Baltimore nonprofit chiefs take pay cuts
Top executives at Baltimore nonprofits have taken pay cuts in the face of the touch economy, setting examples for their organizations and for CEOs of big for-profit corporations that have not taken similar cuts, Jay Hancock wrote in the Baltimore Sun on May 4 (see nonprofit CEO pay article).
Kennedy Center gets $22.5 million endowment
The Kennedy Center received a $22.5 million endowment to fund an arts management program, Michigan Radio reported May 3 (see Kennedy Center gift article).
Nonprofit journalism model touted
Membership, sponsorship, philanthropy and government support are key to sustainable revenue for nonprofit business models for journalism, Peter Osnos wrote in The Atlantic on May 4 (see nonprofit journalism article).