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Charity roundup – 9/11 funds – Investing assets

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Here are the latest nonprofit headlines:

*Three charity funds that gave the most money to victims of Sept. 11 will soon stop taking applications for emergency aid, The New York Times reported Feb. 15.  The Liberty Fund, The September 11 Fund and the Salvation Army will continue to give money to families of victims killed in the attacks.

*Foundations are looking for ways to invest their money, The Wall Street Journal reported Feb. 14.  The William and Flora Hewlett Foundation, for example, reduced its stake in Hewlett Packard, while the David and Lucile Packard Foundation invested only in Hewlett Packard and Agilent Technologies and suffered big losses.

*Two big foundations disagree on how to clean up air in the U.S., The Wall Street Journal reported Feb. 14. The Pew Charitable Trusts want more regulations, while the Smith Richardson Foundation wants to be sure regulatory costs are part of the debate.

*An IRS publication reported charitable contributions in 1999 grew 15 percent to 125.8 billion, The Wall Street Journal reported Feb. 13.

*Forty-four percent of charities responding to a survey by the Association of Fundraising Professionals reported a decline in funds raised after Sept. 11, compared to the same period a year earlier. Arts and environmental groups had the biggest declines.

*The Pew Charitable Trusts and Goldman Sachs Foundation gave two grants totaling $4.5 million to the School of Management at Yale University to help charities study how to generate revenue without relying on charitable giving, the New Haven Register reported Feb. 13.

*Americans gave 1.58 percent of personal income to charity groups in 2001, compared to 0.64 percent by Canadians, The Fraser Institute found in a study.

*A study reports that charities can’t find low-priced office space in Metro Denver because of a big increase in nonprofit groups in the state, the Rocky Mountain News reported Feb.7. 

*Spike and Annie chief Sarah E. Lawrence gave $10 million to St. Lawrence University, her alma mater, to build a science complex.  It is the largest gift ever to the school.

*The Web site of New York City’s Better Business Bureau is helping the public find information about local charities and their relief efforts for Sept. 11 victims.

*Charity groups are worried about the increase of volunteers from President Bush’s plan and how it will affect their staffs, The Washington Post reported Feb. 8. 

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