Here are the week’s top nonprofit stories:
* The number of Americans ages 18 to 24 who are not working, not enrolled in school and have no higher than a high school diploma grew to 3.8 million in 2003, up 19 percent from 2000, though the overall welfare of children in the U.S. has improved, says a new report by the Annie E. Casey Foundation, the Washington Post reported June 4.
* International development efforts to reduce poverty worldwide must focus on educating girls, says the UNICEF State of the World’s Children 2004 report. Girls denied an education are more vulnerable to poverty, hunger, violence, abuse, and disease than educated girls, and are less likely to have healthy children and ensure those children complete school.
* Nonprofit hospitals in the U.S. are more cost-efficient than for-profit hospitals, says a Canadian study, Reuters reported June 8.
* A new nonprofit called BIO Ventures will launch soon to help solve business problems faced by small biotech groups that work on medical products for poor countries, the Washington Post reported June 6.
* Some alumni of Harvard University are upset that its endowment manager earned $6.9 million in 2003 for overseeing the largest university endowment in the U.S., The New York Times reported June 4. The manager at the University of Texas, which has the second-largest fund, was paid $743,316.
* Some wealthy donors are allowing insurance companies, hedge funds and other investors to insure their lives as long as part of the insurance benefits upon death go to the donors’ specified charities, The New York Times reported June 5.
* While famous people often participate in charity fundraisers, charity events hosted by politicians should raise public concern, says Rick Cohen, executive director of the National Committee for Responsive Philanthropy, in an opinion column June 6 in the Washington Post.
* Nearly two of three Californians polled say they would vote for an increase in sales tax to pay for youth violence prevention and safety programs, the Mercury News reported June 4.
— Compiled by Jennifer Whytock