News

Nature Conservancy's Corporate Ties Spark Criticism

May 7, 2003

The Arlington, Virginia-based environmental group, best known for purchasing wilderness land to protect it from development, may have compromised its mission by working too closely with corporations....

Former Health Midwest Foundations Collect Assets

May 3, 2003

As part of the sale of the nonprofit healthcare system, to for-profit HCA Inc., eleven public foundations formerly associated with the Health Midwest system have received cash assets totaling $94 million....

Diversification Pays Off for Foundation Endowments

Diversification Pays Off for Foundation Endowments

April 30, 2003

Foundations created from the proceeds of a single company are finding that diversifying out of their founders' stock is often a wise investment strategy, particularly in a rocky equities market....

Judge Orders Barnes Foundation to Share Audit

April 30, 2003

The foundation, which is seeking court permission to expand its board and move its prestigious art collection to downtown Philadelphia, has been ordered to release a financial audit it had fought to keep private....