Latest Nonprofit business and finance News

AP Exclusive: Black Lives Matter has $42 million in assets

May. 17, 2022 12:57 PM EDT

NEW YORK (AP) — The foundation started by organizers of the Black Lives Matter movement is still worth tens of millions of dollars, after spending more than $37 million on grants, real estate, consultants, and other expenses, according to tax documents filed with the IRS. In a new,...

How the Constitution teaches students to disagree civilly

May. 02, 2022 11:56 AM EDT

The motto for Great Valley High School and its 1,400 students in the Pennsylvania borough of Malvern, about 25 miles west of Philadelphia, is “Creating a new age of learning.” It may be helping create a new age of conversation, too. By all accounts, political...

Program helps Congo families protect endangered gorillas

Apr. 22, 2022 09:06 AM EDT

WASHINGTON (AP) — Decades of conservation efforts have stabilized the population of endangered mountain gorillas in eastern Africa. But the number of Grauer’s gorillas — a less furry, lower elevation-dwelling animal — has declined, largely due to habitat loss and hunting. On...

Program helps foundations fund Black-led nonprofits better

Apr. 20, 2022 14:42 PM EDT

A new effort to help grantmakers change the way they work so they can better support Black-led nonprofits was announced Monday. Abundance is a collaboration between three Chicago-area grantmakers, Chicago Beyond, the Grand Victoria Foundation, and the John D. and Catherine T. MacArthur Foundation....

Inflation hits nonprofits' services, ability to fundraise

Apr. 08, 2022 09:23 AM EDT

Last Mile Food Rescue in Cincinnati started shopping in November for a refrigerated box truck to move perishable donations from food retailers to distribution sites. The purchase would take some of the pressure off overstretched volunteers, who would have to make three or more runs in their cars to...

Community Foundation of Washington County names new director

Apr. 08, 2022 07:10 AM EDT

GREENVILLE, Miss. (AP) — A key nonprofit agency in Mississippi’s Delta region has named a new executive director, The Delta Democrat-Times reported. Melanie Powell was recently named executive director of the Community Foundation of Washington County. Powell brings...

NC audit: Virus business relief program lacks monitoring

Mar. 23, 2022 14:48 PM EDT

RALEIGH, N.C. (AP) — A North Carolina-based nonprofit foundation that received $83 million to lend to small businesses struggling with the COVID-19 pandemic did not create procedures to ensure the public money was used properly, state auditors said Wednesday. The performance audit...

Senators issue bipartisan call to restore donors' tax breaks

Mar. 17, 2022 16:14 PM EDT

Both Democratic and Republican lawmakers called Thursday for restoring the charitable deduction for donors who don’t itemize their taxes, a priority for nonprofits nationwide, but a key senator was noncommittal on the question of whether to support legislation designed to boost payouts from...

Legal services nonprofits aid those struggling to keep homes

Mar. 15, 2022 09:34 AM EDT

Elizabeth Vermillera, a retired pharmaceutical technician, spends her days handing out donated clothes and food to people in Baltimore. Since 1997, she has lived with a Shih Tzu and a fox terrier in a rowhouse that her dad gave her. In 2021, the city notified Vermillera that she...

San Diego homeless residents paid to keep encampments clean

Mar. 13, 2022 17:56 PM EDT

SAN DIEGO (AP) — Homeless residents of downtown San Diego encampments will be paid to pick up trash in their neighborhood as part of a new pilot program. The program was launched by retired attorney Brian Trotier, who for years has been handing out food to people in need as a...