in institutional and government support, The Boston Globe writes, citing a new report by the Boston Foundation.

Turbulence on Wall Street Doesn’t Yet Spell Fundraising Panic, Experts Say

Turbulence on Wall Street Doesn’t Yet Spell Fundraising Panic, Experts Say

Foundations and individuals aren’t likely to reduce their giving if the market recovers from the past three weeks of sharp losses.

Christie Vetoes Bill to Levy Fees on Nonprofit Hospitals

Exercising a “pocket veto,” New Jersey Gov. Chris Christie rejected legislation Tuesday to require the state’s nonprofit medical centers to pay fees to local governments for police, fire, and other services, The Record and NJ Advance Media write.

Livestrong Leader Steps Down Less Than a Year After Hiring

Chandini Portteus cited family reasons in announcing her resignation as president and chief executive of the high-profile cancer charity she was appointed to lead 10 months ago, the Dallas Morning News and the Austin American-Statesman report.

DiCaprio Announces New $15 Million Round of Green Grants

Actor Leonardo DiCaprio announced $15 million in new foundation funding for environmental and conservation efforts and ripped “corporate greed” in the energy industry in a speech Tuesday at the World Economic Forum in Davos, the Associated Press and Variety report.

7 Tips for Enlivening Your Nonprofit’s Annual Report

Avoid data overload; share accomplishments, not activities; and other ways to keep readers’ attention.

Charity Navigator’s Controversial Evaluation Effort Put on Hold

Charity Navigator’s Controversial Evaluation Effort Put on Hold

The new chief executive hopes to recharge the effort while tweaking the watchdog’s ratings system.

Charity Leaders Need to Oust the Scoundrels

In too many cases, political insiders and government officials are helping nonprofits carry out fraud.

Pa. Charities Assess Budget-Fight Hit as State Aid Resumes

Some nonprofits have begun receiving state funding again as Democratic Gov. Tom Wolf and the Republican-controlled legislature partially resolved a six-month budget standoff, but charity leaders say impact from the impasse could be lasting, the Reading Eagle writes.

S. African Fund Manager Gives Control of Firms to Foundation

The namesake founder of Cape Town investment house Allan Gray has turned over controlling interest in the firm and its offshore partner to his family foundation, which could reap tens of millions of dollars a year in dividends to be devoted to charity, Bloomberg and South African newspaper Business Day write.