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Public colleges in the Mountain West face the prospect of major cuts, just as more students return to college to improve their job skills in a weak economy. Full-text article by Eric Kelderman is available via The Chronicle of Higher Education, 8.24.09. …
…om estates valued at $20 million or more — compared with $16 million in 2009, when the estate exemption level was higher. Frank Minton, a Seattle-based planned giving consultant, ascribed the drop in bequest deductions to the economy, changes in the estate tax rate, and chance. “When there is an erosion of wealth due to stock market and real estate value declines, bequests whether charitable or non-charitable, [will] be affected,” Min…
Drug companies helped drive an almost 18 percent increase in corporate philanthropy last year as they gave away medicine to poor Americans still struggling in a rough economy, a survey found on Thursday. The Committee Encouraging Corporate Philanthropy poll of 110 companies found they gave $13 billion in cash and products last year as the United States began to emerge from recession. While 40 percent of the 110 companies — polled annually …
…he decline is far sharper than experts had expected—and much more substantial than in previous downturns. The new numbers from the IRS underscore just how big a financial hole nonprofits must climb out of as the still-fragile economy recovers. Full article text is available via The Chronicle of Philanthropy, 4/22/2011. …
… learning and a newer platform that seeks to provide UCI’s students with the “best education possible,” said spokesman Bill Ross, who noted that the program is gaining momentum… thanks to the improving economy and its “relevance” to the donor community. Full article text is available via OC Metro, 4/18/2011. …
…f private foundations. Betsy Brill, president of Strategic Philanthropy, an advisory firm in Chicago, said the number of new private foundations had decreased over the last few years. One obvious reason is the downturn in the economy, which has meant fewer instances like the lucrative sale of a private company or a big stock position. Those events often persuade people to put money into a foundation. Full article text is available via The New Yor…
Even in a tough economy, online philanthropy at eBay clicked. Making it easier for people to donate to their favorite nonprofits and high-profile celebrity auctions pushed charitable donations in 2010 from eBay sellers and buyers to a record $54.8-million, a 7-percent increase over 2009. To donate, people could give a percentage of anything they sold or add a contribution to anything they bought, and nonprofits could sell items to raise money. F…
Despite the poor economy, U.S. nonprofit hospitals and health care systems managed an eight percent increase in philanthropic donations last year, to over $8 billion, with individual donors contributing almost 60 percent of that total. But fundraising costs climbed and return on investment dipped, according to the fiscal year 2010 Report on Giving USA issued today by the Association for Healthcare Philanthropy (AHP). The AHP’s annual surve…
More than 2,000 charities across England have had their funding cut or withdrawn altogether by local councils, according to research. The study by anti-cuts website False Economy was based on over 250 Freedom of Information requests responses. The cuts total more than £110m in this year, but the final figure could be far higher, its report claimed. Local government minister Bob Neil said the government was offering charities help to move away fr…
With the volatility of the stock market, concerns over the debt ceiling, continued high unemployment and the lower U.S. credit rating, nearly 7 in 10 Americans (68 percent) say they will give more sparingly to charity in the coming months, according to a new study conducted by Campbell Rinker on behalf of Dunham+Company. Another 1 in 10 plans to stop giving altogether until the economy gets back on track. Charities can anticipate that individua…
