Economy:
- Some Nonprofits Can’t Touch Their Money
AP: Rules governing how nonprofits in some states use their endowments date to the 1970s, when most states adopted a uniform law that prohibits withdrawing money from endowments that fall below their “historic dollar value” — the money given to create the endowment, plus any later gifts. - Charities Say Government is Ignoring Them in Crisis
New York Times: Last week, nonprofit leaders representing thousands of organizations across the country signed on to a manifesto that calls on political leaders to support the work of nonprofits. - Many Big Companies Plan to Give Less This Year
Chronicle of Philanthropy: Forty-five percent of businesses surveyed by the Conference Board said they had already reduced the amount they plan to donate this year. Another 16 percent were considering such cuts. - Arts Get Whacked by Rich as Companies Face Losses in Endowments
Bloomberg: Corporations and wealthy individuals are donating less to nonprofits, with arts groups taking the biggest hit, according to two new studies.
Local:
- Cargill Donates $3 Million To Expand Science in Schools
MPR: Most of the money – $2.5 million – will go to the Science Museum of Minnesota so it can distribute a curriculum called ‘Engineering in Elementary’ to all elementary schools in the Minneapolis and Hopkins districts. - Bemidji, Park Rapids Women Inducted into Northwest Minnesota Women’s Hall of Fame
Bemidji Pioneer: The Hall of Fame ceremony serves as the official kickoff to the BSU women’s studies program month-long series of events to celebrate March as Women’s History Month.
National:
- Charitable-Giving Plan Divides Nonprofit Groups and Worries Donors
Chronicle of Philanthropy: As President Obama seeks to reduce the value of the charitable deduction for wealthy Americans, fund raisers and other nonprofit experts are divided over whether his idea would cause any substantial change in charitable giving. - Group Pushes Foundations to Give More to Minorities and the Poor
Chronicle of Philanthropy: Foundations should spend at least half of their grant dollars to help poor neighborhoods and minorities, a foundation watchdog group says.
> Philanthropy and its Enemies
> The NCRP’s Uncharitable Philanthropic Power
> Foundation Leader Calls Watchdog Report ‘Breathtakingly Arrogant’ - And Now, Twitter Philanthropy
Christian Science Monitor: Welcome to the age of “social giving.” Campaigns like the Twestival, which was organized on the microblogging platform Twitter, are changing the landscape of modern philanthropy.
