Nonprofit hospitals’ exemptions tied to charity care
The Illinois Supreme Court ruled nonprofit hospitals must provide an adquate amount of charity care or risk big reductions in their tax-exemptions, the Chicago Tribune reported March 19 (see nonprofit hospitals story).
Yale boosts allocations to risky investment classes
Despite its big losses in real estate, private equity and commodities, Yale significantly increased its allocations in those investment classes in the fiscal year that ended in June 2009, Reuters reported March 19 (see Yale investment story).
Philanthropic advisers now ‘generosity coaches’
In the face of the recession, philanthropic advisers have redubbed themselves “generosity coaches,” The Wall Street Journal reported March 18 (see generosity coaches story).