More Small Firms Drop Health Care

This article was written by Dana Mattioli of the Wall Street Journal’s Small Business Section.
Accelerating health-care premiums and sharp revenue shortfalls due to the recession are forcing some small companies to choose between dropping health insurance or laying off workers — or staying in business at all.

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Brandon Thibodeaux for The Wall Street Journal

Sheryl [...]

Gift Annuities Squeezed by Recession

As reported in Philanthropy News Digest.
Although charitable gift annuities, which allow donors to receive regular lifetime payments while making charitable contributions, have grown popular as investors scramble to ensure a reliable stream of retirement income, the economic downturn could cause some charities to have trouble meeting their annuity obligations, the Wall Street Journal reports.
Gift annuities, which are [...]

Picower Foundation Sued by Trustee in Madoff Case

As reported in the Philanthropy News Digest.
The trustee overseeing the liquidation of Bernard Madoff’s assets has sued the West Palm Beach-based Picower Foundation, which was wiped out in the disgraced Madoff’s multibillion-dollar Ponzi scheme, the Associated Press reports.
The complaint, filed in Federal Bankruptcy Court in Manhattan, alleges that the foundation established by Jeffry and Barbara Picower [...]

YMCA to Adopt, Expand National College Access Program

This article comes courtesy of Philanthropy News Digest and a Lumina Foundation Press Release.
“YMCA of the USA to Expand College Access Program for Underserved Populations.”
The YMCA of the USA has announced a three-year grant of more than $5 million from the Lumina Foundation of Education to integrate an existing initiative that promotes college access for underserved youth into [...]

Nonprofits Become Beneficiaries of Politically Questionable Donations

This article was reported in the Wall Street Journal by Elizabeth Williamson.
Charities once refused donations carrying even a hint of scandal, but many now find themselves the unwitting beneficiaries of the nation’s financial scandals and, with the substantial drops in giving in 2008, feel they aren’t in a position to be so selective, the Wall Street [...]