Smallest college endowments outperform largest…

Nonprofit news roundup

Smallest college endowments outperform largest

A new report says college endowments posted average returns of 12.6 percent in fiscal 2010, with the smallest endowments generally outperforming the largest ones, The New York Times reported Nov. 2 (see college endowments story).

Social-service agencies’ revenue strategies seen short-changing clients

A Pace University report says hundreds of social-service groups in New York are short-changing the clients they are supposed to serve by focusing on income-producing activities, The Wall Street Journal reported Nov. 4 (see New York nonprofits story).

Gates Foundation gives $50 million to Smithsonian

The Bill & Melinda Gates Foundation has given $50 million for new programs at the Smithsonian Institution, the Associated Press reported Nov. 3 (see Smithsonian gift story).

Charitable giving in China tiny compared to U.S.

A new report says charitable giving in China represents 0.01 percent of its gross domestic product, compared to 2.2 percent in the U.S., while per-capita giving totals 25 yuan, or $3.74, and total giving in 2009 totaled 33 billion yuan, or $4.94 billion, up 3.5 percent from a year earlier, the People’s Daily reported Nov. 3 (see China charity story). China is home to 1,800 foundations, compared to over 75,000 in the U.S.

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