Public colleges and universities counting on alumni giving
Slammed by state funding cuts, public colleges and universities throughout the U.S. are stepping up fundraising appeals to alumni, although many schools are finding it tough to justify expanding fundraising staff at a time academic programs are being cut, and many schools have not developed the alumni culture that is ingrained at private institutions, The New York Times reported Jan. 15 (see university fundraising story).
Nonprofits among biggest buyers of radio spots
Governmental agencies, labor unions and nonprofits bought 41.7 percent more radio spots in 2010 than in 2009, making them the fifth-largest buyers of radio time last year, up from 10th-largest in 2009, The New York Times reported Jan. 16 (see nonprofit radio spots story).
University of Illinois gets $185 million
The University of Illinois received $185 million from the National Science Foundation in fiscal 2010, more than any other university in the U.S., the Associated Press reported Jan. 16 (see university gift story).
Hong Kong foundation big investor in Chinese timber firm
Hong Kong billionaire Li Ka-shing’s charitable foundation is set to become the second-biggest shareholder of China Timber Resources Group Ltd. after the fund and several investors inked deals to buy shares in the Hong Kong-listed company to help pay for its plan to buy toll-road assets in Inner Mongolia, The Wall Street Journal reported Jan. 17 (see China foundation story).