Red Cross slashes deficit, raises $110 million
Over the past year the American Red Cross has cut its deficit to $50 million from $209 million and topped its $100 million fundraising goal by bringing in $110 million over the past nine months, says its president, The Washington Post reported July 22 (see Red Cross story). Cuts included 1,000 positions at headquarters and 350 positions at offices around the country.
New education standards and measurements needed, Gates says
To save the American education system from “old beliefs and bad habits,” the nation must develop uniform achievement standards and measurements, billionaire philanthropist Bill Gates told lawmakers at the National Conference of State Legislatures’ recent summit, The Associated Press reported July 21 (see school evaluation story).
Obama’s charitable-deduction proposal criticized
President Obama’s proposal to reduce the charitable deduction for high-income taxpayers represents a “war on philanthropy” at a time when nonprofits are battered by the recession and in significant need of donations, David Billet wrote in a column in the July/August issue of Commentary Magazine (see charitable deduction story).
Dwindling donations could hamper Salvation Army
The recession is leading to fewer donations for the Salvation Army, a development that could leave the organization unable to provide long-term assistance in the aftermath of a crisis, The Associated Press reported July 22 (see disaster assistance story). The charity typically raises $50 million to $75 million to deal with a single major hurricane-relief effort, but last year brought only $13 million for the whole season.
University of Colorado fundraising off 18 percent in fiscal 2009
The University of Colorado and its foundation raised a total of $134 million in fiscal 2009, 18 percent shy of 2008 totals, The Colorado Daily reported July 21 (see University of Colorado story). However, a record 55,000 donors gave to the school in the year ended June 30, and the law school received a $5 million gift, its largest donation to date.
William and Mary raises record $50.8 million in fiscal 2009
Despite the recession, the College of William and Mary raised a record $50.8 million in fiscal 2009, up 40 percent over the previous year, The Richmond Times-Dispatch reported July 22 (see William and Mary story).