The New York Times
While Wall Street has slowly returned from the depths of the financial crisis, nonprofit groups that have come to depend on the industry’s donations are still struggling. With the global market turmoil and the threat of a double-dip recession, many big banks are clutching their cash or rethinking their giving strategy to maximize their dollars.
The changing nature of Wall Street giving has touched many corners of the nonprofit world. Financial firms accounted for the largest amount of corporate cash donations in 2010, according to the Committee Encouraging Corporate Philanthropy.
While it certainly hasn’t reached a tipping point, the number of foundation chief executives using Twitter is growing — slowly.
Jeffrey Raikes, chief executive of the Bill & Melinda Gates Foundation, started tweeting last month. His boss, Bill Gates, has been on Twitter since January 2010.
James Knickman, head of the New York State Health Foundation, signed on recently. Alberto Ibarguen of the John S. and James L. Knight Foundation and Risa Lavizzo-Mourey of the Robert Wood Johnson Foundation are tweeting their way to significant numbers of "followers."
On Wednesday evening, the Direct Marketing Association of Washington presented its annual MAXI Awards on the eve of the 2011 Bridge to Integrated Marketing and Fundraising Conference at the Gaylord National Resort in National Harbor, Md.
MatchingDonors.com is asking the public to help raise awareness about being a living organ donor on MatchingDonors.com through their Everybody Can Save A Life Video Contest!
Donnie Andrews' life is one that David Simon and Ed Burns would have had to invent if he hadn't already lived it.
Andrews, the inspiration for the ruthless yet moral stickup man Omar Little in the Simon and Burns HBO series "The Wire," has formed a nonprofit organization called Why Murder?
At 57, Andrews seems grateful to be alive, speaking repeatedly about "blessings" on Thursday evening to a group gathered at the University of Maryland Law School to launch and raise funds for his new nonprofit organization targeting urban youth.
The John S. and James L. Knight Foundation has announced a grant of $1.5 million to Do Something for its campaign to sign up 3.8 million members by 2014 by engaging teens via mobile technology. Coupled with a similar grant from Omidyar Network, Do Something seeks to substantially broaden its reach and impact, the New York Times reports.
On Monday afternoon, the W. P. Carey Foundation plans to announce that it will give $30 million to the University of Maryland School of Law, which is in Baltimore. It will be renamed the Francis King Carey School of Law, after Mr. Carey’s grandfather, an 1880 graduate.
A merger of Smile Train and Operation Smile, two nonprofit groups that work to repair cleft lips and palates, is being called off as a result of widespread opposition among Smile Train’s donors, according to documents whose contents were confirmed by a person familiar with the matter.
Billionaire David H. Koch opened the new David H. Koch Institute for Integrative Cancer Research at the Massachusetts Institute of Technology, which he gave $100 million to help build. And in a brief, and rare, interview, Mr. Koch, 70, spoke of his hopes for the new center, his prostate cancer and the prank call heard around the world.
Louisiana’s biggest corporate players, many with long agendas before the state government, are restricted in making campaign contributions to Gov. Bobby Jindal. But they can give whatever they like to the foundation set up by his wife months after he took office. AT&T, which needed Mr. Jindal, a Republican, to sign off on legislation allowing the company to sell cable television services without having to negotiate with individual parishes, has pledged at least $250,000 to the Supriya Jindal Foundation for Louisiana’s Children.