Foundations offer to match federal education grants
A group of big foundations is offering over $500 million to match federal grants to improve education, easing pressure on schools to hunt for matching funds to secure the grants, the Associated Press reported April 28 (see education funding story).
Nonprofit software firm Convio sells stock to public
Convio, an Austin-based software firm that focuses on nonprofits, generated $46.2 million from its initial public offering of stock, the Austin American-Statements reported April 28 (see Convio stock sale story).
Idol Gives Back raises nearly $45 million
TV hit American Idol’s annual “Idol Gives Back” broadcast raised nearly $45 million for children’s, hunger and health charities in the U.S. and Africa, Reuters reported April 23 (see America Idol charity story).