Giving to higher education expected to grow 5.7%
A survey by the Council for Advancement and Support of Education says donations to schools, colleges and universities in 2010-11 will grow 5.7 percent, nearly the 20-year annual average increase of 6 percent, The Washington Post reported July 20 (see higher-education giving story).
Donations trickling in at Gulf charities
Charities strained to provide services in the face of the Gulf oil-spill emergency say donations are coming in only at a trickle, The Shreveport Times reported July 21 (see Gulf giving story).
Philanthropic sector quiet on estate tax
While the philanthropic sector fought President Obama’s proposal to cap the value of itemized deductions, claiming it would gut charitable giving, philanthropies are keeping quiet this year with a hiatus in the estate tax, possibly because complaining could lead to a tax increase, a guest blogger from the Tax Policy Center wrote July 20 in The Christian Science Monitor (see estate tax story).
NYU names chief investment officer for endowment
Tina Surh, acting chief investment officer for the $2.5 billion endowment at New York University, the biggest private nonprofit university in the U.S., has been promoted to chief investment officer, Bloomberg reported July 20 (see NYU endowment story).