Recent Study Validates Commitment to Corporate Volunteerism and Indroduces New Model for Success: "Recent Study Validates Commitment to Corporate Volunteerism and Indroduces New Model for Success
(CSRwire) SAN FRANCISCO - 'Measuring Corporate Volunteerism,' a new research study by LBG Associates, highlights leading U.S. corporations' commitment to volunteerism and explores the key components necessary to ensure successful employee volunteer programs. The study reveals strong support for volunteerism in the corporate world, especially with senior executives who view volunteerism as a vital part of their corporate cultures. "
Monday, November 29, 2004
SocietyGuardian.co.uk | Society | The ultimate Christmas present
SocietyGuardian.co.uk | Society | The ultimate Christmas present: "The ultimate Christmas present
It costs you time, not money, but it can make a big difference to what might be a lonely time for someone else. Emma Lunn suggests a range of charities that could use your help over the holiday period
Monday November 29, 2004
The Guardian
If you're not working over Christmas and are casting around for ways in which you can expend all that pent-up energy rather than sublimate it into stuffing yourself with turkey and rowing with in-laws during the Queen's speech, then you might want to consider donating your time off over the festive period to those who would truly appreciate your help. Charities need volunteers to help with a wide range of activities over the holiday period. These days it's not all serving in soup kitchens - they look for people who can do anything from befriending the vulnerable to helping the homeless improve their basic literacy and numeracy skills. "
It costs you time, not money, but it can make a big difference to what might be a lonely time for someone else. Emma Lunn suggests a range of charities that could use your help over the holiday period
Monday November 29, 2004
The Guardian
If you're not working over Christmas and are casting around for ways in which you can expend all that pent-up energy rather than sublimate it into stuffing yourself with turkey and rowing with in-laws during the Queen's speech, then you might want to consider donating your time off over the festive period to those who would truly appreciate your help. Charities need volunteers to help with a wide range of activities over the holiday period. These days it's not all serving in soup kitchens - they look for people who can do anything from befriending the vulnerable to helping the homeless improve their basic literacy and numeracy skills. "
UWI students try to raise $1m for Ivan victims - JAMAICAOBSERVER.COM
UWI students try to raise $1m for Ivan victims - JAMAICAOBSERVER.COM: "Students at the University of the West Indies, through the UWI Development Fund, are trying to raise at least $1 million to help victims of Hurricane Ivan.
The initiative will be launched under the auspices of Students CARE (Conscious, Active, Responsive and Empowered) - an entirely student-run project geared at cultivating a culture of philanthropy among university students.
Under the slogan 'A bills to build', the project aims to procure $100 or more from as many students as possible to reach - and possibly surpass - the target of $1 million."
The initiative will be launched under the auspices of Students CARE (Conscious, Active, Responsive and Empowered) - an entirely student-run project geared at cultivating a culture of philanthropy among university students.
Under the slogan 'A bills to build', the project aims to procure $100 or more from as many students as possible to reach - and possibly surpass - the target of $1 million."
Telegraph | News | Sudan expels British charity head
Telegraph | News | Sudan expels British charity head: "The head of Save the Children in Sudan has been expelled from the country over claims that the charity breached Sudanese law by claiming warplanes dropped bombs near an aid centre in Darfur. "
Democrat & Chronicle:
Democrat & Chronicle:: "Foundation teaches girls art of philanthropy
Donna Jackel
Staff writer
(November 29, 2004) � The Women's Foundation of the Genesee Valley has given a group of teenage girls a rare and unusual treat: dole out thousands of dollars to worthy programs that help other young women.
Three years ago, the Women's Foundation created the Girls Grant-making Committee. Teenage girls review grant proposals from area organizations that help young women, then award grants, which range from about $8,000 to $11,000.
The award money comes from ticket sales from 'Voices of Experience,' an event for young women hosted by the Women's Foundation. Professional women explain how they advanced their careers and what it takes to be successful. "
Donna Jackel
Staff writer
(November 29, 2004) � The Women's Foundation of the Genesee Valley has given a group of teenage girls a rare and unusual treat: dole out thousands of dollars to worthy programs that help other young women.
Three years ago, the Women's Foundation created the Girls Grant-making Committee. Teenage girls review grant proposals from area organizations that help young women, then award grants, which range from about $8,000 to $11,000.
The award money comes from ticket sales from 'Voices of Experience,' an event for young women hosted by the Women's Foundation. Professional women explain how they advanced their careers and what it takes to be successful. "
Modbee.com | The Modesto Bee Charity making return in 2004
Modbee.com The Modesto Bee:
snip snip
"The Association of FundRaising Professionals, in a survey of 3,000 charities across the nation, reported that 73 percent had 2003 donations that equaled or exceeded the previous year's. A survey a year earlier found only 60 percent with flat or growing donations.
'We have to keep in mind that 2001 and 2002 were some of the worst years for charitable giving over the past 40 years,' said Paulette Maehara, the association's president and CEO, in a press release. 'Charitable giving, while not outright decreasing, was very flat. While our survey can't measure exactly when it happened, at some point in 2003, charitable giving turned the corner.'
Charitable trusts"
snip snip
"The Association of FundRaising Professionals, in a survey of 3,000 charities across the nation, reported that 73 percent had 2003 donations that equaled or exceeded the previous year's. A survey a year earlier found only 60 percent with flat or growing donations.
'We have to keep in mind that 2001 and 2002 were some of the worst years for charitable giving over the past 40 years,' said Paulette Maehara, the association's president and CEO, in a press release. 'Charitable giving, while not outright decreasing, was very flat. While our survey can't measure exactly when it happened, at some point in 2003, charitable giving turned the corner.'
Charitable trusts"
The Times Record - Fort Smith, Arkansas
The Times Record - Fort Smith, Arkansas: "�Tis The Season To Adopt Philanthropy Mentality
Well, the Christmas season has officially arrived now that Thanksgiving has come and blown by at warp speed. With �the season� comes the daily reminders about how many shopping days remain until Christmas and an avalanche of advertising second only to the recently concluded (thank goodness) presidential campaign."
Well, the Christmas season has officially arrived now that Thanksgiving has come and blown by at warp speed. With �the season� comes the daily reminders about how many shopping days remain until Christmas and an avalanche of advertising second only to the recently concluded (thank goodness) presidential campaign."
The New York Times > New York Region > New York Region Special > The Neediest Cases: With One Dime or a Million Dollars, Finding a Way to Help
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The New York Times > New York Region > New York Region Special > The Neediest Cases: With One Dime or a Million Dollars, Finding a Way to Help: "n 1928, when Virginia Miles was 12, she made her first contribution to The New York Times Neediest Cases Fund, donating her life savings - 10 cents.
'It really was a sacrifice,' she said. 'You could go buy a lot with 10 cents in those days. You could buy so much penny candy it would make you sick.'"
The New York Times > New York Region > New York Region Special > The Neediest Cases: With One Dime or a Million Dollars, Finding a Way to Help: "n 1928, when Virginia Miles was 12, she made her first contribution to The New York Times Neediest Cases Fund, donating her life savings - 10 cents.
'It really was a sacrifice,' she said. 'You could go buy a lot with 10 cents in those days. You could buy so much penny candy it would make you sick.'"
Big stakes as donor's heirs fight Princeton
Big stakes as donor's heirs fight Princeton: "In higher education circles, Robertson vs. Princeton University is the kind of epic lawsuit that could make Ivy League history.
The dispute is simple: Members of the Robertson family, heirs to the A&P supermarket fortune, are unhappy with how Princeton officials have spent their late parents' enormous donation to the school and want the money back.
What sets the case apart is the amount involved ($600 million), the stature of the players (one of nation's wealthiest families and one of the world's most prestigious universities) and the severity of charges (misuse of funds, fraud "
The dispute is simple: Members of the Robertson family, heirs to the A&P supermarket fortune, are unhappy with how Princeton officials have spent their late parents' enormous donation to the school and want the money back.
What sets the case apart is the amount involved ($600 million), the stature of the players (one of nation's wealthiest families and one of the world's most prestigious universities) and the severity of charges (misuse of funds, fraud "
AP Wire | 11/28/2004 | A third of phone numbers on no-call list to drop off on Dec. 1
AP Wire | 11/28/2004 | A third of phone numbers on no-call list to drop off on Dec. 1: "A third of phone numbers on no-call list to drop off on Dec. 1
TODD RICHMOND
Associated Press
MADISON, Wis. - A third of the telephone numbers on Wisconsin's popular no-call list are set to drop off it next month, opening the door for telemarketers to call during football games, dinner and naps if people don't reregister.
About 573,000 of the 1.6 million numbers on the list will slide off it Dec. 1, said Jim Rabbitt, director of the state Bureau of Consumer Protection. Most telemarketers who call numbers on the list face penalties of up to $100 per violation"
TODD RICHMOND
Associated Press
MADISON, Wis. - A third of the telephone numbers on Wisconsin's popular no-call list are set to drop off it next month, opening the door for telemarketers to call during football games, dinner and naps if people don't reregister.
About 573,000 of the 1.6 million numbers on the list will slide off it Dec. 1, said Jim Rabbitt, director of the state Bureau of Consumer Protection. Most telemarketers who call numbers on the list face penalties of up to $100 per violation"
ContraCostaTimes.com | 11/28/2004 | Governor's openness vow is tested
ContraCostaTimes.com | 11/28/2004 | Governor's openness vow is tested: "Governor's openness vow is tested
By Tom Chorneau
ASSOCIATED PRESS
SACRAMENTO - Despite promises to open up government and even his own calendar for public review, Gov. Arnold Schwarzenegger's efforts to reshape California benefit from millions of dollars in spending by nonprofit groups that are not required to disclose where they get or how they spend their money."
By Tom Chorneau
ASSOCIATED PRESS
SACRAMENTO - Despite promises to open up government and even his own calendar for public review, Gov. Arnold Schwarzenegger's efforts to reshape California benefit from millions of dollars in spending by nonprofit groups that are not required to disclose where they get or how they spend their money."
Love Inspires Gift for the Study of Diabetes (washingtonpost.com)
Love Inspires Gift for the Study of Diabetes (washingtonpost.com): "Love Inspires Gift for the Study of Diabetes
McLean Couple Gives U-Mich. $44 Million
By Jacqueline L. Salmon
Washington Post Staff Writer
Sunday, November 28, 2004; Page C01
Fifty-three years ago, young Bill Brehm sat quietly as a doctor warned him about the young woman to whom he had just become engaged.
Delores 'Dee' Sonderquist, a diabetic, wouldn't live long, the doctor said. She would be unable to have children, and complications of the disease would be devastating. "
McLean Couple Gives U-Mich. $44 Million
By Jacqueline L. Salmon
Washington Post Staff Writer
Sunday, November 28, 2004; Page C01
Fifty-three years ago, young Bill Brehm sat quietly as a doctor warned him about the young woman to whom he had just become engaged.
Delores 'Dee' Sonderquist, a diabetic, wouldn't live long, the doctor said. She would be unable to have children, and complications of the disease would be devastating. "
Boston.com / Business / Taxes / IRS warns on charity deductions
Boston.com / Business / Taxes / IRS warns on charity deductions: "IRS warns on charity deductions
Agency cracks down on contributors who overvalue gifts
By Leonard Wiener, Globe Correspondent | November 27, 2004
Being charitable is a good way to get into the holiday spirit. But the Internal Revenue Service is concerned that a lot of taxpayers sidestep the spirit of the law by going overboard on how they deduct contributions."
Agency cracks down on contributors who overvalue gifts
By Leonard Wiener, Globe Correspondent | November 27, 2004
Being charitable is a good way to get into the holiday spirit. But the Internal Revenue Service is concerned that a lot of taxpayers sidestep the spirit of the law by going overboard on how they deduct contributions."
Will 'simplification' kill the mortgage interest deduction?
Will 'simplification' kill the mortgage interest deduction?: "What he said next was artfully ambiguous: 'One of the interesting debates will be, of course, in the course of simplification, will there be incentives in the code: charitable giving, of course, and mortgage deductions are very important. As governor of Texas, when I -- sometime I think I was asked about simplification, I always noted how important it was for certain incentives to be built into the tax code, and that will be an interesting part of the debate"
Daily Journal, Johnson County, Indiana's Daily Online Newspaper
Daily Journal, Johnson County, Indiana's Daily Online Newspaper: "Donors aren�t opening their pocketbooks as much lately for Johnson Memorial Hospital, and fund-raisers are blaming a two-month controversy about hospital ownership late last year.
Fund raising has slumped three times lower than last year�s total, and the Johnson County Health Foundation is struggling to keep contributions coming from donors who are doubtful about the hospital�s future."
Fund raising has slumped three times lower than last year�s total, and the Johnson County Health Foundation is struggling to keep contributions coming from donors who are doubtful about the hospital�s future."
United Way cuts leave nonprofits struggling
Lowell Sun Online - Today's Headlines: "United Way cuts leave nonprofits struggling
Agency says new formula aids more groups, has donor appeal
By VANESSA HUGHES, Sun StaffThe Boys Scouts' Yankee Clipper Council closed its Chelmsford office July 1. It reduced the budget for its camps, froze expenses and salaries and cut its phone use, printing costs and postage.
The boys are trying to sell more popcorn for their annual fund-raiser this holiday season, while executives seek individual and family donations, the bulk of their funding.
They're trying to make up for a $78,850 cut in aid from the United Way of Merrimack Valley. "
Agency says new formula aids more groups, has donor appeal
By VANESSA HUGHES, Sun StaffThe Boys Scouts' Yankee Clipper Council closed its Chelmsford office July 1. It reduced the budget for its camps, froze expenses and salaries and cut its phone use, printing costs and postage.
The boys are trying to sell more popcorn for their annual fund-raiser this holiday season, while executives seek individual and family donations, the bulk of their funding.
They're trying to make up for a $78,850 cut in aid from the United Way of Merrimack Valley. "
PortlandTribune.com | Nonprofits get in twist over transit mall
PortlandTribune.com | Nonprofits get in twist over transit mall: "Nonprofits get in twist over transit mall
Some vow lawsuit to avoid assessment; others support redo
By JIM REDDEN Issue date: Fri, Nov 26, 2004
The Tribune
Managers of downtown nonprofit organizations are split about helping to pay for the $160 million Transit Mall Revitalization Project approved by the City Council. Although some are willing to make the payments, others are talking about suing the city to avoid them.
The council did not exempt nonprofit organizations from participation in the local improvement district it created to help fund the project on Nov. 17. Property owners within the district will be assessed $19 million toward the cost of remodeling the existing mall and running a new light-rail line between Union Station and Portland State University. Landlords are expected to pass the charge onto their tenants.
Andella Macdonald, executive director of the downtown YWCA, says nonprofits should have been exempted from the district. Macdonald says her agency will have to cut services to pay its portion of the assessment.
�We�re a struggling nonprofit organization. We don�t have a separate source of money we can use to pay for such things,� she says."
Some vow lawsuit to avoid assessment; others support redo
By JIM REDDEN Issue date: Fri, Nov 26, 2004
The Tribune
Managers of downtown nonprofit organizations are split about helping to pay for the $160 million Transit Mall Revitalization Project approved by the City Council. Although some are willing to make the payments, others are talking about suing the city to avoid them.
The council did not exempt nonprofit organizations from participation in the local improvement district it created to help fund the project on Nov. 17. Property owners within the district will be assessed $19 million toward the cost of remodeling the existing mall and running a new light-rail line between Union Station and Portland State University. Landlords are expected to pass the charge onto their tenants.
Andella Macdonald, executive director of the downtown YWCA, says nonprofits should have been exempted from the district. Macdonald says her agency will have to cut services to pay its portion of the assessment.
�We�re a struggling nonprofit organization. We don�t have a separate source of money we can use to pay for such things,� she says."
Owings Mills Times
Owings Mills Times: "A release from Hadassah's national office stated that the president's executive orders would enable some charitable organizations to discriminate against job applicants on the basis of religion. The orders, the release said, did not include safeguards to prevent government aid from being used for 'religious coercion, proselytization or indoctrination.'"
TechSoup - TechSoup - Forums: Virtual Community
TechSoup - TechSoup - Forums: Virtual Community: "Virtual Community
Learn more about how communicating through message boards, chat and e-mail can support your organization's goals and mission.
Hosted by Susan Tenby
ONLINE EVENT:THE IMPACT OF SPAM ON YOUR ORGANIZATION is happening in this forum 11/29-12/3. Don't miss it!"
Learn more about how communicating through message boards, chat and e-mail can support your organization's goals and mission.
Hosted by Susan Tenby
ONLINE EVENT:THE IMPACT OF SPAM ON YOUR ORGANIZATION is happening in this forum 11/29-12/3. Don't miss it!"
Spirit of America
Spirit of America: "Friends of Iraq Blogger Challenge
Support freedom, democracy and peace in Iraq
Leading bloggers are competing to raise funds to benefit the people of Iraq. 100% of all donations go to needs selected by these bloggers. Many of our projects support requests made by Americans serving in Iraq (Marines, Army, SeaBees) for goods that help the Iraqi people. Other projects directly support Iraqis who are on the front lines of building a better future for Iraq.
Want to participate?
Join the challenge as an individual blogger or as a team"
Support freedom, democracy and peace in Iraq
Leading bloggers are competing to raise funds to benefit the people of Iraq. 100% of all donations go to needs selected by these bloggers. Many of our projects support requests made by Americans serving in Iraq (Marines, Army, SeaBees) for goods that help the Iraqi people. Other projects directly support Iraqis who are on the front lines of building a better future for Iraq.
Want to participate?
Join the challenge as an individual blogger or as a team"
OpinionJournal - Featured Article
OpinionJournal - Featured Article: "REVIEW & OUTLOOK
Bashing the Boy Scouts
One group whose First Amendment rights the ACLU opposes.
Friday, November 26, 2004 12:01 a.m. EST
Legal historians may someday explain how the once-great American Civil Liberties Union came to see the Boy Scouts as public enemy number one. In the meantime, the ACLU keeps on bringing its absurd First Amendment challenges against the Scouts. The Defense Department is the latest defendant to throw in the towel.
The issue this time is the status of Scout troops on military bases. Most troops have institutional sponsors, and the military has traditionally performed this function for troops on bases, especially overseas where other options aren't readily available. The ACLU claims "
Bashing the Boy Scouts
One group whose First Amendment rights the ACLU opposes.
Friday, November 26, 2004 12:01 a.m. EST
Legal historians may someday explain how the once-great American Civil Liberties Union came to see the Boy Scouts as public enemy number one. In the meantime, the ACLU keeps on bringing its absurd First Amendment challenges against the Scouts. The Defense Department is the latest defendant to throw in the towel.
The issue this time is the status of Scout troops on military bases. Most troops have institutional sponsors, and the military has traditionally performed this function for troops on bases, especially overseas where other options aren't readily available. The ACLU claims "
Charity Village� NewsWeek: Cover Story Rural Roots: making the case for small town philanthropy
Charity Village� NewsWeek: Cover Story: "Rural roots: Making the case for small-town philanthropy
November 29, 2004
By Nicole Zummach
Most Canadians live in urban centres or their surrounding suburbs. Everything is close at hand, whether it's groceries, the theatre, a bookstore, or the family doctor. Not surprisingly, the majority of Canadian nonprofits also set up shop in urban areas, allowing them to reach out to large numbers of the population. Living in the hustle and bustle of a city can make it easy to forget there is a world beyond its borders. Nevertheless, people living in rural areas have many of the same needs as city dwellers, but accessibility to services and resources is usually quite limited. The same is true for the nonprofits that operate in these areas. Funding is tight, capacity is small, and most rural nonprofits are run by volunteers rather than paid staff."
November 29, 2004
By Nicole Zummach
Most Canadians live in urban centres or their surrounding suburbs. Everything is close at hand, whether it's groceries, the theatre, a bookstore, or the family doctor. Not surprisingly, the majority of Canadian nonprofits also set up shop in urban areas, allowing them to reach out to large numbers of the population. Living in the hustle and bustle of a city can make it easy to forget there is a world beyond its borders. Nevertheless, people living in rural areas have many of the same needs as city dwellers, but accessibility to services and resources is usually quite limited. The same is true for the nonprofits that operate in these areas. Funding is tight, capacity is small, and most rural nonprofits are run by volunteers rather than paid staff."
Charity Village� NewsWeek: Cover Story
Charity Village� NewsWeek: Cover Story: "Rural roots: Making the case for small-town philanthropy
November 29, 2004
By Nicole Zummach
Most Canadians live in urban centres or their surrounding suburbs. Everything is close at hand, whether it's groceries, the theatre, a bookstore, or the family doctor. Not surprisingly, the majority of Canadian nonprofits also set up shop in urban areas, allowing them to reach out to large numbers of the population. Living in the hustle and bustle of a city can make it easy to forget there is a world beyond its borders. Nevertheless, people living in rural areas have many of the same needs as city dwellers, but accessibility to services and resources is usually quite limited. The same is true for the nonprofits that operate in these areas. Funding is tight, capacity is small, and most rural nonprofits are run by volunteers rather than paid staff."
November 29, 2004
By Nicole Zummach
Most Canadians live in urban centres or their surrounding suburbs. Everything is close at hand, whether it's groceries, the theatre, a bookstore, or the family doctor. Not surprisingly, the majority of Canadian nonprofits also set up shop in urban areas, allowing them to reach out to large numbers of the population. Living in the hustle and bustle of a city can make it easy to forget there is a world beyond its borders. Nevertheless, people living in rural areas have many of the same needs as city dwellers, but accessibility to services and resources is usually quite limited. The same is true for the nonprofits that operate in these areas. Funding is tight, capacity is small, and most rural nonprofits are run by volunteers rather than paid staff."
PND News - Florida Cultural Groups Suffer in Aftermath of Storms
PND News - Florida Cultural Groups Suffer in Aftermath of Storms: "Florida Cultural Groups Suffer in Aftermath of Storms
Months after the busiest hurricane season in memory, dozens � maybe hundreds � of Florida museums, symphonies, theater companies, and other nonprofit arts groups are still struggling to recover, the Miami Herald reports.
As a result, leaders of arts organizations in the state plan to petition the state for as much as $50 million in special aid to help cover their losses from canceled productions, reduced ticket sales, and redirected donations."
Months after the busiest hurricane season in memory, dozens � maybe hundreds � of Florida museums, symphonies, theater companies, and other nonprofit arts groups are still struggling to recover, the Miami Herald reports.
As a result, leaders of arts organizations in the state plan to petition the state for as much as $50 million in special aid to help cover their losses from canceled productions, reduced ticket sales, and redirected donations."
Canada NewsWire
Canada NewsWire: "Attention News Editors:
Canadians and Their Social Commitment: The Next Generation of Volunteers is Ready and Willing
TORONTO, Nov. 25 /CNW Telbec/ - Three Canadian workers in five (61%)
between the ages of 40 and 54 - the baby boomers - do some form of volunteer
work for a charity or community organization or plan to be socially involved
when they retire, according to a national survey on retirement conducted by
research firm SOM for Desjardins Financial Security.
Although there are more people over age 65 doing volunteer work in
proportion to the boomers (22% compared to 9%), the total potential for boomer
volunteers is greater (65% to 39%). Among people aged 55 to 64, 54% already do
volunteer work or intend to."
Canadians and Their Social Commitment: The Next Generation of Volunteers is Ready and Willing
TORONTO, Nov. 25 /CNW Telbec/ - Three Canadian workers in five (61%)
between the ages of 40 and 54 - the baby boomers - do some form of volunteer
work for a charity or community organization or plan to be socially involved
when they retire, according to a national survey on retirement conducted by
research firm SOM for Desjardins Financial Security.
Although there are more people over age 65 doing volunteer work in
proportion to the boomers (22% compared to 9%), the total potential for boomer
volunteers is greater (65% to 39%). Among people aged 55 to 64, 54% already do
volunteer work or intend to."
Gadsden Times
Gadsden Times: "Givers and Colleges Clash on Spending
By GREG WINTER and JONATHAN CHENG
New York Times
Ever since he sued the University of Southern California for fraud four years ago, accusing it of misusing his $1.6 million gift for biological research on aging and then lying about it, Paul F. Glenn has put his beneficiaries on a short leash. "
By GREG WINTER and JONATHAN CHENG
New York Times
Ever since he sued the University of Southern California for fraud four years ago, accusing it of misusing his $1.6 million gift for biological research on aging and then lying about it, Paul F. Glenn has put his beneficiaries on a short leash. "
Rocky Mountain News: Local
Rocky Mountain News: Local: "State auditor will review records on athletics spending
By Joanne Kelley, Rocky Mountain News
November 27, 2004
The University of Colorado Foundation maintains that it keeps close tabs on the millions of dollars that flow in and out of its vast coffers, but the details are mostly kept private, raising questions about who benefits from all the secrecy.
Charity watchdogs say the setup at most university foundations is ripe for abuse, while attorneys and accountants insist that it's all perfectly legal."
By Joanne Kelley, Rocky Mountain News
November 27, 2004
The University of Colorado Foundation maintains that it keeps close tabs on the millions of dollars that flow in and out of its vast coffers, but the details are mostly kept private, raising questions about who benefits from all the secrecy.
Charity watchdogs say the setup at most university foundations is ripe for abuse, while attorneys and accountants insist that it's all perfectly legal."
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