Compiled by Donnie Stanley
Here are the latest nonprofit headlines:
*Despite stock market and economy slumps in 2002, America’s wealthiest individuals still gave big donations to charities, says a new report by the Chronicle of Philanthropy, The Wall Street Journal reported Dec. 31.
*A tough economic year ended with many charities expecting year-end giving totals to decline from a year ago, according to a GuideStar survey, while the philanthropic giving index at the Center on Philanthropy at Indiana University fell to its lowest level in five years, the Wall Street Journal reported Dec. 26.
*In a ruling upholding $30 million in punitive damages against an insurer that denied treatment to his wife, the Ohio Supreme Court ordered Robert Dardinger to make a $20 million charitable donation to a cancer research fund whose creation it also ordered, The New York Times reported Dec. 28.
*Reflecting changes in stock values, wealthy donors in Silicon Valley are shifting to cash donations from stock gifts to local foundations, The Mercury News reported Jan. 1.
*During the year-end holidays and throughout the year, Americans continue to practice anonymous philanthropy, a tradition with roots in major religions, The Arizona Republic reported Dec. 25.