Roundup of stories about nonprofits and philanthropy.
Economy:
- Some Charities See Good News and Bad in the Economy
Minnesota Public Radio: For organizations like Goodwill Industries, which sell donated items in second-hand stores, these tough economic times bring both good news and bad news. - More From Foundations Now Means Less in the Future
Financial Times: Board members, donors and managers in the social sector will need to summon their courage and embrace an “equity ethic” to ensure that they and the organisations they support will be able to stay the course for the people who need them. To do so, they will need to tame one of their strongest impulses: to do more. - The Future of Corporate Philanthropy
BusinessWeek: In the downturn, corporate chiefs like GE’s Immelt say social responsibility will remain vital, but it must be cost-effective and fit corporate needs.
Local/national/international:
- St. Kate’s Receives Record $20 Million Gift
Star Tribune: The anonymous endowment gift guarantees the St. Paul college’s School of Health will get at least $1 million a year in perpetuity. - Alternative Fuels Company Receives Initiative Foundation Financing
Brainerd Dispatch: The company will build a new facility to manufacture cleaner-burning pellets; the rising costs of energy and corn have caused orders for the pellets to outpace their production capacity. - That Donation Just Cost You $25,000
NonProfit Times: The credit card companies are paying attention to what you’re doing and are tightening the screws to persuade organizations to make changes in the way they think about and handle credit card information. - Let Foundations Go Forth, Multiply and Prosper
Dallas Morning News editorial: A new study by Washington, D.C., economists Robert Shapiro and Aparna Mathur offers a revealing look at their contributions. We suggest members of Congress read and absorb it, and think twice before eyeing these foundations as piggy banks for potential tax revenues. - Some Companies Donate their Holiday Party Budget to Charity
USA Today: Company-sponsored holiday galas hit a 20-year low in 2008, according to a survey. But instead of saving cash, some firms are pursuing a more selfless mission. - Family Charities Get Focused
Wall Street Journal: As wealthy families reassess their investment portfolios and look to preserve their wealth amid today’s weak economy, many are also rethinking their charitable giving.
