Here are the week’s nonprofit headlines:
* With hiring by consulting firms and banks down by at least half, nonprofits are a hot sector for MBA grads, BusinessWeek reported in its Oct. 21 edition. In addition to job security, nonprofit jobs — along with jobs in the federal government, and the pharmaceutical and biotech sectors – offer meaning, not just money, BusinessWeek says.
* The sputtering stock market has hurt endowments and prompted philanthropies to lay off employees, leave jobs unfilled and suspend grantmaking, The New York Times reported Oct. 11. And some cultural groups are mulling increases in admission and parking fees to offset losses in donations, the Times said.
* The richest charities in Britain are getting richer, with total income for the top fundraising charities up 6.7 percent to 5.6 billion pounds, or nearly $8.7 billion, in 1999-2000 The Guardian reported Oct. 11.
* Contributions by church members to support congregational finances is growing as a percentage of members’ income, while contributions to support “benevolences” to support churches’ broader missions has declined to an all-time low as a percentage of members’ income, a new study says.
“These numbers suggest that churches are not transforming people bur rather servicing them,” says a co-author of the study, released by empty tomb inc.