Social Innovation Fund under fire
The $50 million federal Social Innovation Fund, designed to invest in replicating nonprofit programs that work, has become embroiled in controversy over possible conflicts of interest and the process used to pick grantees, The New York Times reported Aug. 21 (see Social Innovation Fund story).
Pay grew for nonprofit CEOs
Despite the gloomy economy, a study by Charity Navigator says, pay for nonprofit CEOs grew throughout the U.S., with median compensation growing 4.7 percent from last year to $147,273, Portfolio.com reported Aug. 23 (see nonprofit pay story).
Low-income Americans more generous than wealthy
For decades, studies have shown that wealthy Americans do not give as much of their wealth to charity as they might, while other studies have shown that lower-income Americans give proportionally more of their income to charity than do upper-income Americans, The New York Times reported Aug. 20 (see giving gap story).
Doping probe seen tarnishing Armstrong’s foundation
Despite the recession and allegations that its founder, cyclist Lance Armstrong, used performance-enhancing drugs, the Livestrong foundation that Armstrong founded in 1997 exceeded $50 million in revenue and earnings in 2009 and distributed $31 million on behalf of cancer patients, its best year ever, although some fear the foundation could suffer from a federal investigation into doping activities, The New York Times reported Aug. 21 (see Lance Armstrong story).