Skip to main content
Philanthropy Journal Home

Philanthropy Journal News

Kroc gift dilemma

 | 

Nature Conservancy audit begins; Management Center struggling.

Here are week’s top nonprofit stories:

  • The Salvation Army faces a challenge in meeting the strict requirements of its $1.5 billion gift from the estate of McDonald’s heiress Joan Kroc, the Washington Post reported Jan 26. The charity will have to raise millions of dollars each year to cover operating costs and hire thousands of employees to maintain the new community centers Kroc’s donation will build.
  • A team of IRS auditors is moving into the Nature Conservancy in Arlington, Va., to begin a thorough audit of the eighth-largest U.S. nonprofit, the Washington Post reported Jan. 17.
  • The San Francisco-based Management Center, which advises nonprofits on operations, is in debt and may have to change how it operates, merge or sell off its programs and shut down, the San Francisco Chronicle reported Jan. 22.
  • Attorney Shale D. Stiller will be the new president and CEO of the Harry and Jeanette Weinberg Foundation in Owings Mills, Md., one of the 25 largest U.S. foundations, the Baltimore Sun reported Jan 22.
  • Fundraising is down for the fifth straight year at United Way of the Bay Area, which expects to raise 13 percent less than last year and 40 percent less than five years ago, the San Francisco Chronicle reported Jan. 27.
  • The Bush administration teamed with Saudi Arabia to freeze assets of four branches of Al-Haramain Charitable Foundation, accused of financially supporting terrorists, The New York Times reported Jan. 23.
  • Every company should donate 1 percent of its revenue and stock to charity and allow all employees to use 1 percent of their yearly paid time to volunteer, a software CEO told the World Economic Forum in Switzerland last week, Newsweek reported Jan. 20.
  • As politicians and business leaders met in Switzerland, the group Christian Aid asked politicians to take responsibility for enforcing ethical operation of companies, saying the voluntary approach to improving corporate behavior is inadequate and international binding standards are needed.
  • When board members retire from General Electric, the company donates $1 million to the charity of their choice, a practice many companies are eliminating as excessive pay, the Boston Globe reported Jan. 20.
  • 8 Britain’s charities minister approved a reform to replace the chief charity commissioner position with two new positions – chairperson of commissioners and chief executive, the Guardian Unlimited reported Jan 26.
  • — Compiled by Jennifer Whytock

Leave a Response

Your email address will not be published. All fields are required.