Here are the latest nonprofit headlines:
*Millions of churchgoers are charging contributions to their congregations, fueling a profitable new financial-services industry, The New York Times reported Aug. 11.
*The Bill and Melinda Gates Foundation and its sole trustee, Microsoft Chairman Bill Gates, have raised their holdings in Cox Communications, the largest U.S. cable-TV company, raising questions that the foundation could be compromised by a conflict of interest or the appearance of a conflict, The Wall Street Journal reported Aug. 13. Microsoft is in talks with Cox to team up to deliver high-speed Internet services to Cox’ customers.
*Even so-called “socially responsible” investment firms that buy the securities only of good corporate citizens are getting burned by corporate accounting scams, The Wall Street Journal reported Aug. 9.
*A state judge in Arkansas has ruled in favor of the University of Arkansas, which argued that its solicitations for contributions were proprietary and thus exempt from public scrutiny under the “competitive advantage” clause of the state’s Freedom of Information Act, The New York Times reported Aug. 11. The Arkansas Times, a weekly newspaper, had filed suit in May under the law, seeking documents that might show whether heirs of the late Sam Walton, founder of Wal-Mart Stores, had attached conditions to a $300 million donation to the university – its biggest gift ever — through the Walton Family Foundation.