Haitian musician’s charity gets donations, scrutiny…

Nonprofit news roundup

Haitian musician’s charity gets donations, scrutiny

A tiny charity founded by Haitian singer Wyclef Jean is reaping huge donations from the outpouring of giving in the wake of the Haiti earthquake but also is facing a lot of questions about how it operates, The New York Times reported Feb. 4 (see Wyclef Jean charity story).

Market rebound softens colleges’ financial pain

Despite an average drop of 18.7 percent in the value of college endowments in the fiscal year ended June 30, 2009, recent rebounds in the markets, cheap loans and long-term planning has limited much of the financial pain. U.S. News and World Report reported Feb. 3 (see college investments story).

Nonprofits say pension fund rules could force layoffs

Nonprofit trade groups say they will have to lay off workers if Congress does not move quickly to easy pension fund requirements temporarily, Business Insurance reported Feb. 4 (see nonprofit pension story).

British banks step up charitable services

Private British banks are offering more charitable services to wealthy clients, a trends experts say reflects a push by the nation’s largest wealth managers to attract clients with niche services beyond traditional areas such as investment advice in an increasingly competitive market, Reuters reported Feb. 4 (see British philanthropy story).

Evelyn Haas, Bay Area philanthropist, dies at 92

Evelyn Haas, who was the widow of Walter A. Haas Jr. and led the Evelyn and Walter Haas Jr. Fund, which has given more than $364 million to hundreds of community and cultural organizations in the Bay Area, died Feb. 3 at age 92, the San Francisco Chronicle reported Feb. 3 (see San Francisco philanthropist story).

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