Bentz Whaley Flessner

Philanthropy News Blog

Outgoing grants and incoming contributions rose for the third and fourth consecutive year respectively for Fidelity Charitable, an independent public charity with a donor-advised fund program, making 2012 a record year for both measures of donor activity. In 2012, donors recommended more than 428,000 grants totaling $1.6 billion and contributed $3.6 billion to Fidelity Charitable […]

Forty-four percent of nonprofit groups plan to hire more workers in the coming year, another sign charities are starting to feel confident about the economy, according to a new survey. Health nonprofits, followed by environment and animal-welfare groups, were most likely to report plans to hire. About a third of nonprofits that plan to hire say they were […]

Strategic philanthropy has helped make the nonprofit sector more effective, but a new report released today by the National Committee for Responsive Philanthropy (NCRP) contends that it is limited by its top-down, technocratic approach. The report recommends the use of approaches familiar to social justice philanthropy to address these limitations, especially when the problems facing the nonprofit […]

University of Illinois officials Monday announced the largest gift ever to its prestigious College of Engineering, a $100 million pledge that will fund student scholarships and help the school recruit dozens of top faculty. The gift from the Lake Forest-based Grainger Foundation is being made in memory of William W. Grainger, a 1919 graduate of […]

Philanthropist and New York City Mayor Michael R. Bloomberg has committed $350 million to The Johns Hopkins University, anchoring a major initiative aimed at bringing significant innovation to U.S. higher education. The total commitment – the largest ever to the university – lifts Bloomberg’s lifetime giving to Johns Hopkins beyond $1 billion. The majority of […]

Affluent young donors say they are more focused than their parents and grandparents on producing a measurable impact with their giving, according to a study released today. What’s more, some of them say they care more about advancing a cause than helping an institution, the reverse of how they see the philanthropy of their elders. […]

HCA, the nation’s largest profit-making hospital chain, was ordered on Thursday to pay $162 million after a judge in Missouri ruled that it had failed to abide by an agreement to make improvements to dilapidated hospitals that it bought in the Kansas City area several years ago. The judge also ordered a court-appointed accountant to determine whether […]

Welcome to the Children’s Healthcare Philanthropy Newsletter.  This quarterly newsletter will serve to inform you about emerging trends in children’s healthcare philanthropy.  This edition includes several new significant gifts around the country and an important analysis of the new HIPAA guidelines.  We are excited about providing this resource to the children’s healthcare philanthropy community. — […]

Moody’s Investors Service said on Tuesday its outlook for U.S. not-for-profit hospitals will remain negative in 2013, marking the fifth year the rating agency has expressed concerns about the sector. “Our sector outlook has been negative since 2008, reflecting the lasting impact of the recession on patient volumes, significant challenges facing the industry resulting from […]

Nonprofit organizations that want to spread their programs are having a hard time raising the money to expand, according to a new report. The report is based on a survey of 436 nonprofit leaders, 325 of whom said their organizations were in the process of expanding. Yet only 24 percent of those groups have started […]