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Finance and Revenue

(page 88 of 100)

San Francisco Church Feuds With Charity Affiliate Over Housing

San Francisco officials have weighed in on a showdown between a city church and a nonprofit it founded to manage a low-income housing development over a planned sale of the complex, the San Francisco Chronicle reports.

Howard Buffett Nonprofit Invests Millions in Congo Hydropower

The philanthropist and his foundation are placing a big bet on hydroelectricity to spur development in the Democratic Republic of Congo, pledging nearly $60 million for power projects in the war-torn central African nation, Reuters writes.

Foundation Figures in Fight Over Helen Gurley Brown’s Legacy

The New York Times explores connections between the Pussycat Foundation and controversies over control of the late Cosmopolitan publisher’s legacy and her valuable Manhattan apartment. 

New Captain Puts N.Y.’s Seaport Museum on the Right Course

New York’s South Street Seaport Museum, long plagued by financial troubles and nearly done in by Hurricane Sandy, is righting itself under a leader with little prior museum experience but a deep background in seagoing and historic ships, writes The Wall Street Journal.

Case Study: Lessons From a Midsize Charity’s Donor-Database Upgrade

How a summer education program in San Francisco worked through a complicated and challenging change with a consultant.

Obesity Charity Led by Disgraced ‘Subway Guy’ Made No Grants

Former Subway pitchman Jared Fogle’s anti-obesity nonprofit, which announced plans in 2008 to allocate $2 million a year to schools and community groups to promote healthy lifestyles, has not issued any grants, USA Today reports.

U. of Wisconsin Foundation Draws Millions From Health Gift

The university’s nonprofit fundraising affiliate has collected more than $30 million in fees from a $600 million contribution to medical research and education by Blue Cross Blue Shield United of Wisconsin in 2003, the Milwaukee Journal Sentinel.

Philadelphia Foundation Looks to Retool Under New Leader

With a new president in place and several years of stagnant fundraising behind it, one of the country’s oldest community foundations is rethinking its strategy and mission, with a close eye on what other big-city grant makers are doing, writes The Philadelphia Inquirer.

Australian Fund Manager at Leading Edge of Pro Bono Trend

The Wall Street Journal looks at an emerging trend of money-management firms whose stock pickers work without pay and a portion of proceeds go to charity, focusing on Australian firm Future Generation Global Investment.

Budget-Cutting Brings Top-Level Exits at Colorado History Museum

Four top officials at the Colorado History Museum, includings its chief executive, are leaving the institution as part of a buyout program instituted by the museum’s strapped nonprofit parent organization, writes The Denver Post.

Smithsonian Tops Crowdfunding Goal for Armstrong Space Suit

The National Air and Space Museum raised $720,000 on Kickstarter to conserve the space suit Neil Armstrong wore on his historic moon walk, wrapping up a campaign that surpassed the Smithsonian’s goal by more than 40 percent, writes the Associated Press.

Okla. Lawmaker Pleads Guilty in $1.8-Million Nonprofit Fraud

State Sen. Rick Brinkley resigned from his seat on Thursday after admitting in court to defrauding a nonprofit business group he led, The Oklahoman and the Associated Press report.

Ousted Head of Fla. Nonprofit Fires Back Over Dismissal

The former CEO of a Florida cancer charity who was fired earlier this month amid allegations that he used a business arrangement to draw money from a subsidiary of the group has filed a lawsuit claiming his former employer owes him more than $300,000 in wages and benefits, the Sarasota Herald-Tribune writes.

Inside New York Humanitarian Group’s Nepal Mission

The New Yorker reports on the successes, frustrations, and calculations of providing emergency medical aid through the prism of a trip by emergency relief group NYC Medics to Nepal in April to treat earthquake victims.

Memphis Symphony CEO Departing as Group Rights Fiscal Ship

Roland Valliere, who was hired last year to turn around the financially ailing Memphis Symphony Orchestra, will step down in November after slashing costs by reaching a deal with musicians to take steep pay cuts, reports The Commercial Appeal.

Charity’s Collapse Casts Shadow on Britain’s ‘Mother Teresa’

Bloomberg examines the unraveling of Kids Company, a British youth charity that was held up as a model of the government’s Big Society effort and received millions of dollars in taxpayer funds but shut down earlier his month after running out of cash.