‘Harvard Business Review’: $100-Billion for Charity
If nonprofit groups took aggressive action to reduce their inefficiencies and cut costs, among other things, they could generate more than $100-billion a year in extra dollars for their charitable programs, says McKinsey & Company, a management-consulting company, in an article in the Harvard…
By Ian Wilhelm and Stephen G. Greene
$12.4-Million Recovered From Bankrupt Pa. Fund
Drexel University’s College of Medicine, in Philadelphia, has received $12.4-million to replenish charitable endowments drained by a medical-research foundation that eventually went bankrupt. The money is part of a $23-million settlement reached last year by Pennsylvania’s attorney general, who…
By Stephen G. Greene
Contributor
Relief groups say security and profiteering cause problemsSecurity concerns and alleged profiteering are complicating the work of charities providing ALSO SEE:Advocacy Group’s Online Savvy Nets More Than DonationsSome Antiwar Groups Plan Long-Term Fund RaisingThe War in Iraq: A Sampling of…
By Stephen G. Greene
Contributor
France Considering Measures to Promote Charitable Giving
In an effort to promote charitable giving and the creation of foundations, the French government has proposed a dozen measures to increase incentives and reduce restrictions on philanthropic activities. The proposals, which follow similar measures approved by Germany in 2000 and the United Kingdom…
By Stephen G. Greene
Contributor
Humanitarian groups mobilize for a crisis in IraqCharities are gearing up to cope with a significant -- potentially catastrophic -- humanitarian ALSO SEE:Charities Grapple With Uncertainty as War Unfolds crisis in and around Iraq, and have begun raising the hundreds of millions of dollars they…
By Stephen G. Greene
Contributor
Anonymous-Gift Fund Gets Final OK From IRS
Nearly a decade after its creation, a foundation that lets donors make gifts anonymously is finally poised to begin fulfilling that purpose. As part of a mediated settlement that follows years of litigation, the Internal Revenue Service has agreed to classify the Fund for Anonymous Gifts as a…
By Stephen G. Greene
Contributor
New President of Independent Sector Seeks to Build Strong Coalitions
As a child growing up in South Africa, Diana Aviv once aspired to be a ballerina. Her new job as president of Independent Sector, a coalition of nonprofit groups and grant makers, will require a different kind of agility if she is to help steer that organization onto center stage in the nonprofit…
By Stephen G. Greene
Contributor
Donors Honor Memory of Astronauts Lost in Crash of Space Shuttle
The loss this month of the space shuttle Columbia and its seven astronauts has prompted people across America and around the world to give money in hopes of commemorating the shuttle crew and helping to ease the financial burden on their families. The Space Shuttle Children’s Trust Fund, in…
By Stephen G. Greene
Contributor
New Planned-Giving Alliance Formed
Planned-giving organizations in Canada, Europe, and the United States have joined together to create an international body to promote their industry. The International Gift Planning Alliance seeks to create an effective link between charitable-gift planners worldwide, and to increase cooperation on…
By Stephen G. Greene
Contributor
Relief Groups Prepare to Provide, and Seek, Aid as Threat of War Looms
In a letter mailed last month to 125,000 of its donors, the International Rescue Committee, in New York, urged recipients to help cover the costs of aiding Iraqi refugees and displaced people. “Our hope is that war in Iraq -- and ALSO SEE:Clouds on the HorizonSierra Club Hopes New Fund-Raising…
By Stephen G. Greene
Contributor