Over $1.1 billion donated to Haiti
Over $1.1 billion has been donated to relief and rebuilding efforts in the four months since the Haiti earthquake left 250,000 dead, USA Today reported May 13 (see Haiti donations story).
Nonprofit health-care providers’ credit called risky
Standard & Poor’s says federal legislation overhauling the U.S. health-care system creates a bigger credit risk for nonprofit health-care providers, Reuters reported May 13 (see nonprofit health care story).
Departing Cornell endowment chief starting hedge fund
James Walsh, who is stepping down as head of the endowment at Cornell University, plans to start a $150 million hedge fund with performance fees spread over three years, Bloomberg reported May 12 (see hedge fund story).