Facebook Founder Pledges $100-Million for Newark Schools
Mark Zuckerberg, the billionaire founder and chief executive of the online social network Facebook, is donating $100-million to the troubled Newark, N.J., public school system, The New York Times and Wall Street Journal report.
Clinton Event Produces Support for Road Safety, Clean Water, and Other Global Issues
Road safety, water issues, and religious tolerance drew pledges yesterday from some of the 1,300 business, government, and nonprofit leaders who are participating in this year's Clinton Global Initiative. Plus:
The United Nations is starting a $40-bilion effort to reduce deaths among women and children in the developing world.News From Elsewhere Online
Top Football Bowl Games Accused of Abusing Nonprofit Status
A political-action committee is accusing three annual college football bowls of abusing their tax-exempt status by offering executives extravagant compensation and interest-free loans and doing undisclosed lobbying, the Associated Press writes.GE to Give $50-Million to Urban Health ClinicsGeneral Electric will pump $50-million into community health clinics in cities across the country over the next several years as part of a drive started last year to slow the rapid increase in U.S. healthcare spending, reports Reuters.
Removal of Boston Medical Center Chief Sought by Labor UnionA women's group and a union representing health-care workers are stepping up pressure on trustees of Beth Israel Deaconess Medical Center, in Boston, to fire its chief executive, Paul Levy, following a damaging report by the Massachusetts attorney general, The Boston Globe reports.Top Colleges Take on Big Debt in Wake of CrunchElite colleges are borrowing at unprecedented rates to make up for the plunge in their high-risk portfolios caused by the financial crisis, according to Bloomberg.In the Arts:
Board Chairman Gives $10-Million to Kennedy CenterDavid Rubenstein, chairman of the board of the John F. Kennedy Center for the Performing Arts, pledged $10-million on Wednesday to the Washington institution, Bloomberg and The Washington Post report; plus: The Metropolitan Opera's new ventures, such as movie-theater simulcasts, are producing significant revenue for the organization.
Jewish Grant Agency Reaches Agreement with Overseas Partners
The Jewish Federations of North America has reached a compromise with its two main overseas beneficiaries on the division of grants for international purposes, the Jewish Telegraphic Agency writes.
Investigation Finds High Fund-Raising Tab for Canadian CharitiesHundreds of millions of dollars donated to major Canadian charities are going to professional fund-raising firms, according to an investigation by the Canadian public broadcaster CBC.Advice From the Experts
How Arts Groups Are Faring in the Troubled Economy
Join us on Tuesday, September 28, at noon U.S. Eastern time for a live online discussion about how arts groups are faring in the troubled economy and learn what they are doing to reclaim their stability as they look toward the future.Bolder Giving Series:
Deciding How to Give Away Money
Join us on Wednesday, September 29, at noon U.S. Eastern time when Farhad A. Ebrahimi, a philanthropist, will join us to discuss and answer questions about how he developed his philanthropy and established an environmental foundation.
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