Nonprofit news organization launches
A group of journalists and a major foundation launched the Chicago News Cooperative, a nonprofit that will sell content to the New York Times for a Chicago edition of the newspaper, The New York Times reported Oct. 22 (see nonprofit news story). Start-up money for the effort, which aims to branch out beyond the New York Times, comes from the John D. and Catherine T. MacArthur Foundation.
New York charities asked to take back political contributions
New York State Attorney General Andrew Cuomo is ordering dozens of charities in the state to take back campaign donations they made to politicians or lose their tax-exempt status, The New York Post reported Oct. 23 (see Andrew Cuomo story). The contributions, which nonprofits are barred from making by law, were uncovered in an investigation of charities across the state.
Google co-founder donates $1 million
Sergey Brin, billionaire and co-founder of Google, has given $1 million to the Hebrew Immigrant Aid Society, which helped his family flee the Soviet Union and settle in the U.S., The New York Times reported Oct. 24 (see Hebrew charity story). The gift, small compared to Brin’s $16 billion in personal wealth, is the beginning of a greater commitment to philanthropy, he says.
Madonna builds $15 million girls school in Malawi
Madonna is building a $15 million girls school in Malawi, which is home to more than a million children orphaned by AIDS, New York Daily News reported Oct. 22 (see Madonna story). The singer has adopted two children from the African country.
Donor-advised funds languishing
The nation’s donor-advised funds, totaling an estimated $21 billion, have been hit by the stock losses, and recession-weary donors are putting less money into their funds, The Associated Press reported Oct. 24 (see donor-advised funds story). Many donors, however, appear to be giving to their favorite charities at rates similar to those seen before the downturn.
Some charity holiday cards net little for charity
Charities receive an average of 13 percent of the price of charity Christmas cards sold by retailers in the U.K., and some pocket as little as 6 percent, says a new survey by Which?, The Press Association reported Oct. 22 (see charity cards story). While over half of British consumers purchased such charity cards last year, only a third checked how much money actually went to charity.