charity

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William Opens Up on Loss of 'Mummy'

He becomes patron of child bereavement charity

(Newser) - Prince William makes his first public acknowledgment about the grief he felt after losing his mother in a Daily Mirror essay. "Never being able to say the word 'Mummy' again in your life sounds like a small thing," he writes. "However, for many, including me, it's now...

E! Gave Brangelina Charity Big Bucks, But for What?

(Newser) - E! donated $250,000 to the Jolie-Pitt Foundation last year, but you wouldn’t know it from the cable channel's coverage of Brangelina, Fox News reports. Not only has E! not had the sort of scoops one might expect if it were really paying for access, but the celebrity news...

Philanthropists Cry Foul Over Obama Budget
Philanthropists Cry Foul Over Obama Budget
OPINION
Mar 10, 2009 9:19 AM CDT

Philanthropists Cry Foul Over Obama Budget

Higher taxes, cap on deductions may lead to $4B less in charity

(Newser) - Charity may be a virtue, but in America there's another motivation for philanthropy: generous tax deductions of as much as 35%. Barack Obama's proposed 2010 budget may change all that; not only will it raise taxes on the most wealthy to almost 40%, it will cap charitable deductions at a...

Concert Stirs Reunion Rumors for Beatles

McCartney, Starr will perform on the same stage next month

(Newser) - Paul McCartney and Ringo Starr will take the same stage during a charity concert in New York next month, though perhaps not at the same time. The show's organizers originally reported that the remaining Beatles would play together—it'd be the first time since a 2002 George Harrison tribute—but...

Wiesel: Put 'Psychopath' Madoff in Prison

(Newser) - Author and Nazi hunter Elie Wiesel, who lost $15.2 million in foundation money and a good chunk of his own fortune to Bernie Madoff, railed today against the “psychopath” financier, the New York Post reports. “He should be put in a solitary cell with a screen, and...

Helmsley Cash Doesn't Have to Go to Dogs

Judge nixes late Queen of Mean's mission statement

(Newser) - Leona Helmsley's fortune won't be going exclusively to canine charities after all, the New York Times reports. A judge decided yesterday that the famously prickly late hotelier's instruction in her will that all of her $8 billion go toward helping dogs was not binding, clearing the way for the trustees...

Army Charity Hoards Millions as Veterans Suffer

Army Emergency Relief fund's reserve dwarf its giving

(Newser) - A US Army charity is hoarding tens of millions of dollars while military families face record foreclosures and long deployments, the AP reports. Designed to dole out cash to veterans in financial crisis, Army Emergency Relief has padded reserves with $117 million and given or lent only $64 million. "...

Cutbacks Hit Faith-Based Charities as Need Rises

Slashed state budgets leave programs with reduced funding

(Newser) - The recession has hit faith-based charities hard, threatening to cut off vital services for the sick, poor, and elderly, the Washington Post reports. With state and local budgets strapped for cash, contracts and grants for the groups—including the Salvation Army and Catholic Charities—have been slashed or delayed across...

Nonprofits Are Going Bust, Too
Nonprofits Are Going Bust, Too
Feb 20, 2009 1:26 PM CST

Nonprofits Are Going Bust, Too

More charities and arts groups are filing for bankruptcy during the slowdown

(Newser) - It's not just homeowners and businesses seeking bankruptcy protection in the cooling economic climate: Nonprofit organizations are hurting, too, and some aren't going to survive. With dwindling donations, tight loans, and stagnant state funding, social service charities and arts groups are running up huge debts, reports the New York Times....

Nonprofits Look to Change Rules on Endowments

Meltdown forces tough choice: present survival or future value?

(Newser) - Nonprofits reeling from the market meltdown's impact on their investments are pushing to be allowed to tap endowment funds, many of which are off-limits because they've lost value, reports the Wall Street Journal. At issue is the balance between surviving the current crisis and spending funds that can never be...

UK Forking Over $60M to Bail Out Charities

Nonprofits fear reduced services for homeless, unemployed, families

(Newser) - The British government will bail out the nation's charities with a $60 million lifeline, as experts warned that one in three nonprofits may have to lay off staff, reports the Guardian. While the charities welcomed the bailout, it is far less than the $150 million they requested to maintain vital...

Co-Founder of Habitat for Humanity Dies
Co-Founder
of Habitat for Humanity Dies
OBITUARY
Feb 3, 2009 11:28 AM CST

Co-Founder of Habitat for Humanity Dies

Fuller and his wife dumped riches to live out Christian values

(Newser) - Millard Fuller, the millionaire entrepreneur who gave it all away to help found the Christian house-building charity Habitat for Humanity, has died at 74. His wife Linda says her husband was complaining of chest pains, headache, and difficulty swallowing before his death early today. A global 100-house "blitz build"...

Elton Blings Out iPod for AIDS
 Elton Blings Out iPod for AIDS 
Feb 2, 2009 9:12 AM CST

Elton Blings Out iPod for AIDS

Star sells limited-edition Nanos to raise money

(Newser) - For a mere $568, you can own Elton John’s blinged-out iPod Nano—and even better, your money will be donated to a good cause, the Sun reports. Sir Elton has designed an iPod bejeweled with more than 250 Swarovski crystals and loaded with the star’s greatest hits. A...

Daschle Faces Grilling on Charity Gifts, Apologizes on Taxes

Releases letter of apology to lawmakers for tax mistakes

(Newser) - Already beset with questions about his failure to pay taxes, Tom Daschle will likely also face questions today over whether he received improper gifts from charities, the Wall Street Journal reports. President Obama's nominee for health secretary is reported to have flown with an education charity to a Bahamas retreat...

Downturn Threatens 100K Charities

(Newser) - The economic crisis isn’t just hurting Wall Street executives—it also spells dark times for the charities they once supported, the Wall Street Journal reports. The number of US nonprofits climbed from about 750,000 a decade ago to more than a million today, but watchers say 100,000...

Blago's Wife Axed by Charity

Patti Blagojevich paid $100K as fundraiser

(Newser) - The wife of embattled Illinois Gov. Rod Blagojevich has been fired from her $100,000-a-year job as development director of a Chicago charity that runs a state-of-the-art homeless shelter, reports the Chicago Sun-Times. Patti Blagojevich had been hired to help double the million dollars raised annually by the Christian Industrial...

NY Investigates Madoff Chum in Charity Losses

Nonprofits say Merkin invested millions without their knowledge

(Newser) - New York investigators widened their inquiry into Bernie Madoff's Ponzi scheme yesterday, as claims emerged that a middleman may have defrauded charities of millions of dollars. Money manager Ezra Merkin allegedly invested the money of 15 nonprofits in Madoff funds without their knowledge, reports the New York Daily News. New...

Bill Reaped $100K From Bizman Aided by Hillary

No quid-pro-quo, say both sides

(Newser) - A New York developer donated $100,000 to Bill Clinton’s foundation about the same time Sen. Hillary Clinton pushed for millions in federal assistance that helped the developer, the New York Times reports. Robert J. Congel was building a mall that Clinton supported “purely as part of her...

Lost Soles Clog Miami Highway
 Lost Soles Clog Miami Highway 
Jan 2, 2009 1:23 PM CST

Lost Soles Clog Miami Highway

Police look for charity for shoes that tripped up commuters

(Newser) - Thousands of shoes snarled traffic this morning on a Miami highway, the Sun-Sentinel reports. “It’s not getting better. It’s still backed up,” one official said as crews cleared the unclaimed shoes, which fell from a truck. Police hope to donate the lost soles to charity and...

Madoff May Have Built Ponzi Scheme on Charities
Madoff May Have Built
Ponzi Scheme on Charities
analysis
Dec 29, 2008 7:38 PM CST

Madoff May Have Built Ponzi Scheme on Charities

(Newser) - How did Bernard Madoff keep his Ponzi scheme going for so long? The answer, if true, will inflame even more public rage: He relied on charities, Mitchell Zuckoff writes on CNNMoney. Ponzi schemes often run dry when investors withdraw en masse, but foundations are legally required to spend only...

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