Foundations to match government innovation grants
The White House says five foundations will give a total of $45 million to match funds the government plans to grant to nonprofits through its Social Innovation Fund to boost successful social programs, and that over 20 other foundations and groups will give another $5 million so the fund will have $100 million, half in federal money, to award starting in July, The New York Times reported May 27 (see matching pledge story).
British universities see increase in philanthropic gifts
A new survey says British universities secured 511 million pounds, or $745.4 million, in philanthropic gifts in 2007-08, up from 430 million pounds, or $627.2 million, the previous year, CivilSociety reported May 27 (see British university fundraising story).
Bay Area residents give less per-capita to charity
Residents of the San Francisco Bay Area appear to give less to charity as a share of income than the rest of the U.S., a per-capita lag that Wells Fargo CEO John Stumpf says is deceptive because, while area residents have a higher per-capita income, they also have more expensive housing, The Wall Street Journal reported May 27 (see San Francisco charity story).