Bank of America targeting endowments
Bank of America aims to aggressively expand Merrill Lynch’s business of managing investments for pension funds, foundations and endowments, Reuters reported Feb. 22 (see Bank of America story).
AP’s nonprofit-news distribution gets few takers
Nieman Journalism Lab says the Associated Press’ six-month pilot project to distribute content from four nonprofit journalism outlets has produced disappointing results, with AP members using little of the content nonprofits provide, Editorsweblog.org reported Feb. 22 (see nonprofit news story).
Richest Australians not giving a lot to charity
A panel was told that Australia’s top billionaires do not rate as serious philanthropists but that 20 wealthy individuals combined gave $40 million to a Sydney medical research institute, with one person donating $25 million, The Sidney Morning Herald reported Feb. 24 (see Australia giving story).
Asia gets first online portal for cultural giving
Asia got its first online portal for cultural philanthropy, give2arts.org, that aims to make it easier for the public to donate and volunteer their time. ChannelNewsAsia reported Feb. 23 (see Asian arts portal story).