Former Tides Foundation official indicted for theft
A former philanthropic adviser for the Tides Foundation has been indicted by a federal grand jury on charges that he stole more than $132,000 over a three-year period, The San Francisco Chronicle reported Aug. 21 (see indictment story). Jason Ramon Sanders was fired in March after it came to light that he had diverted $45,000 a year from the San Francisco-based nonprofit for his personal use.
Socially responsible doesn’t mean unprofitable, executive says
Investing in socially responsible companies does not mean smaller returns, says Andrew Bischel, chief executive and co-manager of the American Hospital Association Socially Responsible Equity Fund, in The Wall Street Journal Aug. 21 (see investing story). Responsible companies can be better investments because they are less prone to disasters down the road, he says.
Schools offer cash payouts for good grades
More school administrators and philanthropists are pushing programs that offer students cash incentives for high test scores, The Wall Street Journal reported Aug. 21 (see grades story). Critics argue that the results have been mixed, and that pay-for-performance programs don’t fix underlying education problems like over-crowded classrooms.
New N.C. law ups compensation for wrongly convicted
Under a new North Carolina law, the amount awarded to people who were imprisoned for crimes they did not commit has risen from $20,000 to $50,000 for every year of wrongful imprisonment, The Winston-Salem Journal reported Aug. 21. Darryl Hunt, who received an additional $391,000 for 19 years of wrongful imprisonment, now runs the Darryl Hunt Project for Freedom and Justice, which advocates for ex-offenders and the wrongly convicted.
Drinking-age initiative sparks debate
About 100 college presidents from universities such as Duke, Ohio State and Dartmouth are backing the Amethyst Initiative, a project by nonprofit Choose Responsibility to promote national debate about lowering the legal drinking age from 21 to 18, The Salinas Californian reported Aug. 21 (see drinking story). Critics of the initiative say the current drinking age has successfully reduced the number of alcohol-related deaths.
* The AT&T Foundation has announced a $300,000 award to the National Education Association Foundation’s Closing the Achievement Gap initiative to improve the academic performance of minority and low-income students, The Chattanoogan reported Aug. 20.
* The PeyBack Bowl, a charity bowling tournament organized by Indianapolis Colts quarterback Peyton Manning, raised $380,000 for disadvantaged children, the Associated Press reported Aug. 21.