Challenge gift boosts record-high alumni giving
A challenge by an anonymous donor who offered Trinity College a $5 million endowment if it could increase its gift participation rate to at least 55 percent among its 20,000 living alumni spurred an effort that generated a record-high $9 million in gifts from over 11,000, or 55.34 percent, of the school’s alumni, the largest number of alumni donors in the school’s 187-year history, The Hartford Courant reported July 22 (see endowment challenge story).
Recession speeds erosion of American’s economic security
A new study released by the Rockefeller Foundation that tracks the impact of income loss and rising medical costs on Americans finds that while the recession has made Americans much less secure, security was eroding long before the recent economic crisis, The Wall Street Journal reported July 22 (see economic security story).
Charity-care spending drops at Utah’s for-profit hospital chains
Spending for charity care at Utah’s two biggest for-profit hospital chains fell when patients needed it most, The Salt Lake Tribune reported July 22 (see charity care story).
St. Louis nonprofits face tough times
A survey of nonprofits, foundations and corporate and individual donors in the St. Louis area found stimulus money being spent quickly, many staff and program cuts, and charitable foundations giving less, The St. Louis Post-Dispatch reported July 23 (see nonprofit finance story).