Nonprofitxpress roundup – Colleges enjoy donation growth

Here are the latest nonprofit headlines:

*Private contributions to colleges and universities grew to $24 billion in 2001, despite an overall economic slowdown, according to a survey by the Rand Corporation Council for Aid to Education, The New York Times reported March 22.  Contributions from foundations grew 18 percent to $6 billion.

*More than 100 people are being investigated for allegedly submitting false claims totaling $1 million for benefits from September 11th charities, The Washington Post reported March 20.  One man, for example, received $52,000 for survivor benefits from the American Red Cross to cover expenses incurred after the death of an alleged wife.

*Nongovernmental organizations, or NGO’s, are increasing their aid to developing nations for improving communities, and critics believe that support is causing those countries to rely less on their own resources, The New York Times reported March 22. World Bank projects get 70 percent of their support from NGO’s as compared to 50 percent five years ago.

*The North Seattle Community College Foundation, operating as American Financial Services, recently purchased Genus Credit Management for $17 million, making it the largest credit counselors in the U.S., The Puget Sound Business Journal reported March 18. 

*The United Way of Lake and Sumter Counties charges that the Heart of Florida United Way misdirected funds from 900 donors, The Orlando Sentinel reported March 26. 

*A report, co-commissioned by the Canadian Centre on Philanthropy, says Canadian charities are fighting laws that keep them from using more than 10 percent of their resources for campaigns or marketing, The National Post reported March 26.

*The family of former pharmaceutical magnate John G. Searle no longer wants the Chicago Community Trust to distribute money from the Searle Fund and instead wants to allocate the money to groups of its choosing, The Chicago Tribune reported March 25. The community trust controls $350 million of the fund’s assets, which generate $20 million in grants a year – or half of the total grants the trust makes each year. 

*Virginia Gov. Mark R. Warner, along with AOL Time Warner Foundation and the Virginia Health Care Foundation, has launched, a Web site designed to help senior citizens and their families find information about health and aging, The Associated Press reported March 26.

*Paul Bryant Jr., an alumnus, gave $10 million to the Crimson Tradition Fund Campaign for Athletics of the University of Alabama, the largest gift in the school’s history, the Tuscaloosa News reported March 23.  Bryant, chairman of the fund, has given more than $20 million to the university.

*The Yawkey II Foundation, created by the late Jean Yawkey, has increased its assets to $400 million from the sale of the Boston Red Sox on February 27, and will use the proceeds to help various charities and Little Leagues in the Boston area, The Associated Press reported March 26.  The foundation now is one of the top philanthropies in New England.

*Nonprofits in the District of Columbia area received $114 million from the top 25 philanthropists in the region, compared to $93 million the previous year, according to a survey by the Washington Business Journal, The Washington Post reported March 27.

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