nonprofit

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At-Risk Owners Pay Big Bucks to Mortgage Modifiers

Some take advantage of patchwork laws, charge for services non-profits offer for free

(Newser) - A growing mortgage-modification industry has cropped up amid the housing bust, the Washington Post reports, charging homeowners thousands to help them negotiate better loans. The problem? Non-profit groups already offer those services gratis. “It is very frustrating to find a homeowner who has paid a for-profit company $3,000...

Big Players Reel in Charity Spending

Drop-off in corporate giving leaves groups scrambling

(Newser) - Charities used to getting much of their money from major corporations and private foundations are feeling the economic downturn, the Wall Street Journal reports. Bill Gates’ foundation plans to give fewer grants next year, and other large donors are honoring existing pledges but refusing to make new ones. “You...

Non-Profit Pharma Puts Cures Over Cash

Institute for OneWorld Health finds cheap, new uses for partially developed meds

(Newser) - Combating diseases that afflict only the poor doesn't plump the profit margins of pharmaceutical companies; now comes one that sets out to do just that as a non-profit, Good Magazine reports. Using grants to look at long-forgotten compounds, fund clinical trials, and distribute affordable meds to the world’s poorest...

Wall St. Disarray Leaves Mess for Nonprofits

Charitable giving suffers as firms fold, merge, cut back

(Newser) - The victims of the Wall Street tsunami aren't all investment bankers and McMansion brokers. Kids with diabetes, residents of low-income housing, and fans of classical music are among those who could take a hit as nonprofits that depend on philanthropy from financial services firms absorb the fallout, the Boston Globe...

Way More Than Just Standing By Her Man
Way More Than Just Standing By Her Man
ANALYSIS
Aug 25, 2008 1:59 PM CDT

Way More Than Just Standing By Her Man

Michelle Obama's public service a boon to Barack's rise

(Newser) - When Barack Obama met Michelle Robinson, she was on the fast track at a prestigious Chicago law firm. As the story goes, Obama took her with him when he left to start a public life, surprising Michelle’s friends and family. But Mrs. Obama’s own entrée into not-for-profit...

SF Meters Will Take Coins for Homeless

City, aiming to cut panhandling, will give change to non-profits

(Newser) - San Francisco’s got a new plan to address panhandling: The city is installing old parking meters in popular begging areas where passers-by can drop their spare change rather than giving it to panhandlers. The money will go to local non-profits to help the homeless, the Chronicle reports. “We're...

Forget the Hype: Most Overrated Careers

Being a cop, lawyer or chef might seem glamorous—but don't be fooled

(Newser) - Cops might look cool on TV, but they do a lot of paperwork off screen. Most chefs churn out the same dishes nightly in assembly-line fashion. Before hopping onto the latest career fad, see US News & World Report's list of most overrated lines of work: 
  1. A great commercial
...

Tech Hybrids Blend Lofty Ideals With Bottom-Line Business

(Newser) - Tech companies that blend social missions with business ambitions are all the rage in Silicon Valley. Called “social enterprises,” they often generate sizable revenue (unlike most nonprofits), that’s then retained and reinvested (unlike most for-profits). Now, an ecosystem of related organizations is emerging, such as specialized legal...

Critics: Nonprofit Hospitals Unhealthily Rich

Tax breaks not paid back in community benefits

(Newser) - Nonprofit hospitals are making more money than for-profit hospitals, and that has many critics wondering why they get such sweet tax breaks, the Wall Street Journal reports. Seventy-seven percent of nonprofits are making money, with at least 25 pulling in more than $250 million a year. Many are spending that...

Wikipedia Weighs Big Questions
Wikipedia Weighs Big Questions
Mar 11, 2008 11:10 AM CDT

Wikipedia Weighs Big Questions

Site struggles with funding, charges of impropriety

(Newser) - Forget dot-com excesses: A piece of printer paper taped to the door and cut-price desks and chairs from eBay and Craigslist are all that distinguish the new San Francisco office of the nonprofit that runs Wikipedia. "We are about as unsophisticated as we could possibly be," its executive...

Wiki's Wales Accused of Inappropriate Spending

Claims he abused his foundation's trust

(Newser) - Jimmy Wales has been hit with allegations that he abused his position as founder of Wikipedia, the San Francisco Chronicle reports. A former Wikipedia employee, Danny Wool, has claimed on his blog that Wales used his Wikimedia Foundation credit card for personal expenses. Meanwhile, a former girlfriend released chat transcripts...

Harvard Offers Middle-Class Parents Help*
Harvard Offers Middle-Class Parents Help*
OPINION
Dec 31, 2007 3:20 PM CST

Harvard Offers Middle-Class Parents Help*

*And pre-empts legislation far costlier for superrich schools

(Newser) - Generosity isn't what's fueling Harvard’s new $22 million giveaway to the middle class—it’s greed, educational consultant Steven Roy Goodman writes in the Boston Globe. Harvard’s giving the extra financial aid as a PR move, hoping to squash brewing legislation that would force universities to spend 5%...

Red Cross Prez Forced Out for 'Relationship'

Link to female worker 'punch in stomach,' says group official

(Newser) - The president and CEO of the Red Cross was forced to resign yesterday for having an inappropriate "personal relationship with a subordinate employee" just six months after he was hired. "This is a huge punch in the stomach," said an organization official. Mark Everson was the Red...

Taxpayers Foot Governator's Travel Frills

Donors get breaks, and maybe access, for funding Arnold's luxury

(Newser) - California Governor Arnold Schwarzenegger travels on private jets and racks up six-figure trip expenses, thanks to the largesse of a shady nonprofit group whose secret donors get tax breaks, the LA Times reports. Watchdogs claim the 501(c)(3) is an abuse of a system intended to reward donations to needy causes.

Edwards Org Tested Meaning of ‘Charity’

Nonprofit not just soapbox, but financial platform for '08 run

(Newser) - After the Kerry-Edwards loss in 2004, John Edwards launched two nonprofits, ostensibly to fight poverty—but one of  them was devoted primarily to keeping Edwards himself in the public eye. The New York Times asks whether Edwards crossed a legal line, using the foundation, the Center for Promise and Opportunity,...

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