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Did Big Endowments Make Economic Crisis Worse?
By Tom Watson on May 24, 2010 | 2 Comments

We know about the big banks and the over-leveraged risk that almost brought down the economy last year, and triggered the recession that still hampers American society. But did you know that the economic crisis …

News Briefing: Iron Checkbook Shapes Cultural Los Angeles
By Kate Golden on February 10, 2010 | No Comment

The Philadelphia Orchestra suffered unexpectedly weak ticket sales this fall, another blow in a spiraling financial crisis.  [New York Times]

Eli Broad, billionaire philanthropist,is known to pull his support, resign from a board, or, in some …

News Briefing: Haiti Relief Effort Faces ‘Major Challenge’
By Kate Golden on January 14, 2010 | No Comment

Charity experts say private donations will be critical to helping Haiti.  [USA Today]

European and international relief organizations are worried that aid could be slowed by the damage to the country's airport, roads, and power supplies.  …

News Briefing: Threats Lead Food Agency to Curtail Aid in Somalia
By Kate Golden on January 6, 2010 | No Comment

Approximately a dozen charities in the Charleston area received fake checks in a cruel Christmas hoax.  [Associated Press]

The United Nations World Food Program announces that it is suspending food deliveries to one million people in …

News Briefing: Civil Liberties Group Loses $20 Million Donor
By Kate Golden on December 9, 2009 | No Comment

A longtime anonymous donor to the A.C.L.U. has withdrawn his annual gift of more than $20 million, creating a 25% hole in its annual operating budget.  [New York Times]

The Victor Pinchuk Foundation announces a new …

News Briefing: Charities Rise, Costing U.S. Billions in Tax Breaks
By Kate Golden on December 7, 2009 | No Comment

The Internal Revenue Service approved 99 percent of the applications it received for public charity status last year, according to a new survey.  [New York Times]

Hedge fund managers dominate the boards of many of the …

News Briefing: Philanthropist Got $1b in Fake Profit, Madoff Trustee Says
By Kate Golden on December 4, 2009 | No Comment

An anonymous group of donors has given more than $12 million to Gann Academy in Waltham, Massachusetts.  [Boston Globe]

Over the next five years, 18 artists around the country will receive $50,000 unrestricted grants from the …

News Briefing: Harvard Ignored Warnings About Investments
By Kate Golden on December 1, 2009 | No Comment

South Africa will treat all HIV-positive babies and expand testing.  [Associated Press]

Bill Gates calls himself an "impatient optimist" on Meet the Press.  [Seattle Post Intelligencer]

Through the first half of this decade, advisers told Lawrence Summers …

News Briefing: Gates Donates $335 Million to Schools
By Kate Golden on November 23, 2009 | No Comment

The Gates Foundation announces a $335 million investment in teacher effectiveness, with major grants for experiments in tenure, evaluation, compensation, training, and mentoring.  [Boston Globe]

President Obama announces an Educate to Innovate campaign, whose purpose is …

News Briefing: $10 million Gift Energizes Charter Chain
By Kate Golden on November 13, 2009 | No Comment

KIPP, Houston's largest charter school chain, receives $10 million from the Gates Foundation.  [Houston Chronicle]

The Barnes Foundation breaks ground in Philadelphia.  [Associated Press]

A copy of the 2008 tax filing for the Goldman Sachs Foundation provides …

News Briefing: Amount Embezzled From Acorn Is Disputed
By Kate Golden on October 7, 2009 | No Comment

The Artistic Director of Symphony Space steps down.  [New York Times]

Producers of "American Idol" say the show's charity effort will return next year.  [Associated Press]

An internal review at Acorn, reveals that its founder's …

News Briefing: ‘Genius Grant’ Allows Reporter to Chase More Crime
By Kate Golden on September 28, 2009 | No Comment

A $500,000 'genius grant' from the MacArthur Foundation will allow Jerry Mitchell to further investigate the 1964 murders of three men who tried to register black voters in Mississippi.  [New York Times]

The Chronicle of Philanthropy …

News Briefing: Author Hopes ‘Genius Grant’ Will Shine on Haiti
By Kate Golden on September 25, 2009 | No Comment

Acorn files a lawsuit against a conservative activist.  [New York Times]

Even small nonprofits, like Family Service of Greater Boston, ventured into the world of high finance.  [New York Times]

Oral Roberts University is finally debt-free after …

News Briefing: Sept. 11 Steel Forms Heart of Far-Flung Memorials
By Kate Golden on September 8, 2009 | No Comment

The steel from the World Trade Center is being granted to groups around the country who would like to build their own memorials.  [New York Times]

Penn State University asks merit scholar parents to donate the …

News Briefing: Colleges See Rise in Aid Appeals
By Kate Golden on September 4, 2009 | No Comment

Recession-fueled pleas from students deluge college financial aid offices.  [Baltimore Sun]

Massachusetts officials unveil plans to tighten their oversight of pay and other practices at nonprofit health care companies.  [Boston Globe]

News Briefing: A Mayor Prizing Loyalty Pays Costly Tribute to His Top Aide
By Kate Golden on September 2, 2009 | No Comment

Bloomberg quietly donates $1 million to Franklin & Marshall to name a building in honor of his most trusted deputy.  [New York Times]

WGBH, producer of Frontline, Nova, and Antiques Roadshow, must trim about $7 …

News Briefing: Journalists’ Arrests Hamper Aid Groups
By Kate Golden on August 24, 2009 | No Comment

Christian aid groups say the high-profile arrest in March of two American journalists has made it more difficult to help the people the women went to report about.  [Wall Street Journal]

College endowments, reeling from their …

News Briefing: Colleges Trying to Firm Up Shaky Freshman Enrollment
By Kate Golden on August 13, 2009 | No Comment

The recession has complicated the task of filling freshman university classes across the country.  [Washington Post]

Throughout the U.S., congregations of all sizes and deominations are struggling with issues of faith and finance as the recession …

News Briefing: Michelin Employees to Volunteer in SC Schools
By Kate Golden on August 5, 2009 | No Comment

Obama ventures into northern Indiana to announce grants that will create electric cars and tens of thousands of jobs.  [Associated Press]

Michelin employees will volunteer in eight elementary schools across South Carolina.  [Associated Press]

News Briefing: A Boon to 2-Year Colleges, Affirming Their Value
By Kate Golden on July 15, 2009 | No Comment

Bill Clinton is scheduled to join a conversation of philanthropists on rural America's future at the Clinton Presidential Center.  [Arkansas Democrat Gazette ]

The Obama administration proposes providing $12 billion to community colleges.  [New York Times]

The …

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