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Creative philanthropic approaches to schooling in Los Angeles and the arts in Chicago won recognition in the 2012 Innovator of the Year Awards handed out by The Wall Street Journal’ s WSJ Magazine . Eric Eisner, a former movie and music mogul who founded the Young Eisner Scholars program to help children from some of Los Angeles’ poorest neighborhoods get to college, was named the magazine’s Innovator of the Year in education . The article details how Mr. Eisner—who says he retired with no ambitions beyond enjoying the fortune he’d made in Hollywood—launched an organization that identifies and works directly with children from third grade on in southwestern Los Angeles, helping them develop intellectually and get placed at prep and magnet schools. This fall, 67 alumni of the program will enter Ivy League universities and other prestigious institutions.
By Maria Di Mento While 95 percent of the country’s wealthiest households gave to charity last year, the average dollar amount they donated declined by 7 percent compared with 2009, when the last results were available, according to a study to be released this week. The study, by Bank of America and Indiana University’s Center on Philanthropy, also found that: Wealthy people were most likely to make their largest gifts to religious institutions, followed by education groups. More donors have provided support for general operations. Sixty percent of affluent donors said their largest gifts were unrestricted, compared with 55 percent in 2009.
October 31, 2012, 10:34 am Numerous nonprofit groups scheduled to told fundraising and awards galas this week have canceled or postponed the event as Hurricane Sandy tore through New York, Bloomberg writes. New York Public Radio, the Breast Cancer Research Foundation, and the Whitney Museum of American Art were among dozens of organizations and institutions that canceled long-planned events Monday and Tuesday. Charities are unlikely to recoup costs from venues, caterers, and other providers because most such contracts contain “force majeure” clauses, said David Adler, CEO of event-industry trade publication BizBash.
November 1, 2012, 10:36 am A California judge formally ordered an Arizona nonprofit on Wednesday to give regulators information on the source of $11-million it contributed to California ballot-question campaigns, Bloomberg and the Los Angeles Times report. Judge Shelleyanne W.L.
November 1, 2012, 10:37 am The head of a Wisconsin venture-capital fund paid for billboards in his state and Ohio warning of the penalties for committing voter fraud, writes the Milwaukee Journal Sentinel . Stephen Einhorn, a contributor to Wisconsin Gov. Scott Walker and other Republicans, acknowledged that he and his wife, Nancy, paid for the billboards in the Milwaukee, Cleveland, and Columbus areas, which in the ad copy were attributed to a “private family foundation.” Democratic and civil-rights groups contend the billboards, concentrated in minority neighborhoods, aim to suppress voter turnout, but a statement issued by public-relations firm for the couple said they acted “as a public service because voter fraud—whether by Republicans or Democrats—undermines our democratic process.” This entry was posted in News-updates .
October 31, 2012, 6:39 pm By Raymund Flandez Lowe’s has given $1-million to local relief and rebuilding efforts. (Photo courtesy of Business Wire) Superstorm Sandy has brought out generosity from the public and from big companies, with charities, deep in the recovery efforts, receiving more money to do their work.
Ava Youngblood is founder and CEO of Youngblood Executive Search in Chicago. She serves on three nonprofit boards, including the Chicago Shakespeare Theater's. Erik Unger
Wielding her line-item veto on South Carolina’s budget, Gov. Nikki Haley defunded the state’s Arts Commission on Thursday, and the agency’s 20 employees were told not to report to work on Monday, Columbia, S.C., daily The State reports. Ms.
Global humanitarian group Oxfam has launched a campaign aimed at educating American families about the social and environmental impact of how they buy, prepare, and discard food, according to The New York Times . The program, called GROW, is directed at American mothers and offers advice on small changes in shopping, cooking, and eating habits—from buying produce in-season to putting a lid on pots of boiling water to save energy—can free up resources and ultimately make more food and money available to women in the developing world. “Mothers, particularly in urban areas and towns, have a huge amount of buying power and are interested in what they can do to make a difference,” said Vicky Rateau, the campaign’s manager.
Hospitals in poor urban and rural communities that treat large numbers of illegal immigrants are facing a significant financial blow with implementation of President Obama’s health-care law, says The New York Times . The Affordable Care Act will slash the amount of money the federal government gives so-called safety-net hospitals to cover emergency care for the uninsured, on the premise that the law will steer many more people into getting health insurance. The nation’s estimated 11 million undocumented aliens are not covered by the law.
The Queen has received an exceptional number of letters and messages of goodwill following the Diamond Jubilee weekend, taking the total to over 130,000 letters and messages in Her Majesty's Diamond Jubilee year. This includes over 60,000 Jubilee letters, and over 71,000 electronic messages of congratulations through the official Diamond Jubilee website. Forty-five sacks of mail were delivered to Buckingham Palace following last weekend's Diamond Jubilee celebrations in London and the Correspondence Office at the Palace is expecting a further increase in messages next week as people write over the coming days. It has been a particularly busy period for the Correspondence Office, with the 60,000 Jubilee letters in 2012, far exceeding the figure of 26,000 in 2011 over the same five-month period.
America’s big companies are slowly increasing the amount they give to charity since making big cuts in their philanthropy during the recession, but they are still donating far less than they did before the hard times began in 2007, according to preliminary results of a new study that were released today. The downturn has also reinforced a trend that has swept corporate philanthropy in the past decade, as more and more companies have decided to focus their giving to one or two causes rather than supporting a broad range of groups. Just 4 percent of the 144 companies in the study said they support a wide array of causes.
The Motion Picture & Television Fund announced a $30-million contribution Tuesday from entertainment executive Barry Diller, the largest gift to date in the charity’s $350-million endowment campaign, The Hollywood Reporter and The Wall Street Journal write. Mr. Diller, the chairman of IAC/InterActiveCorp., made the donation through the Diller-von Furstenberg Family Foundation, which he runs with his partner, fashion designer Diane von Furstenberg.
Banking giant Wells Fargo said Tuesday that it will award $100-million in grants to universities and nonprofit green groups over the next eight years to pursue environmental programs, reports the San Francisco Business Times . The effort began with a $15-million, five-year commitment to the National Fish and Wildlife Foundation. The larger grant program will aim to promote sustainable agriculture and forestry, land and water conservation, urban ecosystems, and clean energy. <p style="text-align:right;color:#A8A8A8"></p>
Two major nonprofit New York City hospital systems have reached agreement on a merger that The New York Times says could profoundly change how medical care is delivered in the city. NYU Langone Medical Center and Continuum Health Partners announced on Wednesday a pact that would unite a highly specialized academic hospital with a network encompassing several community-oriented facilities. Subject to final approval by both organizations’ boards and regulators, the merger would create one of New York’s largest health-care entities, with potentially significant competitive advantages in the lucrative Manhattan market, according to the Times . Like similar consolidations around the country, the move is driven in large part by the new federal health-care law that demands more efficient, lower-cost hospital operations.