News & Articles
A yearlong investigation by the office of Montana Attorney General Steve Bullock into author and mountaineer Greg Mortenson’s charity, Central Asia Institute (CAI), found that both Mortenson and CAI’s board had been negligent in their management of the nonprofit. As a result of a settlement between Mortenson, CAI and the office of the attorney general, Mortenson must pay CAI back at least $1 million for personal expenditures such as charter flights and clothing. Bullock distributed his office’s investigative report in a press conference today.
It costs a nonprofit $3.50 for every “like” on Facebook, making Twitter at $2.05 for each follower a relative bargain. And, Facebook and Twitter communities grew by 30 percent and 81 percent at nonprofits during 2011.
After nearly three years of turmoil, Feed The Children in Oklahoma City, Okla., has selected a new president and CEO.
The value of an hour of a volunteer’s time increased about 2 percent during 2011 to $21.79, up from $21.36 in 2010. It is nearly triple the rate from 1980, according to Independent Sector in Washington, D.C.
“Have six months of cash on hand at all times” is one of the recommendations most often invoked by well-meaning observers. It’s the holy grail of financial comfort for many nonprofit managers, the metric that brings color back to board members’ white knuckles, the feel-good threshold for restful nights.
Darlene Kiyan, executive director of Playworks Los Angeles, believes she knows what doesn’t attract would-be employees.
The estate of deceased philanthropist Brooke Astor, which had been contested since her death in 2007 at age 105, has been settled, freeing up nearly $100 million to go to New York charities.
The number 25 isn’t much in some circles. You can’t get a cup of coffee for 25 cents. You’ll spend more than $25 on a decent dinner for two and $2,500 won’t get you a car that starts every time you turn the key.
From California to Pennsylvania, from Wisconsin to Washington, colleges around the country were getting large online donations that turned out to be nothing more than credit card scams.
It was announced with some fanfare recently that the nation’s high school graduation rate improved 3.5 percent from 2001 through 2009 and that 75.5 percent of high school kids graduated in 2009.