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Nonprofit news roundup for July 8, 2009

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Graduates turn to public-service jobs

With President Obama calling for young people to make a difference, and the recession reducing opportunities, new graduates are pursuing public-interest careers, Bloomberg News reported July 7 (see public-service jobs story). Twenty-seven percent of roughly 1.6 million graduating seniors plan to work for nonprofits or governments, up from 23 percent in 2008, according to a survey of 14,225 U.S. college students conducted by the National Association of Colleges and Employers.

Annual fundraising down at New York Jewish federation

UJA-Federation of New York, the biggest Jewish federation in North America ,has taken a fundraising hit, raised $136 million as part of its 2009 general campaign, down 11.5 percent from $154 million last year, The Jerusalem Post reported July 7 (see Jewish fundraising story). Overall, the federation raised $215.3 million, including $60.5 million in planned giving and endowments, up one percent from last year.

Massachusetts nonprofits can use more of endowments

Nonprofits now will be able to spend more of their endowments, and possibly keep from cutting staff and programs and staff because of the recession, the Boston Globe reported July 3 (see nonprofit endowment story).

Pope calls ethics and search for common good key to world financial order

Pope Benedict XVI called for a new world financial order guided by ethics and the search for the common good, and denounced the profit-at-all-cost mentality blamed for the world’s financial crisis, the Associated Press reported July 7 (see financial ethics story). Benedict also pushed for reforming the United Nations and international economic and financial institutions to give poorer countries a bigger say in international policy.

Well-run nonprofits offer lessons, consultant says

Coping with tough times is nothing new to many in the nonprofit world because well-run nonprofits know how to be frugal and creative in working with limited resources, consultant John Balboni wrote July 2 in HarvardBusiness.org (see nonprofit learning story).

Gates Foundation funds study on community colleges

The Bill & Melinda Gates Foundation is investing $5 million into research by the Community College Research Center at Columbia University’s Teachers College about what keeps community college students in school, the Associated Press reported July 6 (see Gates college study story).

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