Here are the week’s top nonprofit stories reported elsewhere:
* Despite returns that often are in double digits, many wealthy colleges spend less than 5 percent from their endowments, The Wall Street Journal reported Dec. 17.
* A study of federal tax data shows that Americans of working age paid $50,000 to $100,000 a year are two to six times more generous in the share of their investment assets they give to charity than Americans making more than $10 million, The New York Times reported Dec. 19.
* Time magazine named philanthropists Bill and Melinda Gates and rock star Bono as persons of the year, recognizing their efforts, respectively, to improve global health and fight global poverty, CNN reported Dec. 19.
* The Bill & Melinda Gates Foundation pledged to invest up to $90 million over 10 years to improve child care and early learning for children from birth to age five, the Associated Press reported Dec. 19.
* Tax returns show the AIDS charity of Bill Frist, the Senate majority leader, paid nearly $500,000 in consulting fees to members of his political inner circle, the Associated Press reported Dec. 18.
* Charities in Australia are reporting record holiday appeals for help as a growing number of Australian households fall into poverty, Australian Associated Press reported Dec. 19.