Kresge awards $43.7 million
In an effort to aid Americans affected by the recession, the Kresge Foundation has awarded grants totaling $43.7 million to nonprofits in 26 states, the District of Columbia and South Africa, The Associated Press reported Oct. 21 (see Kresge Foundation story).
Osili to head research for Center on Philanthropy
Una Okonkwo Osili, interim director of research for the Center on Philanthropy at Indiana University for over a year, has been tapped to serve as permanent research director, The Muncie Free Press reported Oct. 21 (see Center on Philanthropy story). She also serves as an associate professor of economics and philanthropic studies at Indiana University-Purdue University Indianapolis.
NEA chair to embark on six-month art tour of U.S.
Rocco Landesman, chair of the National Endowment for the Arts, will take a six-month tour of towns and cities around the country beginning in November, The Associated Press reported Oct. 22 (see NEA chair story). His “Art Works” tour starts in Peoria, Ill., the town he offended last summer by implying its arts community was lacking.
Nonprofits deserve citizens’ support, leaders say
Given that Massachusetts nonprofits are an economic asset for the state, employing 14 percent of the state’s workforce, citizens should do more to support the sector, several area nonprofits leaders wrote in The Cape Cod Times Oct. 22 (see Massachusetts nonprofits story). Residents can help by donating their time or money, or by advocating on behalf of nonprofits, the authors said.
Indiana State aims to raise $85 million
Indiana State University is launching the public phase of a campaign to raise $85 million for scholarships, faculty development, facilities and programs, The Associated Press reported Oct. 22 (see Indiana State story). So far the school has raised $47 million.
Stanford to auction off private-equity holdings
Stanford University is auctioning of $6.2 billion of its private-equity assets, including buyout funds and distressed securities, Bloomberg reported Oct. 22 (see Stanford story). The school may sell as much as $1 billion of the investments, the equivalent of about 8 percent of its endowment fund.