Friday, March 10, 2006

Power Women, United for a Cause - New York Times

Power Women, United for a Cause - New York Times: "The hedge fund business is about many things, but it is mainly about men. Women manage money at just a tiny fraction of the nearly 9,000 hedge funds, the lightly regulated partnerships that invest in everything from stocks to exotic derivatives. Not only is it a business dominated by men, but it is also known for its aggressive testosterone-driven trading.
So it may not be surprising that women in the hedge fund business have been active in forming connections among themselves, primarily on behalf of philanthropic endeavors.
Last year, Ms. Rahl helped set up High Water Women, which supports several charities for women and children through fund-raisers and events like monthly outings with children from poor New York City neighborhoods. High Water Women is meant to be a local offshoot of a similar national group called 100 Women in Hedge Funds."

Rhode Island news | projo.com | The Providence Journal | Opinion: Contributors

Rhode Island news | projo.com | The Providence Journal | Opinion: Contributors: "As everyone involved in nonprofit fundraising can attest, it is getting more difficult to keep going back to this same shrinking group of benefactors. In fact, according to the Association of Fundraising Professionals-RI Chapter, in 2003, 'The capacity of [Rhode Island] non-profit organizations to fundraise and generate sufficient resources to support their work is more challenging every day.'"

Thursday, March 09, 2006

Northern Trust Reports Charitable Giving to Increase in 2006: Financial News - Yahoo! Finance

PRESS RELEASE

Northern Trust Reports Charitable Giving to Increase in 2006: Financial News - Yahoo! Finance: "Northern Trust Reports Charitable Giving to Increase in 2006
Thursday March 9, 11:00 am ET
Gulf Coast Storms Drive Desire to Give and Volunteer

CHICAGO, March 9 /PRNewswire-FirstCall/ -- Donating to charity is woven into both the budgets and financial plans of most affluent households and nearly half plan to increase their charitable giving in 2006, according to a landmark study, 'Wealth in America,' conducted by Northern Trust, one of the nation's largest private wealth advisors and managers of charitable trusts and private foundations for more than 100 years.

ADVERTISEMENT
The study of 1,014 high net worth households with $1 million or more of non-real estate liquid or 'investable' assets examines in part the most prevalent attitudes toward charity, the impact of the Gulf Coast storms on charitable giving, the amounts donated in 2005 and increases planned for 2006, and the types of organizations to which money is donated."

News

News: "News

Americans quake contributions top $130 million

ISLAMABAD, March 09 : The hearts of Americans sank when they learned that a devastating earthquake had struck Pakistan on October 8. Touched by the tragedy half a world away, they did what Americans do at such times – they gave. More than $130 million in contributions have been tracked to philanthropic organizations from U.S. individuals, corporations and foundations to Pakistan earthquake relief, a U.S embassy said on Thursday.

The amount, calculated by the Center on Philanthropy at Indiana University, represents total U.S. private contributions to the Asian earthquake relief and recovery efforts in Pakistan by U.S. individuals, corporations and foundations."

New Mexico Business Weekly: This gift continues to give - 2005-10-10

New Mexico Business Weekly: This gift continues to give - 2005-10-10: "This gift continues to give
New Mexico Business Weekly - October 7, 2005
by Megan Kamerick
NMBW Staffd

The last five years have been rife with predictions that trillions of dollars will change hands as baby boomers and their aging parents retire or pass away.

While some economists have cast doubts on the size of this windfall, nonprofits are positioning themselves to reap its predicted benefits. More organizations are setting up planned giving programs and consistently rate the tactic as one of their most successful fundraising techniques."

Nonprofit groups should be open, accountable | TheNewsTribune.com | Tacoma, WA

Nonprofit groups should be open, accountable | TheNewsTribune.com | Tacoma, WA: "Nonprofit groups should be open, accountable

LIZ HEATH
Published: March 8th, 2006 02:30 AM
Several people have asked me lately if nonprofit board meetings are subject to the requirements of the open-meetings laws.

While I’m not an attorney, I believe the answer is no. Our boards are not required by law to make sure our meetings are announced to the general public or to welcome anyone who wishes to attend. That’s the legal side of the issue."

For The Pew's Rebecca Rimel, the Bottom Line Is Impact, Not Profits - Knowledge@Wharton

For The Pew's Rebecca Rimel, the Bottom Line Is Impact, Not Profits - Knowledge@Wharton: "When Rebecca Rimel, president and CEO of the Philadelphia-based Pew Charitable Trusts, describes the challenges she faces running a $4.6 billion organization, she uses the same words one hears from leaders in the for-profit world: 'highly strategic,' 'politically aware,' 'leveraged' and 'accountable.' But her bottom line is impact, not profits. 'We are highly driven to make a difference in the key issues that matter to the health and happiness of our stakeholders -- the public,' she said during a recent leadership talk at Wharton. 'We play to win and choose initiatives where we think we can do that. Being focused and tough-minded [defines] the business I am in every day.'"

TheStar.com - $5M gift for new opera house

TheStar.com - $5M gift for new opera house: "5M gift for new opera house
Hal Jackman donates $5 million
Mar. 9, 2006. 05:45 AM
MARTIN KNELMAN

It was one of the longest courtships in the history of cultural philanthropy, but at last Hal Jackman has stepped forward as a major donor to Toronto's new opera house.

Jackman — a former president of the Canadian Opera Company board — has pledged $5 million for the Four Seasons Centre for the Arts.

In recognition of his gift, the patrons' lounge (which stretches along Queen St.) will bear his name."

Chicago Tribune | Y-USA close to picking its new president/CEO

Chicago Tribune | Y-USA close to picking its new president/CEO: "Y-USA close to picking its new president/CEO

By Charles Storch
Tribune staff reporter
Published March 9, 2006

At YMCA of the USA headquarters in Chicago last week, Kenneth Gladish moved to the 12th floor from the 14th, a drop in altitude and status. He had officially stepped down on Feb. 28 as president and chief executive officer and was starting a three-month stint as adviser during the leadership transition.

But who will succeed Gladish, who had led the nation's largest social-services non-profit for the last 6 1/2 years?

Miami lawyer Dan Casey chairs the Y-USA's national board and heads its 11-member presidential committee.

In an interview, he said that since Gladish gave notice last September, the committee retained the executive search firm Spencer Stuart, solicited comments from local YMCAs and considered prospects outside and within the Y movement."

Memphis Daily News - Corporate Scandals Create Focus on Nonprofit Accountability - 3/9/2006

Memphis Daily News - Corporate Scandals Create Focus on Nonprofit Accountability - 3/9/2006: "Corporate Scandals Create Focus on Nonprofit Accountability
As local funding competition increases, agencies must prove worthiness


School children are given free fingerprinting kits and taught about safety.

Families who live in poverty are able to say goodbye to substandard housing.

Downtown Memphis parks, streets and medians are kept well-manicured, and visitors get to gaze at exhibits in the renovated Fire Engine House No. 1 at 118 Adams St.

That may sound like a lot, but it's all in a day's work for countless nonprofit agencies in Memphis.

By one estimate, the U.S. nonprofit sector is the sixth largest economic market in the world. But pressure is building to make nonprofit agencies more influential, accountable and attractive to donors, and the same goes for the mix of agencies operating in Memphis."

The Chronicle, 3/9/2006: 3.6% Gain in College Salaries

The Chronicle, 3/9/2006: 3.6% Gain in College Salaries: "3.6% Gain in College Salaries

By Caroline Preston

The median salary for chief fund raisers at colleges and universities rose by nearly 3.6 percent last year, according to the College and University
ALSO SEE:

TABLE: Median salaries of college fund-raising officials, 2005-6

Professional Association for Human Resources, in Knoxville, Tenn. The increase exceeded the inflation rate of 3.4 percent for the 12-month period ending last December."

CNN.com - No fish story: Aquarium draws million in 3 months - Mar 1, 2006

CNN.com - No fish story: Aquarium draws million in 3 months - Mar 1, 2006: "No fish story: Aquarium draws million in 3 months
Attendance has been far beyond Georgia Aquarium's expectations

By David E. Williams
CNN

Wednesday, March 1, 2006 Posted: 2348 GMT (0748 HKT)
ATLANTA, Georgia (CNN) -- The Georgia Aquarium opened in November to great fanfare and high expectations -- with organizers predicting it would draw more than 2 million visitors the first year and pump millions of dollars into the Atlanta economy.

It's gotten off to a fast start, welcoming its millionth guest Wednesday, 98 days after opening its doors."

Wednesday, March 08, 2006

Silicon Valley/San Jose Business Journal: Don't only eye admin costs when evaluating a charity - 2006-03-06

Silicon Valley/San Jose Business Journal: Don't only eye admin costs when evaluating a charity - 2006-03-06: "Don't only eye admin costs when evaluating a charity
Silicon Valley/San Jose Business Journal - March 3, 2006
So, you want to do some charitable giving and you want to approach it in a business-like manner, treating your charitable investments as you would your business investments.

Just as you would before investing in a stock or mutual fund, some due diligence on potential recipients of your charitable investments is in order."

The Enquirer - Foundation sets the bar for charity

The Enquirer - Foundation sets the bar for charity: "Foundation sets the bar for charity
BY CLIFF PEALE | ENQUIRER STAFF WRITER

From major community issues such as race relations to $31.9 million in grants to local nonprofit groups last year, the Greater Cincinnati Foundation is making its presence felt.

On the financial bottom line, that means a record $434.5 million in assets and $53.7 million in gifts to the foundation last year.

But outside the foundation's offices at Fourth and Elm streets downtown, it means a community foundation with a wider reach and more capacity, one that increasingly sets the bar for much of the charitable giving throughout Greater Cincinnati and Northern Kentucky."

Laity, clergy hold differing views on tithing, surveys show

Laity, clergy hold differing views on tithing, surveys show: "Laity, clergy hold differing views on tithing, surveys show
By LifeWay Communications

PHOENIX, Ariz. - Most Protestant ministers believe Christians are supposed to tithe - or give 10 percent of their income - to their local church. Unfortunately for ministers and churches, most people in the pews do not agree with them.

Those were the findings of two studies conducted by Ellison Research in Phoenix, Ariz. One was a representative sample of 811 Protestant church ministers nationwide, and the other was a companion survey of 1,184 people who attend Protestant churches at least once a month.

The results were released in the March/April edition of 'Facts & Trends' a magazine published bimonthly by LifeWay Christian Resources of the Southern Baptist Convention."

Dressage event a fund-raiser for cancer charity

Dressage event a fund-raiser for cancer charity: "Dressage event a fund-raiser for cancer charity

By Christine Davis

Special to Neighborhood Post

Wednesday, March 08, 2006

This is a big month for dressage events, the highlight being the U.S. Equestrian Federation National Grand Prix Freestyle Championship/U.S. League Final, which takes place March 17-18 at the Winter Equestrian Festival.

But there's another event, which, according to its organizer, Mary Ross of Boca Raton, is different from the rest. It's the Cadillac Challenge of the Americas, which will be at 5:30 p.m. Saturday at International Polo Club Palm Beach in Wellington."

Democrat & Chronicle: Business-Kodak coaches helping nonprofits work better

Democrat & Chronicle: Business:
snip snip>>
"The extension was one of nine agencies to participate in the latest session of Rapid Cycle, a community initiative intended to improve the performance of nonprofits by applying business-oriented methods for eliminating waste and reducing mistakes.

Participants in the program, which paired Eastman Kodak Co. managers with nonprofit teams, gathered Tuesday to compare notes and start planning for the next round of the program."

Tuesday, March 07, 2006

Iowa Nonprofit Resource Center: Home Page-"The Iowa Principles and Practices for Charitable Nonprofit Excellence

Iowa Nonprofit Resource Center: Home Page: "The Iowa Principles and Practices for Charitable Nonprofit Excellence
A revised version of “The Iowa Principles and Practices for Charitable Nonprofit Excellence” is now completed and available to the public. The new guide will assist nonprofit organizations in management practices, ethical conduct and public accountability"

DEAL 'EM FOR CHARITY - 03/07/06 - The Detroit News

DEAL 'EM FOR CHARITY - 03/07/06 - The Detroit News: "DEAL 'EM FOR CHARITY

For more ailing nonprofits, Texas Hold 'em is a winner

Kim Kozlowski / The Detroit News


Bye-bye, bingo. Hello, Hold 'em.

The popular poker game is giving a boost to Michigan churches and nonprofits that in the past have appealed to gambling urges with fundraising bingo and Millionaire Parties

Such low-stakes venues have suffered over the past decade with increasing competition from Detroit, Windsor and tribal casinos. Where the local parish Vegas Night once was the only game in town, more than 21 casinos statewide now clamor for bettors' dollars."

South Florida Business Journal: Philanthropy snapshot: Palm Beach, religious organizations get more - 2001-11-30

South Florida Business Journal: Philanthropy snapshot: Palm Beach, religious organizations get more - 2001-11-30: "Philanthropy snapshot: Palm Beach, religious organizations get more
South Florida Business Journal - November 30, 2001
by Alexis Muellner



In South Florida, one of the nation's most affluent regions, charitable contributions increased dramatically throughout all sectors since 1997 - individually, through foundation and federated giving, and on a corporate level.

That's one of the conclusions in South Florida Gives, a comprehensive analysis of philanthropic giving commissioned by the Donor's Forum in Miami. Total giving nationally crossed the $200 billion threshold for the first time, growing 6.6 percent from $190.79 billion in 1999 to $203.45 billion in 2000.

"

Monday, March 06, 2006

Star-Gazette.COM - Local News-"Museum selling prized plane

Star-Gazette.COM - Local News: "Museum selling prized plane
PBY-6A Catalina is going to Long Island facility.
By JEFF MURRAY
Star-Gazette
jmurray@stargazette.com
March 6, 2006

Wings of Eagles officials say the sale of the Consolidated PBY-6A Catalina will be a good move for the facility.
BIG FLATS — For the second time in less than three months, the Wings of Eagles Discovery Center is selling one of its most prized possessions.

Sacramento Business Journal: Debate grows over value of startup charities - 2006-03-06

Sacramento Business Journal: Debate grows over value of startup charities - 2006-03-06: "Debate grows over value of startup charities
Sacramento Business Journal - March 3, 2006
by Kelly Johnson
Staff Writer

The loss of his mother to ovarian cancer spurred local insurance executive Robert Kingsley to start his own public charity to support ovarian cancer research.

Doug Carson of Sacramento did the same after his first wife died of breast cancer.

So did Robyn Raphael of Roseville after her 5-year-old son died of cancer of the nervous system.

And Dave and Jan Tamayo created a fund within a larger charity after losing their 5-year-old son to brain cancer.

DailyBulletin.com - News-Thrift donations auctioned on Web

DailyBulletin.com - News: "Thrift donations auctioned on Web
By Emily Sachs, Staff Writer

LOS ANGELES - Cast-off clothes, books and knickknacks can earn a princely sum for charity especially when the clothes are designer, the books are rare, and the knickknacks collectible.

Goodwill has taken resale retail to lucrative levels with its online auction, ShopGoodwill.com, which in Southern California nets some $25,000 a month in sales, the second highest in the country, according to estimates.

Recent auction items have included a photo album of century-old original images of Los Angeles, a 200-year-old painting, and carefully collected designer Barbie dolls. The near-steals are even more impressive a Bulova watch for $6, a rabbit fur coat for $12, and a Versace tie for $21."

Science and Health Led Rebound in Foundation Giving in 2004 :: PNNOnline ::

Science and Health Led Rebound in Foundation Giving in 2004 :: PNNOnline ::: "Science and Health Led Rebound in Foundation Giving in 2004
Posted by: PNNOnline on Monday, March 6, 2006
Topic General Fundraising


Following a two-year decline, foundation support for most major program areas rebounded in 2004, according to Foundation Giving Trends: An Update on Funding Priorities, a new report from the New York-based Foundation Center. Grant dollars awarded by the largest private and community foundations increased 8 percent between 2003 and 2004, while the number of grants increased 5 percent. Among major program areas, science and health experienced the fastest growth in grant dollars.


Contributing to the rise in giving for health was a $750 million ten-year grant from the Bill & Melinda Gates Foundation to the DC-based Vaccine Fund to support the Global Alliance for Vaccines and Immunization (GAVI). This grant helped to raise health’s share of overall giving from 19.5 percent to a record 22.3 percent in the latest year. With its focus on improving access to child vaccines in the poorest countries in the world, it also led to record levels of support for children and youth and the economically disadvantaged.

San Luis Obispo Tribune | 03/05/2006 | WATCHDOG REPORT: Nonprofits skip fundraising costs

San Luis Obispo Tribune | 03/05/2006 | WATCHDOG REPORT: Nonprofits skip fundraising costs: "WATCHDOG REPORT: Nonprofits skip fundraising costs
Of the 167 San Luis Obispo County nonprofits that reported more than $100,000 in revenue to the IRS, almost 60 percent did not declare fundraising costs
By Abraham Hyatt
ahyatt@thetribunenews.com

As donors gain increasingly easy access to nonprofits’ financial records, they’re often urged by national and local experts to give to organizations with low overhead.

What they find in those records isn’t necessarily the truth, though.

A Tribune analysis has found that dozens of San Luis Obispo County’s largest nonprofits regularly underreport fundraising costs on their federal tax forms.

National nonprofit experts say that’s a result of an industrywide expectation that organizations reporting fewer expenses are more attractive to donors."

DailyNewsTranscript.com - Local / Regional News: Cashing in when the chips are down: Charities, nonprofits ride the wave of poker popularity to raise

DailyNewsTranscript.com - Local / Regional News: Cashing in when the chips are down: Charities, nonprofits ride the wave of poker popularity to raise money: "When parents of young football players and cheerleaders in Marlborough realized they desperately needed cash for equipment this fall, they bypassed bake sales and turned to the latest craze in fundraising: Texas Hold’em poker.
None of organizers of the Marlborough American Youth Football league is a poker aficionado, however, so the group looked to a new breed of businesses that have sprung up to serve this exploding market: charity poker experts.
They found Dan Brown’s Bay State Poker business while flipping through the pages of a newspaper. "

State workers are generous - The Olympian - Olympia, Washington

State workers are generous - The Olympian - Olympia, Washington: "State workers are generous

Thumbs up: State employees

State employees and city of Seattle employees, along with retirees from the public sector, pledged a record $5.63 million to more than 1,000 charities during the 2005 Combined Fund Drive. The annual giving campaign was created during the administration of Gov. John Spellman to stop the constant interruption of state employees’ work day by officials from charitable organizations seeking donations."

Donations didn't keep up with Case's plans

Donations didn't keep up with Case's plans: "Donations didn't keep up with Case's plans
Donor base alienated by actions, critics say
Sunday, March 05, 2006
Tom Breckenridge and Jennifer Gonzalez
Plain Dealer Reporters

Four years ago, President Edward Hundert set out to create 'the world's most powerful learning environment' at Case Western Re serve Univer sity.

These days, the humbled Hundert and his restive school are in a world of hurt.

The faculty is angry. Revenue is flat, and feuding alumni have closed their checkbooks. Money that the university counted on to help pay for Hundert's bold plans isn't there. Hundert and Case face a $40 million deficit this year in a budget of about $800 million, and more red ink is projected for next year. Case's 5,300 workers are on edge, having already endured $17 million in budget slashing."

Anonymous vs. public giving

Anonymous vs. public giving: "ANDREA BALL: PHILANTHROPY
Anonymous vs. public giving
Where have all the silent donors gone? They've gone public to rally others around their causes.
Sunday, March 05, 2006

You don't hear too much these days about anonymous gifts.

Sure, it happens. In 2003, an undisclosed donor gave $50 million to UT Southwestern Medical Center at Dallas. And in 2004, another invisible philanthropist gave the University of Texas Health Science Center at Houston a 10-year, $25 million gift for stem cell research.

All Business: Corporate philanthropy, though popular, is also open to abuse

All Business: Corporate philanthropy, though popular, is also open to abuse: "All Business: Corporate philanthropy, though popular, is also open to abuse

Saturday, March 04, 2006
By Bruce Meyerson, The Associated Press

NEW YORK -- Corporate philanthropy generally doesn't rank very high, if at all, on the list of shareholder grievances. That may be a mistake, since charitable giving can be ripe for abuse and self-serving behavior by executives.

The magnitude of such misbehavior can range from outright crime to more subtle acts such as funding a charity in which a top manager is involved, a donation that can benefit an executive's social standing more than the company and its shareholders."

onPhilanthropy - Trends in African American Philanthropy

onPhilanthropy - Trends in African American Philanthropy: "Trends in African American Philanthropy
By: Marybeth Gasman, 03/03/06

Myth: African Americans don't give to charitable causes. Fact: African American households give 25% more of their discretionary income to philanthropic activities than Whites (Chronicle of Philanthropy, 2003). The question is where do they give?

Black giving, and the organizations around which it is focused, are rooted in efforts to overcome oppression. The history of Black philanthropy shows that Blacks are motivated by those who are close to them -- efforts that make a difference in the daily lives of other African Americans. In many cases, their philanthropy has been a response to discrimination: slavery and segregation in the past; inequality in education and the workplace today.

"