Teach for America grads’ dedication seen lagging
Graduates of Teach for America, a nonprofit that places young men and women in teaching positions in disadvantaged classrooms across the country, often do not maintain their dedication to improving society beyond their two years of service, The New York Times reported Jan. 3 (see Teach for America story). In areas like giving, voting and civic engagement, program graduates lag behind other students who were accepted but declined and those who dropped out of the program, says the study by a Stanford University professor.
MIT on track to complete expansion
While the Massachusetts Institute of Technology’s endowment fell 20 percent to $8.15 billion in fiscal 2009, the school has landed $610 million in tax-exempt financing to complete a major expansion, The Boston Business Journal reported Jan. 4 (see MIT story). MIT aims to finish construction on several major projects over the next 18 months.
Health groups revamp joint venture
Sisters of Charity Health System and University Hospitals in Cleveland have restructured their joint venture, The Ohio Plain Dealer reported Jan. 4 (see Sisters of Charity story). Under the new agreement, the organizations jointly will own St. John West Shore Hospital, University Hospitals will be manager and both organizations will invest up to a combined $100 million in the hospital over five years.
Budget deficit could mean nonprofit status for hospital
As part of an effort to cut costs in Clark County, Nev., the chair of the county commission is considering converting University Medical Center to nonprofit status, Fox 5 Vegas reported Jan. 4 (see hospital story).
Demand up, revenue down for Minnesota charities
While, demand is up at charities in Minnesota, giving by individuals, corporations, foundations and government is down, The Star Tribune said in an editorial Jan. 4 (see Minnesota nonprofits story). Six in 10 nonprofits say demand is up and a similar number say revenues are down.
KSU Foundation gets new CEO
Fred Cholick, dean of the College of Agriculture at Kansas State University, is resigning to become CEO of the KSU Foundation, The Associated Press reported Jan. 4 (see KSU Foundation story). He succeeds Gary Hellebust, who held the position since 1996.