Charity auction winner bids $2.63 million for lunch with Buffett
An anonymous bidder will pay $2.63 million to have lunch with billionaire investment manager Warren Buffett, with the proceeds of the 11th annual charity lunch, 24 percent higher than the record set in 2008, to benefit the Glide Foundation in San Francisco, Bloomberg reported June 12 (see Buffett lunch story).
‘New normal’ shaking up nonprofit sector in Minnesota
To cope with the recession and new economy, Minnesota’s nonprofits and philanthropies have embraced a “new normal,” cutting budgets, reducing staff and trimming programs, with over 40 charities in the Minnespolis area engaging in merger activity, and the relationship between donors and grantseekers changing as both sides demand greater focus, relevancy and accountability, the Minneapolis Star Tribune reported June 13 (see Minnesota nonprofits story).
Museum teams with You Tube to solicit exhibition entries
The Solomon R. Guggenheim Museum and You Tube have teamed up on an initiative that will let anyone with access to a video camera and computer compete for a spot in a video-art exhibition in October at all the foundation’s museums in New York, Berlin, Spain and Venice, bypassing the exclusionary art-world system, The New York Times reported June 13 (see internet art competition story).