News

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....

Interim CEO to Leave D.C. United Way

Interim CEO to Leave D.C. United Way

April 28, 2003

Robert Egger has announced that he will step down as interim chief executive officer of the United Way of the National Capital Area, which fell into disarray last fall after its previous CEO was ousted because of financial mismanagement....

Mellon Foundation Grant Supports Ecology Data Network

Mellon Foundation Grant Supports Ecology Data Network

April 26, 2003

Through its Network for Biocomplexity, the National Center for Ecological Analysis and Synthesis hopes to encourage collaboration and enable more comprehensive analysis of the world's natural ecosystems....

Fundraising for Iraq Relief Off to Slow Start

Fundraising for Iraq Relief Off to Slow Start

April 23, 2003

Charities raising money for humanitarian relief efforts in Iraq have reported disappointing results so far, mainly because U.S. donors haven't yet perceived a substantial need for private philanthropy in that country....

$1 Billion Poorer, Pew Cuts Grants

April 23, 2003

The stock market declines of the last few years have dealt a blow to the endowments of many foundations, and the Pew Charitable Trusts, whose endowment was valued at $3.75 billion at the end of 2002, is no exception....

Connecticut Charities Hit by Property Taxes

April 22, 2003

Nonprofit groups say the taxes will force them to cut services or close altogether, putting the burden of providing such services back on the very municipalities that are taxing them....

Iraq Donations Mirror Media Shift to Civilian Woes

April 21, 2003

As media coverage of the war shifts from troops in danger to the suffering of individual Iraqis, more Americans are contributing to groups providing humanitarian aid to the war-ravaged country....