Social Innovation Fund under scrutiny
The inspector general with oversight of the federal government’s Corporation for National and Community Service is looking into the grant process of its Social Innovation Fund, a $50 million program that aims to expand promising nonprofits but was the focus of concerns by critics last summer about its accountability and potential conflicts of interest, The New York Times reported Nov. 12 (see Social Innovation Fund story).
30 chiefs of private colleges got $1 million or more each
A new report says 30 presidents of private colleges each earned over $1 million in total compensation in 2008, up from 23 the previous year, The New York Times reported Nov. 15 (see college chiefs’ pay story).
Hollywood celebrities turn to philanthropic advisers
A growing number of celebrities are paying experts to advise them on their philanthropy, reflecting a national trend among wealthy donors but also reflecting a desire among Hollywood celebrities to be associated with the type of serious activism that has transformed peers like Angelina Jolie and Bono from mere entertainers to global power players, the Los Angeles Times reported Nov. 14 (see Hollywood philanthropy story).
Most wealthy Canadians want to give back
A new survey says three in four Canadians with at least $1 million in investable assets believe it is important to give back to the community, but one in four of one in four of these high-worth individuals do not, The Gazette in Montreal reported Nov. 15 (see Canadian charity story).