Friday, October 27, 2006

TownOnline.com - Business News: Boston corporations volunteer in Woburn

TownOnline.com - Business News: Boston corporations volunteer in Woburn: "The employees participated in United Way of Massachusetts Bay's 15th annual Community Care Day, an effort to educate volunteers about issues facing the community, foster long-term volunteer engagement and match companies with volunteer projects in issue areas they are most interested in."

Working together to invest in the future : Mail & Guardian Online

Working together to invest in the future : Mail & Guardian Online:
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"There is a growing acceptance that social responsibility should be at the core of the business, not merely an add-on. At the same time, in South Africa the emphasis is growing for market-based solutions to social problems, and not-for-profit organisations are under increasing pressure from donors to be self-funding, doing commissioned work as well as advocacy. This creates its own dangers and -- to use development-speak -- challenges. But it is a reality.

US consultant Susan Raymond, writing on the onPhilanthropy site, underlines the vital questions these developments raise.

'If we no longer know what we mean by the term 'nonprofit' or 'foundation' or 'philanthropy,' how will we continue to make these distinctions? "

Altruism | The joy of giving | Economist.com

Altruism | The joy of giving | Economist.com: "Altruism
The joy of giving

Oct 12th 2006
From The Economist print edition
Donating to charity rewards the brain

PROVIDING for relatives comes more naturally than reaching out to strangers. Nevertheless, it may be worth being kind to people outside the family as the favour might be reciprocated in future. But when it comes to anonymous benevolence, directed to causes that, unlike people, can give nothing in return, what could motivate a donor? The answer, according to neuroscience, is that it feels good.

Researchers at the National Institute of Neurological Disorders and Stroke in Bethesda, Maryland, wanted to find the neural basis for unselfish acts. They decided to peek into the brains of 19 volunteers who were choosing whether to give money to charity, or keep it for themselves. To do so, they used a standard technique called functional magnetic resonance imaging, which can map the activity of the various parts of the brain. The results were reported in this week's Proceedings of the National Academy of Sciences."

Thursday, October 26, 2006

On Wall Street - A SourceMedia and Investcorp publication-The Young and the Wealthy

On Wall Street - A SourceMedia and Investcorp publication: "The Young and the Wealthy

From OWS Magazine | November 2006 Issue

By Jack Sharry

November 1, 2006 - What are the top financial planning issues confronting your high-net-worth clients today? That answer will vary by individual, of course, but maybe not as much as you think. The well-heeled are by no means a one-size-fits-all market--far from it--but there are some traits they share when you look at them by age and net worth."

The Resource Alliance (formerly known as The International Fund Raising Group)-"INTERNATIONAL STATEMENT OF ETHICAL PRINCIPLES IN FUNDRAISING

Additional coverage on this and other International News on our AFP Blog-International news
take a look.

The Resource Alliance (formerly known as The International Fund Raising Group): "INTERNATIONAL STATEMENT OF ETHICAL PRINCIPLES IN FUNDRAISING

On 16 October 2006, twenty-four countries approved the International Statement of Ethical Principles in Fundraising

This historic moment marks the occasion of the first formal document governing fundraising activity worldwide, and the culmination of four years of international dialogue. The meeting was the fourth International Summit, commencing in Toronto in 2003 and concluding in Noordwijkerhout in the Netherlands in 2006. It is the purpose of this Statement of Ethical Principles to foster the growth of a worldwide fundraising community.

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News onPhilanthropy: Blog of the Week: AFP Blog

Thanks to Tom Watson for this honor and kind remarks.
Reed Stockman

News onPhilanthropy: Blog of the Week: AFP Blog: "Blog of the Week: AFP Blog

The Association of Fundraising Professionals is the national membership organization of those who raise money for a living in the major gifts arena and as a trade group, most of its attention is focused on members. Rightly so. But the AFP Blog is wonderful service for anyone working in the sector - and that's because of the terrific work being done by blogger Reed Stockman."

Government Trust in Asia Remains High at the Expense of NGOs

PRESS RELEASE

Government Trust in Asia Remains High at the Expense of NGOs: "A major study of 1,050 regional opinion leaders launched today reveals a shift in trust in institutions. Although the government remains the most trusted institution throughout the Asia-Pacific region with a top rating of 29 percent, NGOs lost significant trust over the past year, with their overall trust rating falling from 28 percent to 22 percent."

Fraternity raises disability awareness with wheel chair - News

Fraternity raises disability awareness with wheel chair - News

Too good to be true? Altruism’s better for you - The Herald

Too good to be true? Altruism’s better for you - The Herald: "So, are we just a bunch of calculating philanthropists?
Not at all. The key thing about competitive altruism is that it's instinctive. The contestants did not know about the second round, where someone would be crowned leader. In fact, they did not know each other at all, so the experiment underlines our innate altruistic tendencies."

Bank of America Announces Initial Findings of Landmark Philanthropy Study: Financial News - Yahoo! Finance

PRESS RELEASE

Bank of America Announces Initial Findings of Landmark Philanthropy Study: Financial News - Yahoo! Finance: "Press Release Source: Bank of America

Bank of America Announces Initial Findings of Landmark Philanthropy Study
Thursday October 26, 7:00 am ET
Extensive Research Focuses on Charitable Practices and Motivations of Wealthy Individuals

BOSTON, Oct. 26 /PRNewswire/ -- Bank of America today released the initial results of the most comprehensive survey to-date of the philanthropic behavior of wealthy Americans. The Bank of America High Net-Worth Philanthropy Study was conducted by The Center on Philanthropy at Indiana University for Bank of America."

Wednesday, October 25, 2006

Inside Bay Area - Actually, you really can get something for nothing

Inside Bay Area - Actually, you really can get something for nothing: "Actually, you really can get something for nothing
Creative auctioneering becomes a fundraising fad
By Suzanne Bohan, STAFF WRITER
Article Last Updated:10/25/2006 02:50:44 AM PDT

How much would you shell out to own an M&M that traveled through space?

How about a dinner on Larry Ellison's yacht? Or a cake by a famed baker?

Better yet, how much would you pay to own nothing?

All of these items, including the right to own thin air, were sold for thousands of dollars.

Sound pricey? Welcome to the new world of fundraising auctions, where the items being sold are getting more unique and the prices people pay, in some cases, are through the roof, according to longtime auctioneers.

Colleges Look to Raise $4 Billion - washingtonpost.com

Colleges Look to Raise $4 Billion - washingtonpost.com: "Colleges Look to Raise $4 Billion

By JUSTIN POPE
The Associated Press
Wednesday, October 25, 2006; 2:46 PM

-- Cornell University is going all-out this week.

Thursday features a news conference in New York City with the mayor. On Friday, 1,000 volunteers and wealthy alumni such as former Citigroup chairman Sanford 'Sandy' Weill will be back on the main campus in Ithaca, N.Y., for an elaborate dinner. The menu: a salad that includes wild mushrooms and sweet vermouth cheesecake; marinated beef tenderloin; and, a hazelnut Godiva chocolate tart with minted raspberry sauce."

Generous Fools [Fool.com: Commentary] October 24, 2006

Generous Fools [Fool.com: Commentary] October 24, 2006:
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"How can you grab a hold of this wave of generosity? Participate in Foolanthropy!

This year marks the tenth interactive, cooperative charity drive directed by the Fool community. You can head over to the special discussion board and nominate a charity you think is a worthy cause. The Motley Fool's Foolanthropy Committee will keep an eye on the discussion and select five of the most Foolish for this year's charity drive, to be announced around Nov. 20. "

DenverPost.com - Arts' echo booms to $1.4 billion tune

DenverPost.com - Arts' echo booms to $1.4 billion tune: "Arts' echo booms to $1.4 billion tune
The 2005 economic-impact data, compiled in a business group's study, says more than 14 million people enjoyed SCFD-funded cultural amenities.
By Julie Dunn
Denver Post Staff Writer
Article Last Updated:10/24/2006 11:57:15 PM MDT

Metro Denver's cultural institutions in 2005 attracted 14.1 million people who spent $785 million, according to a study released Tuesday by the Colorado Business Committee for the Arts.

The group calculated overall economic activity at $1.4 billion, including $597 million in operating expenses and $44 million in capital expenses by cultural organizations.

That's up from $1.3 billion in overall economic activity and 11.3 million attendees in 2003."
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Nonprofits engaged in 'talent war' for grads 10/25/06

Nonprofits engaged in 'talent war' for grads 10/25/06: "Nonprofits engaged in 'talent war' for grads

By Michael Hooper
The Capital-Journal

Nonprofit organizations are struggling to find top talent as college graduates decide how to pay back huge debt levels, a professor said Tuesday during a speech in Topeka.

'There is a talent war,' said Paul Light, professor at New York University's Robert F. Wagner School of Public Service."
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Tuesday, October 24, 2006

Philadelphia Inquirer | 10/22/2006 | Museum will sell a dusty legacy

Philadelphia Inquirer | 10/22/2006 | Museum will sell a dusty legacy: "Museum will sell a dusty legacy
The Academy of Natural Sciences' donated mineral stashes are worth millions. Not everyone is happy.
By Tom Avril
Inquirer Staff Writer

As Philadelphia welcomes 6,000 geologists for their annual convention today, here's an ironic coincidence: The city's natural-history museum is abandoning the rocks-and-minerals business.

Trustees of the cash-strapped Academy of Natural Sciences voted Tuesday to sell more than 15,000 minerals and gems that hadn't been cleaned or displayed for decades. Workers then began boxing up specimens for an unnamed private dealer, acting academy president Ian Davison said."

JTA - Breaking News-Jewish groups among top philanthropies

JTA - Breaking News: "Jewish groups among top philanthropies
U.S. Jewish groups are well-represented in The Chronicle of Philanthropy’s annual list of the 400 largest charities.

The list in the publication’s Oct. 26 issue, which named the 400 U.S. charities that took in the most money from private donors in 2005, included 23 Jewish charities, down from 26 in 2004."

Coke to give land for rights museum | ajc.com

Coke to give land for rights museum | ajc.com: "Coke to give land for rights museum
Surprise gift: CEO pledges 2.5 acres for historic attraction that Atlanta leaders have dreamed of creating.

By Walter Woods, Leon Stafford
The Atlanta Journal-Constitution
Published on: 10/24/06

Following a tradition of landmark gestures to the city, Coca-Cola has agreed to grant a piece of land next to the Georgia Aquarium for an attraction honoring Atlanta as the cradle of the civil rights movement.

Coca-Cola Chief Executive Neville Isdell made the surprise announcement at a lunch of downtown business leaders Monday. He and Mayor Shirley Franklin struck a deal for the 2.5-acre property last week.

Coke will pass the property, estimated to be worth $8 million to $11 million, to the city either as a gift or for a minimal amount. The details have yet to be worked out."

USNews.com: The Master Gives It Back: Warren Buffett

USNews.com: The Master Gives It Back: Warren Buffett: "The Master Gives It Back

By Bill George

Posted Sunday, October 22, 2006


Warren Buffett, the legendary chairman of Berkshire Hathaway, stunned the world this past summer when he announced that he would contribute the bulk of his roughly $40 billion fortune to philanthropy. Even more surprising, the 'Oracle of Omaha' committed more than $30 billion to the Bill and Melinda Gates Foundation, to double its efforts to improve global health."

Monday, October 23, 2006

Brightest stars can overshadow charities | Chicago Tribune

Brightest stars can overshadow charities | Chicago Tribune: "Brightest stars can overshadow charities

By Kayce T. Ataiyero
a Tribune staff reporter
Published October 22, 2006

When charity and celebrity collide, as they did with Madonna's recent adoption of a little boy from Malawi, the cause at hand is often overlooked. People aren't focused on the needs of little David Banda and the reported 1 million orphans in the impoverished southern African nation. Instead, we are fixated on discerning the Material Mom's true intentions."

New York Daily News - City News - Mike: WTC name fix is a no-dough

New York Daily News - City News - Mike: WTC name fix is a no-dough: "Mike: WTC name fix
is a no-dough

BY PAUL D. COLFORD
DAILY NEWS STAFF WRITER

Mayor Bloomberg said yesterday that 'nobody's going to buy' how victims' names will be displayed at the World Trade Center Memorial.

Reacting to financier Howard Lutnick's promise of $25 million - if 9/11 victims' names are grouped the way the families want them - Bloomberg added: 'Nobody's going to dictate with cash what's the right thing to do.'

As the Daily News reported exclusively yesterday, Lutnick supports the wish of 9/11 family groups to have their loved ones' names listed under the companies they worked for, and with their office locations and ages noted."
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Charity Village®NewsWeek: Cover Story-"Succession Planning: What you didn't know you need to do

Charity Village®NewsWeek: Cover Story: "Succession Planning: What you didn't know you need to do
Elisa Birnbaum By Elisa Birnbaum
October 23, 2006

There’s much talk these days about the impending retirement of the generation we refer to as baby boomers. Newspapers, radio talk shows and other mediums are dedicated to providing thought-provoking fodder on how this crop of soon-to-be retirees will spend their future days. How will they squander their pensions? To what exotic destination will they travel? How much will their new condos cost? Of course, one would imagine a discussion on ‘leaving’ would, likewise, involve a serious dialogue on who and what is left behind. So many issues to resolve: who will take the boomer’s place at the head of the boardroom table? How will the organization function without the efficacy and strategic aptitude of Mr. or Mrs. Retiree? How can an organization ensure it finds talented people to fill their shoes?"

Hunger vs. the Arts - WSJ.com

Hunger vs. the Arts - WSJ.com: "Philanthropy
Hunger vs. the Arts
Today's philanthropists want to fight disease and poverty -- shortchanging operas and museums. How high culture is fighting for its share of the charity dollar.
By JACOB HALE RUSSELL
October 14, 2006; Page P1

Michael Tennenbaum is the kind of patron most museums and symphonies dream of landing. He started his own private-investment firm and is a generous philanthropist, recently giving a total of $10 million to three universities and serving on the board of the Boys & Girls Clubs of America.

As for cultural causes, Mr. Tennenbaum says he's not especially interested right now. Education, medicine and children's welfare are 'more deserving based on my set of values and more important socially,' he says"

Bloomberg.com: Muse

Bloomberg.com: Muse: "MoMA and Met Opera Led in Arts Donations in 2005, Survey Says

By Patrick Cole

Oct. 23 (Bloomberg) -- The Museum of Modern Art raised more money from private sources in 2005 than any other not-for-profit museum in the U.S., while the Metropolitan Opera received the most donations among performing arts institutions that year, according to a new survey."

The Chronicle, 10/26/2006: A Year of Big Gains

The Chronicle, 10/26/2006: A Year of Big Gains: "Largest charities saw donations rise 13% in 2005

By Noelle Barton and Holly Hall

Donations to America's largest charities grew by 13 percent last year, to $62.7- billion, according to The Chronicle's
annual Philanthropy 400 survey.

That increase matches the highest percentage gain in the 16 years that The Chronicle has been ranking the 400 most-successful charities. At the height of the technology boom, in 1999, charities in the Philanthropy 400 achieved a 13.4-percent increase."

New York Institutions Rank High On ‘Philanthropy 400' Rankings - October 23, 2006 - The New York Sun

New York Institutions Rank High On ‘Philanthropy 400' Rankings - October 23, 2006 - The New York Sun: "New York Institutions Rank High On ‘Philanthropy 400' Rankings

By A.L. GORDON - Staff Reporter of the Sun
October 23, 2006


New York City's museums, hospitals, and social service agencies are leaders on the Philanthropy 400, a list of top charities nationwide published today by the Chronicle of Philanthropy.

It may not be as widely read as the Fortune 500, but the Philanthropy 400 list matters to the country's top donors and fund-raising professionals, by passing judgment on their ability to attract private dollars from individuals, foundations, and corporations. The list is ranked in order of which organizations received the most money."