Philanthropists looking at microfinance stock offering…

Nonprofit news roundup

Philanthropists looking at microfinance stock offering

An Indian company with wealthy American investors is set raise up to $350 million in a stock offering that philanthropists around the world are watching that could show that making small loans to tiny enterprises can yield big profits The New York Times reported July 29 (see microfinance story).

Apple, Google rapped for not giving enough locally

Despite their business success, Apple and Google are not giving enough time and money to their own communities, a columnist or the Mercury News in San Jose, Calif., reported July 29 (see Apple Google story).

Business dean to head university foundation

Michael M. Knetter, dean of the business school at the University of Wisconsin at Madison, has been named to head the university’s $2.5 billion foundation, The Milwaukee Journal-Sentinel reported July 28 (see university endowment story).

National Opera mulls merger with Kennedy Center

The Washington National Opera Company, faced with big financial challenges, is exploring a merger with the John F. Kennedy Center for the Performing Arts, The Wall Street Journal reported July 30 (see opera merger story).

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