News

British Red Cross Launches Disaster Relief Fund

British Red Cross Launches Disaster Relief Fund

December 29, 2001

The fund is being launched in the aftermath of the September 11 terrorist attacks that prompted an outpouring of donations worldwide for victims of those attacks and the subsequent military action in Afghanistan....

Red Cross Announces Independent Overseer of Liberty Fund

Red Cross Announces Independent Overseer of Liberty Fund

December 28, 2001

The Red Cross has announced that it will spend $317.5 million of its Liberty Disaster Fund on aid to families affected by the September 11 terrorist attacks and that former Senate Majority Leader George Mitchell has agreed to oversee the Fund....

Number of Homeless Increasing in U.S. Cities

Number of Homeless Increasing in U.S. Cities

December 25, 2001

A survey by the U.S. Conference of Mayors found that requests for emergency shelter in twenty-seven cities had increased an average of 13 percent over last year....

Economic Downturn May Boost Donor Involvement at Nonprofits

Economic Downturn May Boost Donor Involvement at Nonprofits

December 20, 2001

The slowing economy is hurting the nonprofit sector's fundraising efforts far more than the diversion of donations to September 11 efforts, but the downturn may ultimately have a positive effect on nonprofits by increasing donor involvement....

Group Completes Preparatory Work for UN Global AIDS Fund

Group Completes Preparatory Work for UN Global AIDS Fund

December 19, 2001

The group laying the groundwork for the United Nations' Global Fund to Fight AIDS, Tuberculosis and Malaria has completed its work, paving the way for the Fund's board to create a framework document and begin operations....

Home Depot Founders Transform Atlanta's Philanthropy

December 18, 2001

Bernard Marcus and Arthur M. Blank, the founders of Home Depot, Inc., are changing the philanthropic landscape in the city of Atlanta, which has mostly benefited from the wealth of Coca-Cola Co. in the last century....

Urban Institute Examines Compensation of Nonprofit Executives

December 16, 2001

According to the Urban Institute, compensation of nonprofit executives varies significantly among different types of organizations, making new IRS regulations that tax nonprofits providing excessive executive compensation difficult to implement....