Life insurer sued by Oklahoma State, T. Boone Pickens…

Nonprofit news roundup

Life insurer sued by Oklahoma State, T. Boone Pickens

Oklahoma State University and alumnus T. Boone Pickens, one of the school’s largest donors, sued a life insurance company over a fundraising plan that aimed to raise hundreds by taking out policies on alumni, The New York Times reported Feb. 12 (see Oklahoma donor-lawsuit story).

Charity single tops British charts in record-setting first week

Everybody Hurts, recorded to help Haiti’s earthquake victims, sold over 453,000 copies its first week and went to number one, posting the biggest first week sales of any charity track this century, BBC News reported Feb. 14 (see Haiti charity single story).

New York state senator’s staff linked to charity he founded

Four current or former officials of a Queens nonprofit or a related charity founded by state senator and a congressman from New York – a group to which the state senator has directed $56,000 in state funds – have worked for the state senator on the Senate payroll, and two of them were among his highest paid staff members, The New York Times reported Feb. 14.The New York Times reported Feb. 14 (see political charity story).

Packard Foundation to build new headquarters

The David and Lucile Packard Foundation plans to build a new “net zero energy” building in downtown Los Altos, Calif., that will serve as its central campus, the San Jose Mercury News reported Feb. 12 (see Packard Foundation story).

Value of Harvard securities up 26 percent

Harvard University says the value of its U.S. securities grew 26 percent in the last three months of 2009 as it bought exchange-traded funds that track markets outside the U.S., Bloomberg reported Feb. 12 (see Harvard endowment story).

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