Charity roundup – Nonprofits target business revenue

Here are the latest nonprofit headlines:

*Nonprofit groups increasingly are generating revenue from tax-exempt business activities, The New York Times reported March 17.  A survey of 14,000 nonprofits by The Chronicle of Philanthropy found that charities generated an estimated $61 billion in tax-exempt revenue in 1998 through commercial activities, the Times said.

*The Boy Scouts of America no longer will receive funding from 39 United Way chapters because of the scouts’ ban on homosexual leaders, The Washington Times reported March 15. The chapters represent less than three percent of 1,400 in the U.S.

*Eli Broad gave $300 million to The Broad Foundation, quadrupling its funding. He and his wife, Edythe, launched the foundation in 1999 with $100 million to help improve educational opportunities for children in urban schools.

*The Bill and Melinda Gates Foundation will give $40 million to support 70 high schools that will offer college courses to disadvantaged students, The New York Times reported March 19.  The Ford, Carnegie and Kellogg foundations will contribute $1 million to $2 million each to the schools.

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