Roundup of media coverage on the world of nonprofits and philanthropy.
Economy
Nonprofits Fear Charitable Giving Will be Cut by More Than 10%
Investment News: The banking and finance industries make up 25% of foundation support, study says.
Donors Find Gift Annuities Can Stop Giving
Wall Street Journal: The economic downturn could cause some charities to have trouble meeting their annuity obligations.
From the Answer Desk: How Can Foundations Avoid or Address Financial Emergencies?
Foundation Center: There’s no single answer that will be right for all organizations. Here are 10 resources that may help.
Recession Slams U.S. Arts Organizations
Philanthropy News Digest: U.S. Art Organizations fight the economy and the perception that donations to the Arts are frivolous in tough economic times.
Local
Hourcar’s Fleet Now Includes 20 Cars at 18 Locations in Minneapolis
Star Tribune: Seward Co-op home of new vehicle sharing hub. A 2008 matching grant of up to $150,000 from the McKnight Foundation should help the expansion continue.
Young Essay Writer Inspires Capitol Crowd
Kare 11: Sixth Grader Shavaughnta Carter from Concordia Creative Learning Academy in Saint Paul wins essay contest and hearts with letter to President Obama. The TCF Foundation is proud to present a cash award to Carter for the Center for School Change essay contest.
Foundation Awards Free Paint
Albert Lea Tribune: The Southern Minnesota Initiative Foundation awards $7,600 worth of free paint to local organizations through their annual “Picture It Painted” program.
National
Nonprofit Groups Receive Mixed Results in Obama’s Budget
The Chronicle of Philanthropy: The $3.5-trillion federal budget that President Obama has proposed for 2010 would affect federal programs in a variety of ways that affect charities.
Highlights from President Obama’s Budget Proposal
The Washington Grantmakers Daily: Seven articles about President Obama’s budget and how it will impact different nonprofits.
Michelle Obama Announces $50 Million Fund for Nonprofits
The Washington Post: Michelle Obama unveils Social Innovation Fund. Initiative to provide capital to support innovative nonprofit organizations and to help social entrepreneurs expand.
Philanthropy Adapts to the Obama Era
The American Prospect: One philanthropist reports feeling he has a “partner, not an adversary” in new administration. A reflection on philanthropy and its relationship with both past and current administration.
Charities Reap Benefits of Contests on the Internet
The New York Times: The opportunities for nonprofit groups to win money through contests are proliferating.
Target, Facebook Team Up and Let 10 Charities Compete for $$$
Star Tribune: Target Foundation asks facebook members to vote on distribution of $3 million among ten different charities.
