Compiled by Donnie Stanley
Here are the latest nonprofit headlines:
*One-fourth of the employees at the Ewing Marion Kauffman Foundation agreed to a voluntary buyout package several days before the Nov. 15 deadline, which was part of a voluntary work reduction plan instituted by Carl Schramm, the foundation’s president, The Business Journal of Kansas City reported Nov. 12.
*Cleveland philanthropist Peter B. Lewis refuses to pay $25 million he pledged to help build a business school for Case Western University because the school’s total cost grew to $61 million, The New York Times reported Nov. 14. Lewis claims the board of trustees mismanaged the funds and refuses to give money to other local charities he has supported in the past until the entire board resigns.
*Claiming bankruptcy and facing possible charges for fraudulent handling of funds, WorldCom will give $6 million towards its online initiative, MarcoPolo, a teacher program designed to provide Internet training for teachers, The Washington Post reported Nov. 12.
*Ten board members of the Hershey Foods charitable trust will leave at the end of the year, when their terms expire, as the board changes its focus back to helping needy orphans with schooling, The New York Times reported Nov. 15. Those leaving include William L. Lepley, president and chief executive of the Milton Hershey School.
*A survey of 595 businesses by the Building Business Investment in Community initiative, a group of 14 nonprofits that includes the Minnesota Council of Foundations, found that more than 70 percent of businesses in Minnesota, including 88 percent of larger companies, gave to charitable causes in 2001, the Star Tribune reported Nov. 15. Contributions totaled 1 percent to 2 percent of the total gross revenue, including donations of products and services.
*A study of arts groups in Boston by TDC, backed by the Boston Foundation, found that the number arts organizations grew by 73 percent between 1992 and 1999, thanks to funding from individual donors who gave mainly to big groups such as the Boston Symphony Orchestra, The Boston Globe reported Nov. 14.