Compiled by Donnie Stanley
Here are the latest nonprofit headlines:
*Many colleges keep gifts from disgraced donors despite protests from professors and alumni, while others question the school’s moral obligation, following a recent decision by Seton Hall University to remove the name of its biggest donor from a campus center 17 months after he was sent to prison, The Associated Press reported Dec. 23.
*Colleges are investing more in big-time sports, betting that successful sports programs will help them raise money, attract students and improve their rankings in national surveys of U.S. colleges, The New York Times reported Dec. 22.
*Target Corp. and the McKnight Foundation, which are Minnesota’s two biggest grantmakers and together hand out nearly $3.7 million a week to charitable causes, both are big backers of the arts and social services but take widely different approaches to philanthropy, the Star Tribune in Minneapolis reported Dec. 22.
*Assets of South Florida foundations fell 5.5 percent in 2001 to $8.63 billion, while their giving grew 5.8 percent to $503.5 million, says a new study by the Donors Forum of South Florida. A continuing decline in assets in 2002 is expected to result in lower giving in 2003, the study says.