Rockefellers Want Change! First, a bit of history: Standard Oil, the company John D. Rockefeller founded and turned into an economic superpower, was forced to break up into roughly 34 different companies around 1911. Two of these pieces eventually became Exxon and Mobile respectively. As you all know, these two companies are now combined, which has created the worlds largest integrated oil company. Since this new economic superpower was born from the Standard Oil breakup, the Rockefeller family still has significant power within ExxonMobile – through stock ownership, trusts, and personal clout. This is a very good thing. A statement issued yesterday by the Rockefeller family was a warning shot, saying that Exxon’s leadership is “failing to address the future of energy and related industry hurdles,” and that “a majority of the family is now so concerned about the direction of ExxonMobil Corporation that it is urging a major change.”
An excerpt from the Wall Street Journal: Response to NYT Article « SEAPLEX. On Tuesday, the New York Times published an article on the North Pacific Gyre called “Afloat in the Ocean, Expanding Islands of Trash.” Written by Lindsey Hoshaw, it was the culmination of a $10,000 freelance journalism project* in which she visited the gyre with the Algalita Marine Research Foundation. Unfortunately, this NYT article was far below their usual standards. Not only did it not add anything new to the discussion, but it significantly misrepresented the state of the science, presenting broad estimates & conjecture as facts.
I sent a list of corrections to the New York Times, and I am republishing them here as well. In this remote patch of the Pacific Ocean, hundreds of miles from any national boundary, the detritus of human life is collecting in a swirling current so large that it defies precise measurement. The gyre is not a current, but a lack of currents. There is no evidence for this. This is a very poor description of oceanic circulation. This is highly misleading. Indonesia Climate Change Trust Fund - Climate Funds Update. Rich more willing to set up family foundations. By He Dan and Yu Ran (China Daily) Updated: 2011-05-16 07:57 Entrepreneurs to use bonuses, stocks for charitable giving BEIJING - Mainland billionaires are showing an ever greater eagerness to establish family foundations for charitable purposes and to fall in line with what experts think is the most decent way for the rich to spend their money.
Earlier this month, Cao Dewang, chairman of the glass giant Fuyao Group in Fuzhou, Fujian province, used stocks with a market value of 3.55 billion yuan ($546 million) to establish a family foundation. The Heren Foundation, named after Cao's father, is the mainland's first family foundation. Its mission is to provide support for education, healthcare and various projects aimed at eradicating poverty. Successful entrepreneurs in China are now wont to give money to charities but seldom go so far as to establish a family foundation. Zong Qinghou, the founder of the Hangzhou Wahaha Group, a leading beverage company in China, is an exception. China Stands Firm on Unconditional Climate Funding ahead of Cancun Talks. Discuss this articleShare your views with other visitors, and read what they have to say With Cancun climate talks only a week away, the world’s largest carbon emitter says it will not accept a deal on climate financing if it hampers their ability to prioritise domestic policy.
Huang Huikang, the Chinese Foreign Ministry’s special representative for climate change talk, said Friday that so-called emissions transparency conditions would not be acceptable in any green fund. Ministers will be meeting in Cancun, Mexico next week to try to advance talks toward a global climate deal that will chart the course for the post-2012 period, when the first phase of the Kyoto Protocol expires.
Rich countries generally favour the creation of a new climate pact to succeed Kyoto – one that places more responsibility on key developing country emitters like China and India. Financing should be “unconditional” “These [funds] are unconditional and should not be linked to anything else,” Huang told reporters. The billionaire Koch brothers’ war against Obama. On May 17th, a black-tie audience at the Metropolitan Opera House applauded as a tall, jovial-looking billionaire took the stage.
It was the seventieth annual spring gala of American Ballet Theatre, and David H. Koch was being celebrated for his generosity as a member of the board of trustees; he had recently donated $2.5 million toward the company’s upcoming season, and had given many millions before that. Koch received an award while flanked by two of the gala’s co-chairs, Blaine Trump, in a peach-colored gown, and Caroline Kennedy Schlossberg, in emerald green. Kennedy’s mother, Jacqueline Kennedy Onassis, had been a patron of the ballet and, coincidentally, the previous owner of a Fifth Avenue apartment that Koch had bought, in 1995, and then sold, eleven years later, for thirty-two million dollars, having found it too small.
The gala marked the social ascent of Koch, who, at the age of seventy, has become one of the city’s most prominent philanthropists. Making Fast Start Finance Work. Reuters AlertNet - 'Fast-start' funding shaping up, but using it effectively will take work - study. Welcome to Scott Prenn - Strategic Fundraising Partnership. Survey: IMF Proposes "Green Fund" for Climate Change Financing. Strauss-Kahn unveils his proposal for a “Green Fund” to assist countries in adapting to a low-carbon growth model and combat climate change (photo: World Economic Forum) World Economic Forum IMF Survey online January 30, 2010 Strauss-Kahn proposes “Green Fund” to help finance shift to low-carbon world Says IMF to release proposals in a few weeks Fund could be created partly through issuance of IMF’s special drawing rights (SDRs) The world must adopt a low-carbon model for growth as it rebuilds from the global economic crisis, Dominique Strauss-Kahn, Managing Director of the International Monetary Fund, said at the World Economic Forum in Davos.
To help finance this shift in the global economy, the IMF is working on a set of proposals to create a multi-billion dollar “Green Fund” that would provide the huge sums—which could climb to $100 billion a year in a few years—needed for countries to confront the challenges posed by climate change. Taking it forward IMF reserve assets. Shah Who? Tuesday's appointment of an administrator to lead the U.S. Agency for International Development (USAID) was met in Washington with some relief. The post at the head of the independent executive agency -- with its multibillion budget, 1,800-person staff, and round-the-world presence -- had sat empty for 10 months, rankling the aid and foreign-assistance community outside government and in, including Senators John Kerry and Richard Lugar. Over the course of the year, many prominent names were bandied about for the position. Paul Farmer, the visionary leader of Partners in Health, which provides medical services in poor countries, reportedly couldn't get past vetting.
George Rupp, the president of the International Rescue Committee, and Nancy Birdsall, the founding president of the Center for Global Development, also allegedly were front-runners who did not pass muster in a process Secretary of State Hillary Clinton called "frustrating beyond words. " It's ample experience for a young guy. Contact Manager, Web Based CRM, Address Book for Small Business: Highrise.
Climate Funds (Climate Funds Update) EU debates climate funding for poor nations | Environment. By Pete Harrison BRUSSELS Mon Mar 2, 2009 7:36pm GMT BRUSSELS (Reuters) - European environment ministers inched toward agreeing how to raise billions of dollars to help poor countries prepare for global warming and to coax them into a global deal to tackle the problem.
But cracks started to emerge on Monday among the European Union's 27 nations on how to split the burden of finance, and whether it would be wise to name a figure early in the game. Success at global talks in December in Copenhagen to find a successor to the Kyoto protocol will largely hinge on whether developing nations can be persuaded to try to curb emissions of greenhouse gases to alleviate a problem they say has been caused by industrialized nations. Europe and the United States are seen as the main donors. "It makes no sense to say now how much the EU is willing to transfer," Germany's Sigmar Gabriel told reporters. "We will negotiate that in Copenhagen. (Additional reporting by Ilona Wissenbach; editing by Andrew Roche) Home (Climate Funds Update) What will the financial crisis mean for philanthropy? - By Georgia Levenson Keohane.
Talk about unfortunate timing. With the global economy reeling from the excesses of Wall Street, Mathew Bishop and Michael Green give us the incredulously titled Philanthrocapitalism: How the Rich Can Save the World. Bishop, the chief business editor at the Economist, first described how the barons of the new economy were revolutionizing philanthropy by applying their business principles—and sweeping ambition—to their charitable endeavors in 2006. Now he has teamed up with Green, an international development expert, to chronicle how this "movement" of philanthropists has "set out to change the world. " The world is indeed changed: This gilded age has come to an abrupt and hard stop, and with it, perhaps, has come a tempering of irrational exuberance about the potential of outsized philanthropists to be, in Bishop's words, "superheroes for solving some of society's problems.
" The influence of the private sector is not limited to new philanthropic entities like Gates and Google. Charitable bodies hit by credit crisis. Welcome to CCPAN — CCPAN. HBACT Website - Home - Application Process. Applications may be made to the correspondent, Mr. P.B. Shone, at any time by letter (not by e-mail). Enquiries prior to any application may be made by e-mail. There is no application form. Applications may be sent at any time and should be accompanied by the latest Report & Accounts of the applicant organisation. If these are very bulky, in the interest of economy they will be examined on the Charity Commission website instead. Applicants should note that, at their main annual meeting, which takes place in the first few months of each year, the Trustees consider applications received up to 31st December the previous year but do not carry them forward. Applications should be addressed to the correspondent by name and sent to the address shown on the contact page.
The Trustees receive a very substantial number of appeals each year. Secure World Foundation. Robertson Foundation. What We Do. What We Do Y Combinator does seed funding for startups. Seed funding is the earliest stage of venture funding. It pays your expenses while you're getting started. Some companies may need no more than seed funding. At Y Combinator, our goal is to get you through the first phase. More Than Money We make small investments (rarely more than $20,000) in return for small stakes in the companies we fund (usually 2-10%). All venture investors supply some combination of money and help. What The questions at this stage range from apparently minor (what to call the company) to frighteningly ambitious (the long-term plan for world domination). Though we fund all types of startups, we're especially interested in web/mobile applications. The second most important thing we do is help founders deal with investors and acquirers. We also get the startups we fund incorporated properly with all the right paperwork, avoiding legal time-bombs that could kill them later.
Format Philosophy Why are we so flexible? Introducing Google Checkout for Non-Profits. Posted by Prem Ramaswami, Product Manager Today, I'm happy (OK, more like ecstatic) to introduce Google Checkout for Non-Profits -- with this launch, U.S. non-profit organizations (IRS-certified 501(c)(3)s) now have an easy way to accept online donations, and donors have a fast and secure way to support their favorite groups.
The best part: it's completely free for the organizations. Through at least the end of 2008, non-profits will pay 0% + 0 cents in transaction fees for each donation they accept through Checkout. And that means donors can support these groups knowing that 100 percent of their donations will reach their charity. Besides being free, Checkout for Non-Profits is designed to make the entire donation and collection process more efficient. To learn more, head over to our Checkout for Non-Profits page, and take a look at non-profits like the William J. Online: BW Magazine.
Private Foundations Should Consider PR Philanthropic outfits increasingly are adopting PR programs to achieve their goals. Here's why some old PR objections are no longer valid. UNICEF: Tapping the Power of Water Philanthropic outfits increasingly are adopting PR programs to achieve their goals. Here's why some old PR objections are no longer valid. The Charity Sweepstakes A battle is raging between three forms of planned giving: private foundations, community foundations, and commercial donor-advised funds.
From Ice Cream to Nuclear Freeze Ben & Jerry's co-founder Ben Cohen heads a nonprofit that wants Congress to shift spending from defense to education. 2006 Rankings — Slate 60 — Slate.