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News Briefing: Charities Now Seek Bankruptcy Protection

By Kate Golden on February 20, 2009No Comment
  • Nonprofit groups file to reorganize or liquidate themselves under the bankruptcy code.  [New York Times]
  • A new Novartis malaria drug, partially funded by the Gates Foundation, tastes like cherries.  [Associated Press]
  • Nonprofit theaters cut staff and expand discounts as they anticipate disappointing ticket sales and fundraising.  [Bloomberg]
  • The Gates Foundation announces $48 million in grants designed to boost the incomes of cocoa and cashew farmers in Africa.  [Associated Foreign Press]
  • Volunteer organizations say the floundering economy and President Obama's call for service have led to a major increase in applications.  [Associated Press]
  • Macy's expects to maintain its commitment to several community events, despite its corporate reorganization plans.  [San Francisco Chronicle]
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