Acorn shutting down…

Nonprofit news roundup 

Acorn shutting down

Community-organizing group Acorn will close all its remaining state affiliates and field offices by April 1, The New York Times reported March 22 (see Acorn closing story). Officials of the group, which has been rocked by political controversy, mismanagement and the loss of government and other funding, said earlier it was close to filing for bankruptcy, the Times reported March 19 (see Acorn bankruptcy story).

Rich creating prizes to advance their causes

Wealthy benefactors increasingly are creating prizes, sometimes worth millions of dollars, to advance or draw attention to their causes, The New York Times reported March 19 (see philanthropy prizes story).

British multi-millionaire giving half his fortune to church

The multi-millionaire founder of Kwik Save says half his 600 million pound fortune, or nearly $905 million, will go to causes identified by the Roman Catholic Church and the other half will go to causes selected by trustees of a foundation to which he has given his business empire, BBC News reported March 22 (see pledge story).

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