March 31, 2009, The Wall Street Journal — No loan is too small for small businesses these days.
With many banks continuing to put a hold on lending, more small-business owners and would-be entrepreneurs are turning to microlenders, organizations that dole out smaller loans typically ranging from as little as $500 to $35,000.
March 27, 2009, The Wall Street Journal — The furor over big bonuses at American International Group Inc. and other Wall Street firms is prompting nonprofit organizations to brace for more scrutiny of their executive pay practices.
A handful of senators introduced a tax-policy change Tuesday that they say would encourage charitable foundations to increase their giving.
The new report by the National Committee for Responsive Philanthropy (NCRP) has sparked a lively discussion in the world of philanthropy. Unfortunately, a number of groups have sought to discredit Criteria for Philanthropy at Its Best: Benchmarks to Assess and Enhance Grantmaker Impact by perpetuating misinformation regarding the content of the report and the intent of the organization. NCRP is pushing back to dispel those myths and refocus the debate on the important issues raised in Criteria.
Museums, theaters and operas, already reeling from the recession, are having a tough time attracting support amid perceptions that vital services like soup kitchens and homeless shelters should receive funds first.
President Barack Obama is meeting strong Democratic Party resistance to his proposal to reduce tax deductions enjoyed by upper-income Americans and could be forced to drop or modify the idea.
What can individual donors learn from the philanthropic practices of big corporations? We talked with three corporate leaders at an annual gathering of the Committee Encouraging Corporate Philanthropy (CECP) to find out how big companies make charitable gifts and what their practices can teach individual givers. We also quizzed them about corporate social responsibility — the buzz-term for putting a good charitable or socially-aware face on your company — and whether it helps attract new, younger employees.
On Monday, Robert L. Corcoran, president of the GE Foundation, stood cheerily alongside three other corporate-philanthropy leaders on the balcony above the floor of the New York Stock Exchange to ring the opening bell.
Colleges and universities led by Stanford, Harvard and Columbia raised a record $31.6 billion in fiscal year 2008, but their fund-raising outlook has darkened amid the economic crisis.
Nonprofits already face the prospect of fewer donations amid turmoil at Wall Street firms and other companies. Now, they could face another donation deterrent: Washington's plans to curb executive pay.
