$35M for U.N. – Improving relations
Media mogul Ted Turner has offered to make up the $35 million difference between the dues the U.S. owes the United Nations for 2001 and the amount Congress is willing to pay, the Washington Post reported Dec. 22.
Turner hopes the offer will help U.S. Ambassador Richard C. Holbrooke clinch a deal for a permanent reduction in the U.S. share of the U.N. budget and end the country’s chronic debts to the organization, a Turner representative said.
Booting up – Grants in works
By Todd Cohen
Helping nonprofits plug into technology will be the focus of a new foundation being created by the head of a Massachusetts group that provides long-distance service and tech help to nonprofits.
TechFoundation, which will be launched in January, will act like a venture capital fund and a group buying agent.
$10M baton – Chair endowed
A $10 million gift from publishing tycoon Walter H. Annenberg and his wife, Lenore, will fund the creation a permanently endowed chair at the Philadelphia Orchestra, the Associated Press reported Dec. 22.
The gift is the largest donation ever to the orchestra’s endowment, which totals $80 million.
Notices for 12-22-00
- The collaboration between San Francisco State University and Teaming for Technology to create free commercial quality web sites for SF non-profit agencies is a model that can be replicated throughout the nation.
Paying for schools – Taxpayers get break
Corning will pay what would have been local taxpayers’ bill for a proposed $76 million schools construction project in its hometown, the Associated Press reported Dec. 20.
Under a statewide program in New York aimed at modernizing and repairing school buildings, the state would foot the bill for the other half of new construction and 75 percent of school renovations.
Fighting AIDS – Grants to agencies
The United Nations campaign against the AIDS epidemic in Africa has received a $12 million boost from the foundation that manages a $1 billion gift from media mogul Ted Turner, Reuters reported Dec. 20.
A&T plans drive – Annual fund grows
By Todd Cohen
GREENSBORO, N.C. -- N.C. A&T State University is gearing up for a big fundraising drive.
The historically black University of North Carolina campus has boosted its annual fundraising and joined other UNC System schools working to strengthen their development operations.
Banking on charity – $293B invested, loaned
Big financial services companies contributed more than $599 billion to charitable causes in 1999, up from $420 billion in 1998 and $421 billion in 1997, a new survey says.
Those companies also sponsored or supported nearly five million hours of volunteer work by employees, equivalent to 2,500 full-time employees, says the survey by The Financial Services Roundtable.
That was up from 4.6 million in 1998 and nearly 4.5 million in 1997.
SUNY gears up – Aggressive fundraising eyed
The head of the State University of New York wants it to be more aggressive in raising private dollars, The New York Times reported Dec. 20.
To move into the top ranks of U.S. higher education, SUNY Chancellor Robert L. King said, the university should begin a $1 billion fundraising campaign and raise a total of $5 billion in new money over the next five years.
Treed by chains – Competing on price, hours
Nonprofit groups that depend on revenues from selling Christmas trees are hurting in the face of competition from big retail chains that offer discount bargains, The Wall Street Journal reported Dec. 19.