U.S. giving for Haiti tops $380 million
Driven in part by online and text-based donations, giving by Americans for relief efforts in Haiti has topped $380 million, more than doubling the amount given over the same time period for relief in the wake of the Asian tsunami in 2004, The Baltimore Sun reported Jan. 25 (see online Haiti giving story).
Foundations become more strategic in wake of recession
With foundation assets dampened by market volatility over the past 18 months, U.S. funders now are becoming more strategic in their giving, focusing grants in fewer areas to grantees that closely match their giving missions, Crains Chicago Business reported Jan. 25 (see foundation giving story).
Gates leverages technology for philanthropic work
Software tycoon and mega-philanthropist Bill Gates is using social-media applications, including Twitter and his own website, to maximize his philanthropic efforts, Gates said in an interview with CNET News Jan. 24 (see Bill Gates story).
Philadelphia Orchestra works to ward off bankruptcy
Facing declining attendance, strained finances, and even the possibility of bankruptcy, the Philadelphia Orchestra aims to reduce its deficit and raise $15 million for a recovery fund, The Philadelphia Inquirer reported Jan. 24 (see Philadelphia Orchestra story).
Gates encourages governments to up foreign-aid budgets
Bill Gates wrote an open letter encouraging the world’s governments to increase their foreign-aid budgets, even as they grapple with the effects of the recession on their own economies, The Wall Street Journal reported Jan. 25 (see Bill Gates story).
Convio refiles for initial public stock offering
After shelving its first attempt to become a publicly-held company because of the recession and market shakeup, nonprofit technology company Convio has refiled plans to sell $57.5 million in stock in an initial public offering, Dow Jones reported Jan. 25 (see Convio story).