Britain’s Charity Commission invesigating Salvation Army deal
A textile-company owner who manages 4,500 recycling banks throughout Britain for the Salvation Army, and who sits on the board of the Salvation Army group that picks the company that manages the clothing-recycling operation, has made 10 million pounds, or $15.1 million, over the last five years, to be split between him and his company’s directors, an arrangement that has prompted a probe by the country’s Charity Commission, The Telegraph reported Feb. 1 (see Salvation Army story).
Google giving $5 million to boost schools in India
Google will give $5 million to improve and support 50 elementary schools run by India’s Bharti Foundation, the philanthropic arm of Bharti Enterprises Ltd., The Wall Street Journal reported Feb. 1 (see Google giving story).
Donor-advised funds an option in face of shrunken foundation assets
With existing foundations hit by shrinking asset values, trustees may choose to convert the foundations to donor-advised funds, which cost less to run but have more limitations, The New York Times reported Jan. 28 (see donor-advised fund story).
Knight Foundation chief joins AOL board
Alberto Ibarguen, CEO of the John S. and James L. Knight Foundation, hasw joined the board of AOL, Bloomberg reported Jan. 31 (see Knight and AOL story).