Companies give less cash as corporate philanthropy grows
A study by the Committee Encouraging Corporate Philanthropy says most U.S. companies donated less money to charity in 2009, but total corporate philanthropy grew seven percent to $9.9 billion, boosted by product, service, land and space donations, Reuters reported Oct. 27 (see corporate giving story).
Report tracks highest-paid nonprofit CEOs
Charity Navigator recently released a report on executive pay at nonprofits, finding that compensation for the 15-highest-paid execs ranges from $806,150 to nearly $2.65 million, The Street reported Oct. 26 (see CEO pay story).
Cleveland Orchestra getting $20 million to broaden audience
The Maltz Family Foundation is making a lead gift of $20 million to the Cleveland Orchestra for its new Center for Future Audiences that aims to broaden the audience for classical music, the Plain Dealer reported Oct. 27 (see Cleveland Orchestra story).
University of Virginia hires Georgetown’s investment chief
Lawrence E. Kochard, chief investment officer at Georgetown University, has been named CEO of the UVa Investment Management Co., the University of Virginia foundation that manages the school’s $4.6 billion endowment, The Daily Progress in Charlottesville reported Oct. 26 (see Virginia endowment story).