Monthly Archives: June 2012

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Three Families Unite to Raise $30-Million for Aid to Veterans

Three affluent families are forming a fund with the purpose of raising $30-million to support programs that serve military veterans, the Iraq and Afghanistan Veterans of America announced today.

The families have donated more than $1-million and plan to seek contributions especially from other wealthy people, including those without personal connections to any service members.

Philip Green, president of PDG Consulting, a health-care consultancy,  and his wife, Elizabeth Cobbs, chief of geriatri…

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Bill Gates Says He’ll Stick to Giving Priorities Until ‘Something Dramatic’ Is Achieved

Bill Gates, America’s most prominent evangelist for philanthropy, told The Chronicle of Higher Education that his foundation probably won’t change its grant-making priorities for at least a decade.

“We want to learn, make mistakes, try new things out, find new partners,” says Mr. Gates, whose foundation works to improve health and reduce poverty in the neediest countries, and to improve education in the United States. “And so until we’ve done something quite dramatic, which in the best case woul…

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Casey Fund to End Foster-Case Unit and Direct $20-Million a Year to Nonprofits

The Annie E. Casey Foundation on Tuesday announced plans to close a foster-care unit it runs, a move that will eliminate 280 jobs and free up roughly $20-million a year in grants to nonprofits that help government agencies serve the needy, including youngsters in foster care.

The closure of Casey Family Services affects employees who provide services in seven states.

Patrick McCarthy, president of the Casey Foundation, said he believes his organization can do more good by providing grants to imp…

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MacArthur Taps Economist to Lead ‘Genius’ Program

Cecilia Conrad, an economist and dean of Pomona College, will serve as the new director of the John D. and Catherine T. MacArthur Foundation’s Fellows Program, informally known as the “genius” awards, the foundation said today.

Ms. Conrad will start the job in January. She succeeds Daniel Socolow, who is stepping down after 15 years.

The fellows program provides “no strings attached” awards of $500,000 to help some of the country’s most talented people pursue creative work. Winners are drawn fr…

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Nonprofits Want Pro Bono Aid, but Securing It Is a Challenge, Says Study

Two-thirds of nonprofits say they need pro bono help, but many report challenges in recruiting volunteers who can lend their business skills, according to a new survey.

The survey of 1,348 charity officials found the greatest demand for pro bono marketing and branding (cited by 78 percent), technology (70 percent), and strategic-planning and management expertise (more than 51 percent).

But despite the needs, nearly half of those surveyed said they didn’t know how to attract volunteers with busin…

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Million-Dollar Donations Are on the Decline in 2012

America’s wealthy are in a less generous mood so far this year.

The number of donations of $1-million or more has dropped 8 percent since the beginning of 2012 compared with the same period last year, according to a Chronicle tally.

Since the start of 2012, The Chronicle has confirmed, 318 gifts of $1-million or more have been made, totaling $2.5-billion. In the first half of 2011 there were fewer such gifts, 292, but the overall total was larger, $2.7-billion.

Gifts of $100-million or more hav…

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Most Rich Americans Believe in Teaching Children About Giving

Even in tough economic times, wealthy Americans still believe strongly that they have a duty to give, a new survey says.

About 69 percent of rich people said they have a responsibility to pass on to their children a tradition of philanthropic giving, according to the study by U.S. Trust of 642 people with investable assets of at least $3-million.

Two-thirds of those who are 67 and older and 73 percent of baby boomers said philanthropy is an important social responsibility for all generations. Ab…

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Apple Co-Founder Steve Wozniak Gives With No Strings

Steve Jobs may have been mum on his philanthropy, but his Apple co-founder, Steve Wozniak, was anything but at a gathering of fundraisers last week, surprising many in attendance with his first public talk on his giving philosophy.

“I would never give a gift that has restrictions,” he said, in an appearance at the AFP TechKnow conference, in Orlando, Fla. “I leave that to people who know more than me.”

Read the full post in our Prospecting blog

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Foundation Giving Did Not Keep Pace With Inflation in 2011

Giving by U.S. foundations totaled an estimated $46.9-billion last year, an increase of only 2 percent from 2010 and a more than 2 percent drop from 2009, according to a new study on foundation giving.

However, when inflation is taken into account, giving was actually down from 2010, the Foundation Center study says, signaling a continued rough road for charities that rely on foundation grants for the bulk of their support.

The survey shows that if the Bill & Melinda Gates Foundation—the country’…

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PricewaterhouseCoopers Gives $60-Million to Financial Literacy

The consulting firm PricewaterhouseCoopers said today it will give $60-million in cash to financial-literacy programs for youths over the next five years.

The money will support nonprofits like the DonorsChoose.org, a Web site that helps teachers raise money for classroom needs; Junior Achievement; and MIND Research Institute, which seeks to improve math education. The firm is also working with Knowledge@Wharton, a program of the University of Pennyslvania’s business school, to offer seminars th…