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.