Giving expected to drop in 2009
Giving to the nation’s 400 largest nonprofits is expected to fall 9 percent in 2009, and 2010 likely will be another tough year, says a new study from the Chronicle of Philanthropy, The Wall Street Journal’s Wealth Report reported Oct. 27 (see charitable giving story).
Donations to Baltimore City Foundation halted
Amid questions about oversight and spending policies, city officials in Baltimore have halted all donations to the Baltimore City Foundation and called for an independent consultant to review the organization’s oversight policies, The Baltimore Sun reported Oct. 29 (see Baltimore City Foundation story). A $50,000 payment that was set to go to the foundation now will go directly to the city’s office of finance.
Columbia launches nonprofit news group
Columbia’s Hechinger Institute on Education and the Media has launched the Hechinger Report, a nonprofit news outlet that will provide in-depth education reporting, The Nieman Journalism Lab at Harvard reported Oct. 27 (see Hechinger Institute story). The effort is backed by $1 million in funding from the Lumina Foundation for Education and the Bill & Melinda Gates Foundation.
Some question Gates Foundation’s education funding
The Bill & Melinda Gates Foundation is being criticized for trying to “handpick” the states that will receive a portion of the U.S. Department of Education’s $4 billion in grant funding, The New York Times reported Oct. 27 (see Gates education funding story). The National Conference of State Legislatures, among others, says that by awarding 15 states grants of $250,000 each to prepare requests for federal funds, Gates is providing some states with an edge over others.
Hawaii funder gets $50 million gift
The Hawaii Community Foundation received a gift of $50 million over six years from eBay founder Pierre Omidyar and his wife, Pam, to launch several new efforts, The Honolulu Star-Bulletin reported Oct. 27 (see Hawaii foundation donation).
Dartmouth faces $50 million operating shortfall
Facing a $50 million shortfall in operating revenue that was brought about by $835 million in endowment losses in 2009, the Dartmouth College is launching an effort to cut costs, increase revenue and grow philanthropic giving, The Union Leader reported Oct. 28 (see Dartmouth story). The school is working to avoid layoffs, but can’t rule them out, its president says.