All-Star Game sponsors giving more to charity
Corporate sponsors of Major League Baseball’s All-Star Game are giving more to charity this year, a strategy designed to avoid appearing insensitive to the economic challenges many fans face and to deflect criticism of corporate spending on sports, which has become a symbol of the past decade’s excess, The New York Times reported July 12 (see baseball charity story).
Michigan’s jobless turning to volunteering
Facing few available jobs, a growing number of Michigan’s nearly 700,000 unemployed residents are volunteering for nonprofits, a move that helps them network and boost their resumes and helps nonprofits that have suffered from budget cuts, the Detroit Free Press reported July 13 (see unemployed volunteers story).
University of Alabama raises over $612 million in campaign
The University of Alabama raised over $612 million in a seven-year fundraising campaign that exceeded its original goal of $500 million and generated donations from over 100,000 people, with 130 gifts of $1 million or more, the Associated Press reported July 10 (see university fundraising story).
Colleges and universities lower projected endowment losses
Princeton University, Williams College, Amherst College and other schools are lowering their projected endowment losses in the face of rising stock and bond markets, with Princeton and Williams expecting flat returns for the next fiscal year, Bloomberg reported July 13 (see university endowments story). Princeton’s president told the student newspaper the school’s endowment loss for the fiscal year ended June 30 was closer to 25 percent than previous estimates of 30 percent, The Times in Trenton reported July 10 (see Princeton endowment story).
Ford Foundation initiative aims to promote dialogue on campuses
A $4 million Ford Foundation initiative launched in 2006 and expanded this year aims to promote dialogue on college campuses after clashes between liberals and conservatives, the Associated Press reported July 11 (see Ford Foundation story). Responding to a June 26 guest column that said the foundation operates “as if immune to the forces of capitalism,” a spokesman says in a July 11 letter to the editor of The Wall Street Journal that the foundation has a long history of taking market-based approaches to solving problems in partnership with business.
Fiorino says charity bearing her name does not need to be registered
In the wake of a report by the San Francisco Chronicle that former Hewlett Packard CEO Carly Fiorino did not register the Fiorina Foundation, the prospective Republican U.S. Senate candidate says the charity bearing her name is “not a private foundation” and is not required to register with state or federal authorities, the San Francisco Chronicle reported July 11 (see Fiorini charity story). The state attorney general’s office, which oversees tax-exempt foundations in California, says it will seek more information from Fiorina to determine her foundation’s status.