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Buzz is Changing Our World's news and commentary blog, covering the latest stories and updates in the world of philanthropy.

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October 25, 2010

News Briefing: Charities Gain Traction in Marathons

  • As charities gain traction in marathons, many nonprofits benefit.  [New York Times]
  • Lisa Philp of J.P. Morgan Private Bank helps donors find ways to ensure their gifts have the most impact.  [New York Times]
  • Aid workers hope the cholera outbreak in Haiti can be contained.  [CNN]
  • Amid China's economic boom, philanthropy lags.  [Time]

March 02, 2010

News Briefing: Same-Sex Marriage Leads Catholic Charities to Adjust Benefits

  • Employees at Catholic Charities are told that the social services organization is changing its health coverage to avoid offering benefits to same-sex parters of its workers.  [Washington Post]

  • Museums saw a spike in attendance last year, despite struggling financially, according to the latest data from the American Association of Museums.  [Wall Street Journal]

  • A court ruling in the Bernard Madoff case may mean that Carl Shapiro, a Boston philanthropist who reaped $1 billion in profits, may have to return a portion of that money, some of which he had already pledged to nonprofits.  [Boston Globe]

February 12, 2010

News Briefing: Small Fund-Raisers for Victims Start to Add Up

  • Much of the money raised for Haiti in the aftermath of the earthquake has not yet been spent.  [ABC News]
  • Thousands of tiny fundraisers to gather donations for Haiti are taking place in bars, schools, and stores across the country.  [New York Times]
  • Retired Goldman Sachs banker Chuck Harris brings Wall Street capital-raising methods to the nonprofit world.  [BusinessWeek]
  • Reebok founder Paul Fireman sues his longtime accountant, claiming he stole $25 million from Fireman and his charity.  [Associated Press]

December 07, 2009

News Briefing: Charities Rise, Costing U.S. Billions in Tax Breaks

  • The Internal Revenue Service approved 99 percent of the applications it received for public charity status last year, according to a new survey.  [New York Times]
  • Hedge fund managers dominate the boards of many of the city's charter schools and support organizations.  [New York Times]
  • Gates Foundation CEO Jeff Raikes pushes to make big bets on innovation and to focus on projects that get measurable results.  [BusinessWeek]

December 01, 2009

News Briefing: Harvard Ignored Warnings About Investments

  • South Africa will treat all HIV-positive babies and expand testing.  [Associated Press]
  • Through the first half of this decade, advisers told Lawrence Summers that Harvard was being too aggressive with billions of dollars in cash.  [Boston Globe]

November 18, 2009

News Briefing: $500 Million and Apology From Goldman

  • Goldman Sachs is working with Warren Buffett to help 10,000 small businesses with business and management education, mentoring, and access to capital.  [New York Times]
  • The City of Santa Monica is competing with Beverly Hills to become the home for a new museum to house Eli Broad's art collection.  [New York Times]

September 25, 2009

News Briefing: Author Hopes 'Genius Grant' Will Shine on Haiti

  • Acorn files a lawsuit against a conservative activist.  [New York Times]
  • Even small nonprofits, like Family Service of Greater Boston, ventured into the world of high finance.  [New York Times]
  • Oral Roberts University is finally debt-free after a financial scandal tarnished its reputation.  [Associated Press]
  • Haitian-American writer Edwidge Danticat hopes her MacArthur genius grant will bring attention to the wealth of talent in Haiti.  [Associated Press]

May 27, 2009

News Briefing: Holy Land Foundation Organizers to Learn Fate Today

  • Five former Holy Land Foundation organizers will learn their fates today as a federal judge is expected to hand down their sentences in the largest terrorism financing case in US history.  [Dallas Morning News]
  • Hal Smith steps down as executive director of Catholic Charities of Baltimore after 33 years at the charity's helm.  [Baltimore Sun]
  • More than 1,000 hedge-fund managers and financial-services executives will pay $3,000 to attend the 14th annual Ira W. Sohn Investment Research Conference; proceeds will go to cancer research.  [Bloomberg]

March 20, 2009

News Briefing: Salvation Army Struggles With Increasing Demand

  • Many cities with the most need for Salvation Army assistance - such as Detroit and Las Vegas - are having trouble raising funds.  [Associated Press]
  • Officials at zoos and aquariums around the country are freezing or cutting jobs, reducing hours of operation, or eliminating programs.  [New York Times]

February 27, 2009

News Briefing: Elie Wiesel Levels Scorn at Madoff

  • Elie Wiesel, whose charity lost $15.2 million to Bernie Madoff, calls the fraudulent investor a "thief, scoundrel, criminal."  [New York Times]
  • Experts on charitable giving discuss ways donors might give in tough times without putting themselves in financial peril.  [New York Times]
  • Donors and nonprofit groups are in an uproar over the Obama administration's proposal to limit the value of deductions for charitable gifts.  [New York Times]
  • Two money managers are arrested, accused of appropriating funds from Carnegie Mellon University and the University of Pittsburgh, among others.  [New York Times]
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