Nonprofit hospitals struggle to balance bottom line, charity role…

Nonprofit news roundup

Nonprofit hospitals aim to balance bottom line with charity role

Nonprofit hospitals, which account for just over half the 5,000 community hospitals in the U.S., are trying to balance the demands of making money with being a charitable organization, The Washington Post reported Aug. 29 (see charity care story).

Salvation Army in metro Atlanta looks for cash infusion

Facing a surge in demand that included 47,000 calls for assistance from local residents between 8 a.m. and noon on July 7 alone, the Salvation Army in metro Atlanta aims by Sept. 30 to raise $300,000 from individuals giving $50 each and another $500,000 from major donors, corporations and foundations, the Atlanta Journal Constitution reported Aug. 27 (see Salvation Army story).

Food activists target Gates Foundation’s ties to Monsanto

Local food activists in Seattle who for two years have been trying to document ties between the Bill & Melinda Gates Foundation and Monsanto got a boost last when The Wall Street Journal reported Monsanto was among the $33 billion-asset foundation’s most recent portfolio investments, an investment valued at $27.6 million, The Seattle Times reported Aug. 38 (see Gates Monsanto story).

Druckenmiller top individual donor

Billionaire fund manager Stanley F. Druckenmiller, who gave $700 million, or one-fourth of his reported net worth, to his family foundation in 2009, when he and his wife, Fiona, gave $100 million to the Langone Medical Center at New York University, earned the ranking of the biggest individual charitable contribution in 2009 from The Chronicle of Philanthropy, Bloomberg reported Aug. 30 (see biggest donor story).

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