Here are the latest nonprofit headlines:
*The U.S. Catholic Church has paid nearly $1 billion to settle claims stemming from sex-abuse charges, according to plaintiffs’ lawyers, and experts say the payments could trigger bankruptcy for some dioceses and a funds shortage for the network of charity groups supported by the church, Business Week reported April 15.
*The Walton family, heirs of the founder of the Wal-Mart chain, pledged $300 million to the University of Arkansas — the largest contribution ever to a public university, The New York Times reported April 12. The gift, which will double the school’s $234 million endowment, will be used to create an honors college to attract top undergraduates and strengthen graduate programs.
*The Medical Center at the University of Virginia received a $52.6 million bequest — the second-largest gift in its history — from a donor who died 60 years ago. Ward Buchanan, a retired Proctor & Gamble executive and former law school alumnus, stipulated in his 1942 will that a trust be created for use by the university’s hospitals and clinics after the death of his last surviving heir. The endowment will generate $2.5 million a year initially.
*President Bush wants Americans to join Citizen Corps, a volunteer group of emergency personnel, and will ask Congress to give $50 million for initial funding, The Associated Press reported April 8. Bush also is urging the Senate to pass his Care Act, a bill that would help faith-based groups receive federal money, The New York Times reported April 12.
*President Bush and First Lady Laura Bush contributed $82,700 to religious and charity groups in 2001, or 11.6 percent of their adjusted gross income of $811,100, and paid a total tax of $250,202, The Associated Press reported April 12.
*The 9/11 United Services Group, which includes 13 human service groups such as the Red Cross and Salvation Army, is conducting a survey through McKinsey & Company to find out what still needs to be done to help victims of Sept. 11, Crain’s New York Business reported April 12.
*Many Jewish nonprofit groups in the U.S. such as United Jewish Communities are increasing fundraising efforts for relief aid because of attacks in the Middle East, The Washington Post reported April 6.
*Twenty-three new high schools will be created in New York City and an existing high school will be renovated under a $30 million grant from the Carnegie Corporation of New York, the Bill and Melinda Gates Foundation and George Soros’ Open Society, who each gave $10 million towards the project, The New York Times reported April 20.
*The May Department Stores Co. will receive the corporate philanthropy award from the Association of Fundraising Professionals at its annual conference in St. Louis, the St. Louis Business Journal reported April 10. The award recognizes the company’s contribution of more than $140 million to philanthropy and the community over the last seven years.
— compiled by Donnie Stanley