Baylor gets $200 million
Baylor University received $200 million from an anonymous Baylor graduate, the largest gift ever to the Baptist university and one of the 20 largest gifts to colleges and universities in the U.S., The Houston Chronicle reported March 4 (see Baylor gift story).
IRS asking for more information from nonprofits
In the wake of corporate wrongdoing, the federal government now requires nonprofits to provide more extensive information to show they are operating correctly, The Sacramento Bee reported March 5 (see nonprofit regulation story).
Older Americans volunteering with purpose
Older workers, facing a tough job market or wanting to change careers, are looking to donate their time in ways that put their know-how to work, a trend that is changing volunteerism, the Associated Press reported March 4 (see older volunteers story).
Nonprofits lose funds from foundation burned by Madoff
Local nonprofits that counted on funds from the Carl & Ruth Shapiro Family Foundation in Boston, which said last year it would not make new grants after losing $145 million in the collapse of former financier Bernard Madoff’s Ponzi scheme, have made cuts or found alternative funding sources, The Boston Globe reported March 5 (see Madoff fallout story).