Compiled by Donnie Stanley
Here are the latest nonprofit headlines:
*Seton Hall University in New Jersey will remove the name of its biggest donor from a campus recreation center 16 months after he went to prison on bankruptcy fraud and money-laundering charges, The New York Times reported Dec. 14.
*Facing a grand jury probe of its management and finance practices, the outgoing board of the United Way of the National Capital Area has decided to keep paying $18,750 a month to its ousted chief executive, The Washington Post reported Dec. 16.
*Open Society founder George Soros plans to merge with the U.S. government-funded Eurasia Foundation creating a entity that will spend $45 million on projects in Russia in 2003 through 2005, The Moscow Times reported Dec. 18.
*Ruth Lilly, heir to the Eli Lilly pharmaceutical fortune, is giving $120 million over 30 years to Americans for the Arts, a small nonprofit that helps educate the public about the value of the arts, The Washington Post reported Dec. 18.
*The publisher of The Anniston Star in Alabama is converting his newspaper company into a nonprofit to ensure long-term local ownership, The New York Times reported Dec. 16. Plans call for a new institute to train journalists and a foundation that will own all of the newspaper company’s stock.
*To spur other scientific journals to ease curbs on access to Web-based articles, a group of leading scientists funded with $9 million from the Gordon and Betty Moore Foundation will create online journals on biology and medicine that will be immediately available to the public, The New York Times reported Dec. 17
*Fewer Americans are recycling, but most believe they are doing more or keeping up with recycling rates of the 1990s, according to a poll by Alcan Aluminum Corp., the largest U.S. aluminum-can recycler, The Wall Street Journal reported Dec. 16.