New York Fundraisers Are Bullish on 2015 Giving Picture
A majority of nonprofit fundraisers in the New York City area are optimistic about the donor climate and expect their organizations to boost development staffs this year, according to a Crain’s New York Business survey of development professionals.
Bill Clinton Could Quit Foundation if Hillary Elected
In an interview Wednesday at the Clinton Global Initiative conference in Denver, the former president said he will exit the charity he founded after leaving the White House if Hillary Clinton is elected president and asks him to step down, Bloomberg and the Associated Press report.
Va. Court Blocks Controversial Closure of Private College
The Supreme Court of Virginia has put a temporarily hold on plans to shutter Sweet Briar College, buoying students and alumni who have rallied to keep the 114-year-old women’s school open, reports The Wall Street Journal.
How to Budget for Fundraising Growth
Extensive research has shown that budgeting more for administrative costs in the development office results in substantially greater contributions.
Minn. Sues Epilepsy Charity Over Ties to Thrift-Store Chain
Two and a half weeks after suing thrift-store operator Savers over its charity fundraising practices, Minnesota Attorney General Lori Swanson took legal action Monday against one of the firm’s nonprofit partners, the Epilepsy Foundation of Minnesota, the Star Tribune reports.
Arts Leader Tapped to Head Lincoln Center Fund Drive
Lincoln Center has hired Vin Cipolla, president of the Municipal Art Society of New York, to oversee the capital campaign to fund a $500 million renovation of its concert venue, soon to be renamed for David Geffen, The New York Times reports.
Restricted Gifts Can Help Ward Off Charity Fraud, Study Finds
Keeping accounting in-house and doing regular audits also help keep nonprofits clean, according to a new report.
By Alex Daniels
Contributor
Opinion: The Problem With a $400 Million Harvard Gift
Hedge-fund mogul John Paulson’s $400 million donation to Harvard University showcases what’s wrong with big higher-education endowments and the megaphilanthropy that swells them, according to Quartz.
Clinton Foundation Raised $26 Million Through Swedish Arm
The Stockholm-based affiliate raised millions of dollars for the foundation from donors in Sweden while that country’s government was urging the Hillary Clinton-led State Department to ease economic sanctions on Iran, according to The Washington Times.
Creating a Budget That Helps Increase Contributions
Donations to one health center soared after an experienced fundraiser created budgets for fundraising revenue and expenses.
By Holly Hall
Contributor
Moody’s Sees Brighter Fiscal Outlook for Nonprofit Hospitals
Nonprofit health systems saw median revenue rise by 4.7 percent in fiscal year 2014 and costs cut by a similar rate, according to a new report by the credit-rating agency, Healthcare Finance News writes.
Sports Firm Buys Va. Site of Dormant Slavery Museum
A New Jersey company has purchased the 38-acre Fredericksburg, Va., property formerly intended as the site of the long-delayed United States National Slavery Museum, writes The Free-Lance Star of Fredericksburg.
Mich. Court Upholds State Limits on Charity Poker Games
The Michigan Court of Appeals ruled Friday in favor of state regulators seeking to impose new restrictions on charity gambling fundraising events known as “millionaires parties,” reports the Detroit Free Press.
Lacking Donor Support, Jewish Group Cuts Back on Advocacy
Two years after launching an effort to beef up its political advocacy and grass-roots work, aid charity the American Jewish World Service is scaling back such work, laying off 10 staff members dedicated to community organizing, The Forward writes.
Supermodel Charity’s Award for Clinton Came With $500,000 Gift
Bill Clinton agreed to accept an award at from celebrity model Petra Nemcova’s school-building charity, the Happy Hearts Fund, last year after the organization agreed to make the contribution to the Clinton Foundation, according to The New York Times.
Forecast for Major Funds: Increased Giving in 2015
Assets at the nation’s largest 31 foundations topped $148.7 billion last year as grant makers steered more than $7.8 billion toward nonprofits, according to a new Chronicle survey.
By Alex Daniels and Lance Lambert