Clinton summit raises $6 billion, down $3 billion from ‘09
Former President Bill Clinton’s annual philanthropic summit secured a record 291 pledges worth over $6 billion to tackle global problems, down $3 billion from last year and bringing the total raised since 2005 to nearly 2,000 commitments valued at $63 billlion, Reuters reported Sept. 23 (see Clinton Global Initiative story).
Barclays chief says banks embracing social responsibility
The head of Barclays Bank says the world financial crisis prompted a greater sense of social responsibility in the banking industry, Reuters reported Sept. 22 (see social responsibility story).
Michelle Obama urges nonprofits to engage veterans
First Lady Michelle Obama urged international development groups to engage military veterans and spouses in their work, saying the skills of service members are “woefully underutilized,” the Associated Press reported Sept. 23 (see Michelle Obama story).
Philanthropy in China expected to grow quickly
Charitable giving in China totaled roughly $8 billion last year, compared with $308 billion in the U.S. in 2008, but is expected to grow quickly because of changes in China’s economic structure and in government policies, The New York Times reported Sept. 23 (see Chinese philanthropy story).