Friday, May 12, 2006
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FT.com / Markets / Wealth - Putting a face to human capital
FT.com / Markets / Wealth - Putting a face to human capital:
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"Bridging the gap between the for-profit and non-profit cultures is what the Goldman programme aims to do. And its in-kind gift is typical of a trend in corporate philanthropy. The amount going to charities is increasing and non-cash gifts dominate.
According to data to be released soon by the Committee to Encourage Corporate Philanthropy and shared with FTWealth, a group of the largest companies in the US gave more than $10bn in philanthropic aid last year, up from $7.6bn in 2004."
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"Bridging the gap between the for-profit and non-profit cultures is what the Goldman programme aims to do. And its in-kind gift is typical of a trend in corporate philanthropy. The amount going to charities is increasing and non-cash gifts dominate.
According to data to be released soon by the Committee to Encourage Corporate Philanthropy and shared with FTWealth, a group of the largest companies in the US gave more than $10bn in philanthropic aid last year, up from $7.6bn in 2004."
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The Times-Reporter-United Way changing distribution
The Times-Reporter: "United Way changing distribution
By J. ANN TIPTON, T-R Staff Writer
The United Way of Tuscarawas County is changing the way it distributes money to area non-profit organizations.
Instead of monthly allocations to the 15 agencies it funds in Tuscarawas County, the United Way announced it will transition to a grant program to fund specific programs within the agencies.
“We have to be able to monitor results and evaluate a program’s effectiveness to continuously improve,” said Scott Robinson, executive director. “Over the past few years, charitable giving has been pretty stagnant, and being able to show the community exactly what’s being done with the money that’s donated is essential in being successful in fund raising.”"
By J. ANN TIPTON, T-R Staff Writer
The United Way of Tuscarawas County is changing the way it distributes money to area non-profit organizations.
Instead of monthly allocations to the 15 agencies it funds in Tuscarawas County, the United Way announced it will transition to a grant program to fund specific programs within the agencies.
“We have to be able to monitor results and evaluate a program’s effectiveness to continuously improve,” said Scott Robinson, executive director. “Over the past few years, charitable giving has been pretty stagnant, and being able to show the community exactly what’s being done with the money that’s donated is essential in being successful in fund raising.”"
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Help others, first lady tells VU grads - Nashville, Tennessee - Friday, 05/12/06 - Tennessean.com
Help others, first lady tells VU grads - Nashville, Tennessee - Friday, 05/12/06 - Tennessean.com: "Help others, first lady tells VU grads
Message of service before self strikes chord with Class of '06
By TRAVIS LOLLER
and CLAUDETTE RILEY
Staff Writers
First lady Laura Bush drew cheers at Vanderbilt University on Thursday when she mentioned 31 graduates adding military commissions to their degrees. She also drew protesters who criticized her husband's handling of the war in Iraq.
But Bush devoted most of her time before seniors and their families urging graduates to spend time helping those less fortunate than themselves."
Message of service before self strikes chord with Class of '06
By TRAVIS LOLLER
and CLAUDETTE RILEY
Staff Writers
First lady Laura Bush drew cheers at Vanderbilt University on Thursday when she mentioned 31 graduates adding military commissions to their degrees. She also drew protesters who criticized her husband's handling of the war in Iraq.
But Bush devoted most of her time before seniors and their families urging graduates to spend time helping those less fortunate than themselves."
Thursday, May 11, 2006
Charities Aid Foundation - News centre (UK)-One-stop shop' for charity queries
Charities Aid Foundation - News centre
One-stop shop' for charity queries
The Charity Commission has announced the creation of a 'one-stop shop' for all its enquiries, to be launched on May 16th this year.
Charity Commission Direct, which will be based in Liverpool, was decided upon as a means of implementing the "change of focus and direction" posited in the Commission's strategic review, and aims to provide answers to charity-related queries faster and more efficiently.
The brand-new service will be the main channel for enquiries of any kind received via phone, fax or email, and a dedicated helpline will be in place to deal with enquiries from trustees relying on the Commission's advice.
One-stop shop' for charity queries
The Charity Commission has announced the creation of a 'one-stop shop' for all its enquiries, to be launched on May 16th this year.
Charity Commission Direct, which will be based in Liverpool, was decided upon as a means of implementing the "change of focus and direction" posited in the Commission's strategic review, and aims to provide answers to charity-related queries faster and more efficiently.
The brand-new service will be the main channel for enquiries of any kind received via phone, fax or email, and a dedicated helpline will be in place to deal with enquiries from trustees relying on the Commission's advice.
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SignOnSanDiego.com > News > Business -- Spitzer, Universal Music settle payola probe for $12 million
SignOnSanDiego.com > News > Business -- Spitzer, Universal Music settle payola probe for $12 million:
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"The $12 million payment will be distributed through the Rockefeller Philanthropy Advisors to nonprofit groups in New York state to fund music education and appreciation programs.
“Consumers have a right not to be misled about the way in which the music they hear on the radio is selected,” Spitzer said. “Pay-for-play makes a mockery of claims that only the 'best' or 'most popular' music is broadcast."
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"The $12 million payment will be distributed through the Rockefeller Philanthropy Advisors to nonprofit groups in New York state to fund music education and appreciation programs.
“Consumers have a right not to be misled about the way in which the music they hear on the radio is selected,” Spitzer said. “Pay-for-play makes a mockery of claims that only the 'best' or 'most popular' music is broadcast."
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Sponsorship vs. advertising - Morton Grove Champion [05-11-06]
Sponsorship vs. advertising - Morton Grove Champion [05-11-06]: "Sponsorship vs. advertising
When district can't afford amenities, can donors be recognized?
BY KATHRYN SCHNEIDER
STAFF WRITER
The debate continues about whether or not Maine Township District 207 high schools should allow advertising and corporate sponsorship on school grounds.
While current school policy forbids advertising of any kind, the school board is considering revising the policy following requests from athletic booster clubs.
The Maine West Booster Club, for example, recently donated a scoreboard to the school that is used in girls' sports. Club President Howard Van Zandt would like to recognize a local electrical firm that donated installation services."
When district can't afford amenities, can donors be recognized?
BY KATHRYN SCHNEIDER
STAFF WRITER
The debate continues about whether or not Maine Township District 207 high schools should allow advertising and corporate sponsorship on school grounds.
While current school policy forbids advertising of any kind, the school board is considering revising the policy following requests from athletic booster clubs.
The Maine West Booster Club, for example, recently donated a scoreboard to the school that is used in girls' sports. Club President Howard Van Zandt would like to recognize a local electrical firm that donated installation services."
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Nonprofit Online News: Trust, But Cut the Cards
Nonprofit Online News: Trust, But Cut the Cards: "Trust, But Cut the Cards
By Put Barber, March 2006
This article was first published in the March 2006 edition of the Nonprofit Online News Journal.
It makes you crazy.
You work day after day in some good cause - there are many - along with good friends and colleagues who bring great creativity to the tasks, put in long hours, pass up higher-paying job opportunities, and take real satisfaction in making a difference in other people's lives. You know for sure that this globe would be a much worse place to live today, and even more so in the future, if the work done by your organization and counterpart nonprofits around the world didn't happen.
And what do you read in the papers? See on TV? Mostly, not a word about all that. Every now and again, a story about how some nonprofit is in financial difficulty. (Who knew?!? Can that really happen?!?). And then, once in a blue moon but all over the front pages, 'Board President Denies Knowledge of Faked Travel Reports!'
By Put Barber, March 2006
This article was first published in the March 2006 edition of the Nonprofit Online News Journal.
It makes you crazy.
You work day after day in some good cause - there are many - along with good friends and colleagues who bring great creativity to the tasks, put in long hours, pass up higher-paying job opportunities, and take real satisfaction in making a difference in other people's lives. You know for sure that this globe would be a much worse place to live today, and even more so in the future, if the work done by your organization and counterpart nonprofits around the world didn't happen.
And what do you read in the papers? See on TV? Mostly, not a word about all that. Every now and again, a story about how some nonprofit is in financial difficulty. (Who knew?!? Can that really happen?!?). And then, once in a blue moon but all over the front pages, 'Board President Denies Knowledge of Faked Travel Reports!'
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CTV.ca | CTV News, Shows and Sports - Canadian Television-Classifieds king finds riches in charity
CTV.ca | CTV News, Shows and Sports - Canadian Television: "Classifieds king finds riches in charity
KEITH McARTHUR, From Thursday's Globe and Mail
John McCall MacBain worked tirelessly for two decades to become the King of Classifieds, accumulating a net worth of at least $1.1-billion through the acquisition of buy-and-sell magazines around the world.
Now the Canadian entrepreneur is selling his company and looking forward to his next big project: Donating $1-billion to aid projects in sub-Saharan Africa.
When Trader Classified Media NV winds up later this year, Mr. McCall MacBain and his wife, Marcy, plan to use at least 80 per cent of their net worth to set up a charitable foundation tasked with improving the health and education of the world's most needy, especially African children."
KEITH McARTHUR, From Thursday's Globe and Mail
John McCall MacBain worked tirelessly for two decades to become the King of Classifieds, accumulating a net worth of at least $1.1-billion through the acquisition of buy-and-sell magazines around the world.
Now the Canadian entrepreneur is selling his company and looking forward to his next big project: Donating $1-billion to aid projects in sub-Saharan Africa.
When Trader Classified Media NV winds up later this year, Mr. McCall MacBain and his wife, Marcy, plan to use at least 80 per cent of their net worth to set up a charitable foundation tasked with improving the health and education of the world's most needy, especially African children."
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Rolling ads solidify charity messages - The Boston Globe
Rolling ads solidify charity messages - The Boston Globe: "A Millis company has decided to spruce up its concrete trucks -- and try to do some good at the same time -- by turning them into rotating billboards with the logos of various charities on them."
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CourierPress: News-"Chief Justice Shepard is a big fan of philanthropy
CourierPress: News: "Chief Justice Shepard is a big fan of philanthropy
By JOHN LUCAS Courier & Press staff writer (812) 464-7433 or lucasj@courierpress.com
May 11, 2006
Indiana Chief Justice Randall T. Shepard pointed to two examples from Evanville's past to illustrate what philanthropy can do for the city's future.
Shepard, an Evansville native and former Vanderburgh Superior Court judge, spoke Wednesday at The Centre at the Leave A Legacy Luncheon of the Evansville Area Fundraising Council. It is an organization of attorneys, financial managers and others who encourage their clients to include charities in their estate plans.
"
By JOHN LUCAS Courier & Press staff writer (812) 464-7433 or lucasj@courierpress.com
May 11, 2006
Indiana Chief Justice Randall T. Shepard pointed to two examples from Evanville's past to illustrate what philanthropy can do for the city's future.
Shepard, an Evansville native and former Vanderburgh Superior Court judge, spoke Wednesday at The Centre at the Leave A Legacy Luncheon of the Evansville Area Fundraising Council. It is an organization of attorneys, financial managers and others who encourage their clients to include charities in their estate plans.
"
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Wednesday, May 10, 2006
Rich rewards outlast Silber's reign - The Boston Globe
Rich rewards outlast Silber's reign - The Boston Globe: "Rich rewards outlast Silber's reign
BU has paid him $7m since 2003
By Marcella Bombardieri, Globe Staff | May 10, 2006
John Silber, who was one of the most handsomely paid university presidents in the nation, has received about $7 million in deferred compensation and other benefits from Boston University since he stepped down as chancellor in 2003."
BU has paid him $7m since 2003
By Marcella Bombardieri, Globe Staff | May 10, 2006
John Silber, who was one of the most handsomely paid university presidents in the nation, has received about $7 million in deferred compensation and other benefits from Boston University since he stepped down as chancellor in 2003."
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Examiner.net: US News from The Associated Press- WTC stairs, areas of Gulf Coast lead list of endangered historic sites
Examiner.net: US News from The Associated Press: "WTC stairs, areas of Gulf Coast lead list of endangered historic sites
DEVLIN BARRETT
Associated Press Writer
WASHINGTON — Anyplace else, the scarred concrete steps would be an eyesore. At ground zero on Sept. 11, 2001, they were a last chance for escape. Now they stand as the last surviving above-ground piece of the World Trade Center.
The 'Survivors Staircase,' as the steps are known, was named one of the nation's most endangered historic places Wednesday, along with whole swaths of New Orleans and Mississippi damaged by Hurricane Katrina.
By singling out the staircase and sections of the South, the National Trust for Historic Preservation seeks to preserve areas hardest hit by the two biggest American disasters of this decade. Katrina, noted Trust president Richard Moe, 'damaged more historic homes than any event in the history of the country.'"
DEVLIN BARRETT
Associated Press Writer
WASHINGTON — Anyplace else, the scarred concrete steps would be an eyesore. At ground zero on Sept. 11, 2001, they were a last chance for escape. Now they stand as the last surviving above-ground piece of the World Trade Center.
The 'Survivors Staircase,' as the steps are known, was named one of the nation's most endangered historic places Wednesday, along with whole swaths of New Orleans and Mississippi damaged by Hurricane Katrina.
By singling out the staircase and sections of the South, the National Trust for Historic Preservation seeks to preserve areas hardest hit by the two biggest American disasters of this decade. Katrina, noted Trust president Richard Moe, 'damaged more historic homes than any event in the history of the country.'"
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Boston - As Day Schools Rake in Mega-Gifts, Some See a Trend in Jewish Giving
Boston - As Day Schools Rake in Mega-Gifts, Some See a Trend in Jewish Giving: "As Day Schools Rake in Mega-Gifts, Some See a Trend in Jewish Giving
By Chanan Tigay
NEW YORK, May 9 (JTA) -- In February, news broke that the Jim Joseph Foundation would give some $25 million a year to Jewish education.
The previous month, the Charles E. Smith Jewish Day School in Rockville, Md., received a $15 million gift from a family foundation. In late 2004, a group of anonymous families made a $45 million donation to three Boston-area day schools.
These gifts followed a $20 million gift in 2001 from the Sidney Kimmel Foundation to The Raymond and Ruth Perelman Jewish Day School, a Solomon Schechter school in Wynnewood, Pa., that is affiliated with the Conservative movement."
By Chanan Tigay
NEW YORK, May 9 (JTA) -- In February, news broke that the Jim Joseph Foundation would give some $25 million a year to Jewish education.
The previous month, the Charles E. Smith Jewish Day School in Rockville, Md., received a $15 million gift from a family foundation. In late 2004, a group of anonymous families made a $45 million donation to three Boston-area day schools.
These gifts followed a $20 million gift in 2001 from the Sidney Kimmel Foundation to The Raymond and Ruth Perelman Jewish Day School, a Solomon Schechter school in Wynnewood, Pa., that is affiliated with the Conservative movement."
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GreenvilleOnline.com -Lifestyle-Volunteerism at work - (5/10/2006)
GreenvilleOnline.com -Lifestyle-Volunteerism at work - (5/10/2006): "Volunteerism at work
As upcoming HOG Day demonstrates, more companies are helping employees take on volunteer roles in Greenville
Published: Wednesday, May 10, 2006 - 6:00 am
By Lillia Callum-Penso
STAFF WRITER
lpenso@greenvillenews.com
Every six weeks, Jill Mashburn spends her lunch break delivering meals as part of a Meals-on-Wheels route.
When her scheduled day arrives, the project controls engineer leaves her office at Fluor a few minutes before lunch to pick up the food. She doesn’t have to go far; the meals are waiting for her in the Fluor lobby.
After a 17-year partnership with Meals-on-Wheels, Fluor has arranged to have the hot meals delivered to its offices to make volunteering more accessible for employees. Sarah Percival, who works in community and public relations at Fluor, says that since the program’s inception, participation has grown. Now there are 150 employees, including Mashburn, who regularly participate in the food program. It is just part of Fluor’s push toward community involvement, says Percival."
As upcoming HOG Day demonstrates, more companies are helping employees take on volunteer roles in Greenville
Published: Wednesday, May 10, 2006 - 6:00 am
By Lillia Callum-Penso
STAFF WRITER
lpenso@greenvillenews.com
Every six weeks, Jill Mashburn spends her lunch break delivering meals as part of a Meals-on-Wheels route.
When her scheduled day arrives, the project controls engineer leaves her office at Fluor a few minutes before lunch to pick up the food. She doesn’t have to go far; the meals are waiting for her in the Fluor lobby.
After a 17-year partnership with Meals-on-Wheels, Fluor has arranged to have the hot meals delivered to its offices to make volunteering more accessible for employees. Sarah Percival, who works in community and public relations at Fluor, says that since the program’s inception, participation has grown. Now there are 150 employees, including Mashburn, who regularly participate in the food program. It is just part of Fluor’s push toward community involvement, says Percival."
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The helping spirit
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The helping spirit: "Similarly, the Association of Fundraising Professionals reports that the 'donor fatigue' many nonprofits feared in the aftermath of Hurricane Katrina hasn't materialized. In fact, the Conference Board, a research group, found that 89 percent of 5,000 survey respondents said that their giving for Hurricane Katrina relief wasn't instead of, but in addition to their other planned charitable gifts.
Polls may indicate that the electorate is in a real funk on some issues, such as the slow progress in Iraq and the mess that FEMA made in handling Katrina survivors."
The helping spirit: "Similarly, the Association of Fundraising Professionals reports that the 'donor fatigue' many nonprofits feared in the aftermath of Hurricane Katrina hasn't materialized. In fact, the Conference Board, a research group, found that 89 percent of 5,000 survey respondents said that their giving for Hurricane Katrina relief wasn't instead of, but in addition to their other planned charitable gifts.
Polls may indicate that the electorate is in a real funk on some issues, such as the slow progress in Iraq and the mess that FEMA made in handling Katrina survivors."
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Banking on philanthropy - Philanthropy Journal-Your online source for news about nonprofits, social issues, and policy change
Banking on philanthropy - Philanthropy Journal-Your online source for news about nonprofits, social issues, and policy change: "Banking on philanthropy
Head of Wachovia's charitable services aims to build philanthropy, support nonprofits.
05.10.2006 -
By Ret Boney
An ordained Episcopal priest and decade-long keyboardist and saxophonist for rock band Nantucket, H. King McGlaughon followed a novel path to the helm of charitable services for one of the largest banks in the U.S.
As the new managing executive of Wachovia's National Philanthropic Practice, he will oversee the bank's $13 billion in charitable assets under management and work to continue its growth.
'My personal goal is that Wachovia becomes widely understood to be the most well-respected and most successful provider"
Head of Wachovia's charitable services aims to build philanthropy, support nonprofits.
05.10.2006 -
By Ret Boney
An ordained Episcopal priest and decade-long keyboardist and saxophonist for rock band Nantucket, H. King McGlaughon followed a novel path to the helm of charitable services for one of the largest banks in the U.S.
As the new managing executive of Wachovia's National Philanthropic Practice, he will oversee the bank's $13 billion in charitable assets under management and work to continue its growth.
'My personal goal is that Wachovia becomes widely understood to be the most well-respected and most successful provider"
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Gingrich gives charities a challenge
Gingrich gives charities a challenge: "Gingrich gives charities a challenge
Wednesday, May 10, 2006
By Ryan Haggerty, Pittsburgh Post-Gazette
Charitable foundations must be flexible and innovative in preparing the United States for an unprecedented era of change, former Republican House Speaker Newt Gingrich told a gathering of the country's philanthropic leaders in Pittsburgh yesterday.
'We may be facing the largest scale of change since Abraham Lincoln in 1861,' said Mr. Gingrich, whose half-hour speech marked the end of the Washington, D.C.-based Council of Foundations' three-day conference at the David L. Lawrence Convention Center.
The conference attracted about 1,600 of the country's top philanthropists, who heard Mr. Gingrich label energy, scientific development, national security, poverty, education and the rise of India and China as evolving issues that will shape America's future."
Wednesday, May 10, 2006
By Ryan Haggerty, Pittsburgh Post-Gazette
Charitable foundations must be flexible and innovative in preparing the United States for an unprecedented era of change, former Republican House Speaker Newt Gingrich told a gathering of the country's philanthropic leaders in Pittsburgh yesterday.
'We may be facing the largest scale of change since Abraham Lincoln in 1861,' said Mr. Gingrich, whose half-hour speech marked the end of the Washington, D.C.-based Council of Foundations' three-day conference at the David L. Lawrence Convention Center.
The conference attracted about 1,600 of the country's top philanthropists, who heard Mr. Gingrich label energy, scientific development, national security, poverty, education and the rise of India and China as evolving issues that will shape America's future."
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BBC NEWS | World | Americas | Washington diary: Culture of giving
BBC NEWS | World | Americas | Washington diary: Culture of giving: "oon after one of my daughters started going to a private school in Washington, I received a call from a mother of one of her classmates.
There was the usual friendly, non-committal chit-chat, after which I moved swiftly to the subject in hand.
'Yes, my daughter would love a play date,' I said, assuming - wrongly, as it turned out - that this was the purpose of the call.
'We were actually looking for some help with our scholarship fund. We are still half a million dollars short of our target!'"
There was the usual friendly, non-committal chit-chat, after which I moved swiftly to the subject in hand.
'Yes, my daughter would love a play date,' I said, assuming - wrongly, as it turned out - that this was the purpose of the call.
'We were actually looking for some help with our scholarship fund. We are still half a million dollars short of our target!'"
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Tuesday, May 09, 2006
RIC - News and Events-Marguerite Brown, RIC Vice-President, named Fundraiser of the Year(Rhode Island Chapter)
RIC - News and Events: "Marguerite Brown, RIC Vice-President, named Fundraiser of the Year
Date Posted: May 9, 2006
Marguerite “Peg” Brown, vice president of development and college relations at Rhode Island College and executive director of the College’s Foundation, was chosen as the Outstanding Fundraising Professional of the Year by the Rhode Island Chapter of the Association for Fundraising Professionals (AFP). She was selected for her contributions to the profession and the Rhode Island community. Brown will be honored at a special luncheon at the AFP conference on May 12 at the Rhode Island Convention Center.
Every year, one of Rhode Island’s fundraising executives is recognized by the AFP. "
Date Posted: May 9, 2006
Marguerite “Peg” Brown, vice president of development and college relations at Rhode Island College and executive director of the College’s Foundation, was chosen as the Outstanding Fundraising Professional of the Year by the Rhode Island Chapter of the Association for Fundraising Professionals (AFP). She was selected for her contributions to the profession and the Rhode Island community. Brown will be honored at a special luncheon at the AFP conference on May 12 at the Rhode Island Convention Center.
Every year, one of Rhode Island’s fundraising executives is recognized by the AFP. "
SAN FRANCISCO / Financial angel buys aquarium at Pier 39 / S.F. businessman supports plan for bay research center
SAN FRANCISCO / Financial angel buys aquarium at Pier 39 / S.F. businessman supports plan for bay research center: "Financial angel buys aquarium at Pier 39
S.F. businessman supports plan for bay research center
Peter Fimrite, Chronicle Staff Writer
Tuesday, May 9, 2006
A San Francisco businessman involved in the development of Treasure Island has purchased the Aquarium of the Bay at Pier 39 from a French company after a bidding war with, among others, Orlando-based giant Ripley Entertainment Inc.
Darius Anderson, the owner of Kenwood Investments, confirmed Monday that he bought the 65,000-square-foot aquarium from BNP Paribas, a French banking and investment firm, for an undisclosed sum."
S.F. businessman supports plan for bay research center
Peter Fimrite, Chronicle Staff Writer
Tuesday, May 9, 2006
A San Francisco businessman involved in the development of Treasure Island has purchased the Aquarium of the Bay at Pier 39 from a French company after a bidding war with, among others, Orlando-based giant Ripley Entertainment Inc.
Darius Anderson, the owner of Kenwood Investments, confirmed Monday that he bought the 65,000-square-foot aquarium from BNP Paribas, a French banking and investment firm, for an undisclosed sum."
King likely to lead group - Pittsburgh Tribune-Review
King likely to lead group - Pittsburgh Tribune-Review: "ittsburgh is poised today to give another leader to the nation's charities.
The directors of the Council on Foundations, the nation's largest group of foundations, are expected to elect Maxwell King, president of The Heinz Endowments, as chairman. He is unopposed.
William E. Trueheart, 63, president and CEO of The Pittsburgh Foundation, in 2004 was elected chairman of the board of Independent Sector, the nation's largest group of charities."
The directors of the Council on Foundations, the nation's largest group of foundations, are expected to elect Maxwell King, president of The Heinz Endowments, as chairman. He is unopposed.
William E. Trueheart, 63, president and CEO of The Pittsburgh Foundation, in 2004 was elected chairman of the board of Independent Sector, the nation's largest group of charities."
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Monday, May 08, 2006
What would Carnegie do about corporate pay, charity? - Yahoo! News
What would Carnegie do about corporate pay, charity? - Yahoo! News: "Andrew Carnegie were still around, odds are he'd come up with a way to quell the increasingly noisy debate over hefty executive pay increases.
To lay the groundwork for his recommendations, he'd likely open with a couple of disquieting facts:
• Survey results reported in The Wall Street Journal revealed that last year, CEOs of 350 major U.S. companies were paid $4.1 billion in salary, bonus and realized long-term compensation. The median pay for these executives jumped 23% over what they earned in 2004.
• Corporate charitable contributions, on the other hand, increased only 5.5% in 2005. When the IRS adds the donation deductions that 400,000 businesses typically take in any tax year, corporate giving is expected to total approximately $13 billion.
So, what's the connection between surging executive pay and relatively sluggish corporate philanthropy? None. But Carnegie, who made his fortune from steel, might argue there should be."
To lay the groundwork for his recommendations, he'd likely open with a couple of disquieting facts:
• Survey results reported in The Wall Street Journal revealed that last year, CEOs of 350 major U.S. companies were paid $4.1 billion in salary, bonus and realized long-term compensation. The median pay for these executives jumped 23% over what they earned in 2004.
• Corporate charitable contributions, on the other hand, increased only 5.5% in 2005. When the IRS adds the donation deductions that 400,000 businesses typically take in any tax year, corporate giving is expected to total approximately $13 billion.
So, what's the connection between surging executive pay and relatively sluggish corporate philanthropy? None. But Carnegie, who made his fortune from steel, might argue there should be."
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Lexington Herald-Leader | 05/07/2006 | One foundation loses money but still donates
Lexington Herald-Leader | 05/07/2006 | One foundation loses money but still donates: "There are far too many non-profit board members who see their service as an honorary position, rather than the fiduciary position that it is under every state law,' said Walter Sczudlo, executive vice president of the national Association of Fundraising Professionals.
An absent board and a highly paid director could run into problems with the IRS, he said. In the wake of the United Way scandal in 1992, in which William Aramony, head of the national organization, was convicted of fraud and mismanagement, the IRS instituted new rules that require compensation of top management to be reasonable, compared to the group's assets."
An absent board and a highly paid director could run into problems with the IRS, he said. In the wake of the United Way scandal in 1992, in which William Aramony, head of the national organization, was convicted of fraud and mismanagement, the IRS instituted new rules that require compensation of top management to be reasonable, compared to the group's assets."
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Lexington Herald-Leader | 05/07/2006 | Contributors urged to find how much actually goes to charity
Lexington Herald-Leader | 05/07/2006 | Contributors urged to find how much actually goes to charity: "States are trying to create more accountability and transparency into non-profit laws,' said Walter Sczudlo, executive vice president of the national Association of Fundraising Professionals.
Some states are looking into requiring annual audits of non-profits with revenues above a certain amount. Kentucky currently does not require them, although some large ones, like the Markey Cancer Foundation, choose to do them.
Sczudlo said states must walk a fine line."
Some states are looking into requiring annual audits of non-profits with revenues above a certain amount. Kentucky currently does not require them, although some large ones, like the Markey Cancer Foundation, choose to do them.
Sczudlo said states must walk a fine line."
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Riskier days ahead for stodgy foundations
Riskier days ahead for stodgy foundations: "Riskier days ahead for stodgy foundations
Sunday, May 07, 2006
By Dan Fitzpatrick, Pittsburgh Post-Gazette
Heinz Endowments President Max King is not shy about pushing the secretive, old-money world of Pittsburgh philanthropy to embrace greater risk, first doing so in 2002, when he led a highly public effort to pull local foundation money from the city's embattled school district.
Starting today and continuing tomorrow and Tuesday, the former Philadelphia newspaper editor has a chance to push the same message to the rest of the country as newly named chairman of the Council of Foundations, a Washington, D.C.-based trade group hosting its annual conference at the David L. Lawrence Convention Center."
Sunday, May 07, 2006
By Dan Fitzpatrick, Pittsburgh Post-Gazette
Heinz Endowments President Max King is not shy about pushing the secretive, old-money world of Pittsburgh philanthropy to embrace greater risk, first doing so in 2002, when he led a highly public effort to pull local foundation money from the city's embattled school district.
Starting today and continuing tomorrow and Tuesday, the former Philadelphia newspaper editor has a chance to push the same message to the rest of the country as newly named chairman of the Council of Foundations, a Washington, D.C.-based trade group hosting its annual conference at the David L. Lawrence Convention Center."
Chron.com | Officials Try to Slash WTC Memorial Costs
Chron.com | Officials Try to Slash WTC Memorial Costs: "Officials Try to Slash WTC Memorial Costs
By AMY WESTFELDT Associated Press Writer
© 2006 The Associated Press
NEW YORK — Reeling from an estimate that the World Trade Center memorial could cost close to $1 billion, rebuilding officials began weighing possible design changes Friday, while the mayor slammed private fundraising efforts for the project.
Members of the World Trade Center Memorial Foundation met Friday with city and state officials to go over a contractor's estimate that the memorial could cost $972 million, nearly twice the last estimate of $490 million."
By AMY WESTFELDT Associated Press Writer
© 2006 The Associated Press
NEW YORK — Reeling from an estimate that the World Trade Center memorial could cost close to $1 billion, rebuilding officials began weighing possible design changes Friday, while the mayor slammed private fundraising efforts for the project.
Members of the World Trade Center Memorial Foundation met Friday with city and state officials to go over a contractor's estimate that the memorial could cost $972 million, nearly twice the last estimate of $490 million."
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Digital Spy - Showbiz - Bono turns editor for charity
Digital Spy - Showbiz - Bono turns editor for charity: "Bono turns editor for charity
Sunday, May 7 2006, 14:58 BST - by Matthew Houghton
U2 frontman Bono will edit The Independent newspaper for a day in an attempt to raise awareness about the the AIDS problem in Africa.
The singer is reportedly already commissioning articles and offering ideas for the edition that will be released on May 16."
Sunday, May 7 2006, 14:58 BST - by Matthew Houghton
U2 frontman Bono will edit The Independent newspaper for a day in an attempt to raise awareness about the the AIDS problem in Africa.
The singer is reportedly already commissioning articles and offering ideas for the edition that will be released on May 16."
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Agency helps givers find causes to match passions - The Boston Globe
Agency helps givers find causes to match passions - The Boston Globe: "Many philanthropists want to give their money away anonymously. They also want to ensure the money gets to the right cause, but may not want to take the time to make sure their money is used wisely.
Even if they want to remain unnamed, many philanthropists still want to ensure that their money is used well by the right cause.
That's where Peter Karoff, a poet and founder of The Philanthropic Initiative, Inc., comes in. Among other things, the 17-year-old Boston nonprofit helps anonymous donors find the right causes. Every spring, TPI gives grants of $30,000 to six individuals who work in community service in Greater Boston. The money, given without strings attached, comes from anonymous donors who contacted TPI."
Even if they want to remain unnamed, many philanthropists still want to ensure that their money is used well by the right cause.
That's where Peter Karoff, a poet and founder of The Philanthropic Initiative, Inc., comes in. Among other things, the 17-year-old Boston nonprofit helps anonymous donors find the right causes. Every spring, TPI gives grants of $30,000 to six individuals who work in community service in Greater Boston. The money, given without strings attached, comes from anonymous donors who contacted TPI."
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Lexington Herald-Leader | 05/07/2006 | High costs of having a ball
Lexington Herald-Leader | 05/07/2006 | High costs of having a ball: "High costs of having a ball
Parties can be an expensive way to raise money for charity
By Linda B. Blackford and Beverly Fortune
HERALD-LEADER STAFF WRITERS
The Markey Cancer Foundation, a non-profit organization that raises money for UK's Markey Cancer Center, used to give the largest, lushest party in Central Kentucky, complete with elegantly dressed guests, lavish decorations and the sale of Tiffany jewels. At its height, the famed Lexington Ball raised $176,000 for cancer research at the university."
Parties can be an expensive way to raise money for charity
By Linda B. Blackford and Beverly Fortune
HERALD-LEADER STAFF WRITERS
The Markey Cancer Foundation, a non-profit organization that raises money for UK's Markey Cancer Center, used to give the largest, lushest party in Central Kentucky, complete with elegantly dressed guests, lavish decorations and the sale of Tiffany jewels. At its height, the famed Lexington Ball raised $176,000 for cancer research at the university."
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From the Smithsonian to Bridgegate Square: a conference for museums
From the Smithsonian to Bridgegate Square: a conference for museums: "From the Smithsonian to Bridgegate Square: a conference for museums
By Ben Hruska, Assistant Administrator, Block Island Historical Society
Longtime island summer resident Dennis O'Toole, left, attended the conference. He is director of the Canada Alamosa Institute in Monticello, N.M. The author is at right.
Last week I attended the American Association of Museums Annual meeting in Boston. The organization celebrated its 100-year contribution to the museum field, and this meeting of 6,500 represented the single largest gathering of museum professionals in history. Rubbing shoulders with museum professionals from the Metropolitan Museum of Art and the Smithsonian, I could not help but think that I represented the smallest museum on the smallest island in the smallest state."
By Ben Hruska, Assistant Administrator, Block Island Historical Society
Longtime island summer resident Dennis O'Toole, left, attended the conference. He is director of the Canada Alamosa Institute in Monticello, N.M. The author is at right.
Last week I attended the American Association of Museums Annual meeting in Boston. The organization celebrated its 100-year contribution to the museum field, and this meeting of 6,500 represented the single largest gathering of museum professionals in history. Rubbing shoulders with museum professionals from the Metropolitan Museum of Art and the Smithsonian, I could not help but think that I represented the smallest museum on the smallest island in the smallest state."
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