Compiled by Donnie Stanley
Here are the latest nonprofit headlines:
*Instead of saving for future needs, U.S. foundations and endowed nonprofits should give more of their assets now to social programs, a move that could generate $20 billion more a year for charity, former U.S. Sen. Bill Bradley and a director of McKinsey and Co. say in The New York Times.
*Picower Foundation, a Palm Beach-based funder that supports medical research, the arts and educational programs in the U.S., gave $50 million to MIT, the largest single gift from a private foundation in the school’s history. The donations will establish the Picower Center for Learning and Memory and will help to further brain and memory research.
*Former ebay President Jeff Skoll donated $20 million to the Skoll Community Fund, which operates under the Community Foundation of Silicon Valley, The Mercury News reported May 14. The donation, which will be given in installments, will help local charities and programs.
*Microsoft Chief Bill Gates urged government leaders of rich nations at a recent United Nations summit on children to commit more money and resources towards health care in third-world countries, The Washington Post reported May 9.