University of Texas swapping merit scholarships for need-based aid
With more students seeking financial aid, the University of Texas will drop its national merit scholarship program so it can use the funds for need-based scholarships, a move that could signal a trend among U.S. colleges towards need-based funding, The Wall Street Journal reported Sept. 2 (see university scholarships story).
College offers sponsors chance to restore cancelled classes
Facing a $20 million deficit, City College of San Francisco is offering each sponsor who gives $6,000 a chance to restore one of hundreds of classes that have been cancelled, The New York Times reported Sept. 1 (see college fundraising story).
Pittsburgh Symphony braces for $670,000 deficit by 2010
The Pittsburgh Symphony Orchestra is requesting $1.25 million from Allegheny County coffers to plug the $670,000 budget deficit it expects to be shouldering by 2010, The Associated Press reported Sept. 1 (see Pittsburgh Symphony story). Battered by a falling endowment, flagging ticket sales and anemic fundraising, the symphony has cut 11 positions and will freeze all employees’ salaries next year.
NYC mayor’s gift names center for his top deputy
New York City Mayor Michael Bloomberg has quietly given at least $1 million to name a new academic center at Franklin & Marshall College in Pennsylvania for Patricia Harris, the city’s first deputy mayor and a graduate of the school, The New York Times reported Sept. 1 (see Bloomberg gift story).
Denver Foundation aims to prevent fraud in wake of theft
The Denver Foundation has adopted new measures to prevent fraud after an official of the Archdiocese of Denver official was charged this week with taking over $391,000 from the charity, the Denver Post reported Sept. 2 (see foundation fraud story).
Tampa mulls ethics rules for nonprofits in wake of scandal
In the wake of a scandal involving the former head of local zoo in Tampa, Fla., the city is drafting a proposed ordinance to require nonprofits that get city funds to comply with ethical standards, including tough limits on financial dealings between executive staff and governing boards of the nonprofits and for-profit groups, the Tampa Tribune reported Sept. 2 (see nonprofit regulation story).