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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. View Full Image Brandon Thibodeaux for The [...]
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, [...]
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 [...]
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 [...]
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 [...]
