Gates Foundation spend $442.1 million on operations in 2009
The tax return for 2009 filed by the Bill & Melinda Gates Foundation and the Foundation Trust that manages its $36.4 billion endowment says the foundation spent $442.1 million on operations, up 9 percent from the previous year, with co-founder Bill Gates giving $34.53 million to cover roughly 75 percent of $45.6 million in investment fees the trust paid, The Puget Sound Business Journal reported Nov. 26 (see Gates Foundation story). Including taxes, the trust paid $125.3 million to manage the endowment.
Peace Corps director wants to increase partnerships
The director of the Peace Corps aims to increase the number of its partnerships with nonprofits and corporations, The Seattle Times reported Nov. 23 (see Peace Corps story).
Charity finds fun a key ingredient in enlisting younger donors
WGIRLS, which was founded in 2007 by Amy Heller and a group of other professional women in New York City who wanted to socialize and contribute to their community by providing underprivileged women and children with a quality education, financial independence and self-sufficiency, has expanded it to eight cities in the U.S. and London, The Wall Street Journal reported Nov. 29 (see younger donors story).
Charity watchdog urges donors to review charities carefully
Watchdog group Charity Navigator suggests donors carefully review charities, including those they supported last year, to make sure their gifts get results, The Washington Post reported Nov. 21 (see philanthropic decisions story).