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News roundup – Social enterprise grows

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Here are week’s top nonprofit stories:

* Social entrepreneurship, which combines market know-how with social conscience, is on the rise in the U.S. and making its way into college curriculums as old treatments for social problems, like compassion and band-aids approaches, are being replaced by big thinking, solution-minded pragmatism, The New York Times reported Dec. 20.

* In less than 30 years, Washington University in St. Louis went from obscurity to a top-20 university, thanks in large part to aggressive fundraising that recently doubled the school’s goals in two campaigns and has built a $3.5 billion endowment, the 11th-largest for a university in the U.S., The New York Times reported Dec. 22. The school uses some of its money to actively recruit top students with the lure of large, merit-based scholarships.

* The National Rifle Association has a $100 million deficit because of costly legal and legislative battles and an expensive push in the past decade to win congressional seats and the presidency for Republicans, The New York Times reported Dec. 21.

* The chief of the charities division of the Massachusetts Attorney General’s Office says he will review the salary and benefits paid to trustees of two of the state’s biggest charitable foundations, the Boston Globe reported Jan. 23. While Amelia Peabody wanted trustee compensation at the two foundations to be “reasonable”, the Globe reported Dec. 21, millions of their dollars have gone to trustees in the 19 years since her death. The Peabody Trust pays trustees based on a fixed percentage of it assets, a practice that nonprofit experts say can lead to excessive pay.

* A new Scottish tax rule says nonprofits cannot treat admission fees to its facilities as donations because it gives an unfair advantage to nonprofits that own visitor attractions, the Edinburgh Evening News reported Dec. 20.

— Compiled by Jennifer Whytock

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