Nonprofit CEO salaries climb
Despite the recession, median compensation for nonprofit chief executives rose 7 percent to $361,538 during 2008, says a report from the Chronicle of Philanthropy, CNN Money reported Sept. 29 (see nonprofit salaries story). The nation’s highest-paid chief executive is J. Mongan, head of Partners HealthCare Systems, who made $2.7 million in 2008.
California funder invests $35 million in education
The Marin Community Foundation will invest $35 million in four California school districts with the goal of boosting the performance of underprivileged students, The San Francisco Chronicle reported Sept. 29 (see Marin Community Foundation story). The investment amounts to about $19,000 for each of about 1,800 students over five years.
Dedication to place linked to emotional connection, survey says
The top reasons people like where they live are there are fun places to gather, green spaces for recreation and a welcoming atmosphere, says a new survey from Gallup and the John S. and James L. Knight Foundation, The Wall Street Journal reported Sept. 29 (see Knight survey story). A person’s emotional connection to a place is more important than a region’s economic growth, the survey says.
Brooklyn foundation changes status, name, focus
Brooklyn’s Independence Community Foundation, a longstanding private charity with a $50 million endowment, its changing its tax status so it can raise money, The New York Times reported Sept. 28 (see Brooklyn Community Foundation story). Renamed the Brooklyn Community Foundation, the organization will focus virtually all its fundraising and grantmaking in Brooklyn.
Concert raises $8 million for Agassi’s school
A benefit concert featuring a comedian and several musicians raised almost $8 million for the Andre Agassi College Preparatory Academy in Las Vegas, The Associated Press reported Sept. 29 (see Agassi school story). The tennis star’s K-12 school has about 600 students.
New fundraising site aims to raise money for Jewish projects
The new Jgooders.com website allows Jewish or Israeli charities to raise money using technology and social-media promotion, The Jerusalem Post reported Sept. 28 (see Jewish philanthropy story). The site, less than a year old, lists more than 110 Jewish charities and about 230 individual projects to which people can donate.