Financial irregularities alleged at Hershey charity
A former official involved with the multibillion-dollar charity tied to Hershey’s chocolate claims in a court filing that the organization was subject to widespread financial irregularities, the Associated Press reported Feb. 10 (see Hershey charity story).
Westminster Schools raise over $100 million
The Westminster Schools in Atlanta raised over $100 million in an endowment campaign, The Atlanta Journal-Constitution reported Feb. 10 (see school fundraising story).
University of Florida endowment grows 9.3 percent
A new national study says the endowment at the University of Florida grew 9.3 percent to $1.1 billion in the last fiscal year, but still is shy of its level it before the economic crash, the Associated Press reported Feb. 10 (see university endowment story).
Charity head says government cuts hurting volunteerism
The outgoing head of a training charity says the “Big Society” initiative of Britain’s Prime Minister David Cameron is being undermined by massive spending cuts that are “destroying volunteering”, Reuters reported Feb. 7 (see spending cuts story).