Donors to Clinton’s foundation disclosed
Former President Bill Clinton counts among donors to his charity Donald Trump, the Coca-Cola Company and the countries of Norway and Oman, The Associated Press reported Jan. 1 (see Clinton charity story). Clinton and his wife, Secretary of State Hillary Clinton, agreed to disclose annually donations to the William J. Clinton Foundation as a condition of her appointment by President Obama.
Depressed real estate a boon for preservation
With real-estate prices driven lower by the recession, preservationists are taking advantage of deals to buy and preserve prime properties, The New York Times reported Dec. 31 (see preservation groups story). Many of the properties will be placed in trusts for parks, watershed protection or preservation of open space.
Charities hope for year-end giving spike
Charities are hoping the year-end surge in consumer spending meant a jump in donations as well, The Washington Post reported Dec. 31 (see year-end giving story). Early results are mixed and final numbers are not expected until later this month.
Hospital gets $8.5 million from unused endowments
Christ Hospital received $8.5 million paid out from two endowments created more than a century ago but never used, The Cincinnati Enquirer reported Dec. 30 (see Christ Hospital story). The endowments originally were intended to provide care for ministers and their wives should they become sick, but the hospital appealed to the Ohio attorney general’s office for permission to use the funds for “community purposes.”
Cost-cutting continues for nonprofits
With the economy still struggling, nonprofits are cutting executive pay, freezing salaries and foregoing bonuses, The Austin American Statesman reported Jan. 2 (see nonprofit salaries story). Three in 10 U.S. nonprofits report their leaders took a pay cut last year, with the median cut being 10 percent, says a study from the Chronicle of Philanthropy.
Technology boosts some forms of art
As attendance at arts performances, museums and galleries continues to decline, and technology continues to evolve and broaden its reach, art “venues” like the internet are capturing more of Americans’ viewing time, The Globe and Mail reported Dec. 30 (see arts attendance story). Music recording and film production are among the art forms made cheaper and easier by digital technology.