News & Articles
The effective management of insurable risk is critical to the financial health of a nonprofit. The traditional lines of insurance of General Liability, Property, Business Auto, Workers Compensation, Directors and Officers and Excess Liability are commonly included in the insurance business plans of nonprofits.
The director of facilities at the Woodruff Arts Center in Atlanta pleaded guilty in April 2013 to embezzling more than $1.1 million from the nonprofit. According to the Federal Bureau of Investigation, former employee Ralph Clark stole the money from the visual and performing arts center by submitting invoices for bogus expenses, picking the checks up in person, and then depositing them into accounts over which Clark had signatory authority.
The Institute for Philanthropy and The Philanthropy Workshop West legally merged to become The Philanthropy Workshop (TPW), effective March 1.
The Walt Disney Company will no longer support the Boy Scouts of America (BSA) after next year due its ban on gay adult volunteers. A memo from Boy Scouts Central Florida Council board President Robert Utsey to leaders and parents announcing the decision was obtained and posted by Scouts for Equality, an organization that seeks to change BSA’s policies on gay members.
Danielle Brigida is frustrated. As senior manager of social strategy and integration at the National Wildlife Federation (NWF) in Reston, Va., she found a social media append the organization recently did to be enormously helpful to her work. But, she said, she’s the only one in the organization who uses it.
John Seffrin, president and chief executive officer of the American Cancer Society (ACS), doesn’t golf. “I have no intention of taking up fishing,” he said. Seffrin’s idea of a good time during his impending retirement is fighting non-communicable diseases around the globe.
Amy N. Danforth was appointed president of Fidelity Charitable®, an independent public charity with a donor-advised fund program. Danforth spent more than five years as senior vice president of marketing and program for Fidelity Charitable, with responsibility for setting and executing strategy for marketing, analytics and research, investments and program management.
A gift from the Charles Stewart Mott Foundation will fund a new faculty chair at the Indiana University Lilly Family School of Philanthropy in Indianapolis, Ind., that will focus on community foundations. It is believed to be the nation’s first chair focused specifically on studying and teaching about community foundations, according to the school.
Three storied Washington, D.C. institutions have begun a process to maintain the historic Corcoran Gallery of Art and its renowned art collection. Definitive terms of the collaboration between the National Gallery of Art, George Washington University (GW), the Corcoran Gallery of Art and Corcoran College of Art + Design will be set in upcoming discussions. An announcement yesterday indicated that the College of Art + Design would become part of GW.
Wells Fargo and its employees had the largest United Way workplace campaign in 2013, contributing $81.3 million, $16.4 million from the company and $64.9 million from employees.