Latest Nonprofit business and finance News

Nonprofit to redevelop bank damaged during Floyd protests

Nov. 23, 2021 11:44 AM EST

MINNEAPOLIS (AP) — A Minneapolis bank that was badly damaged during protests over the death of George Floyd is giving the property to a nonprofit developer to build affordable housing, commercial space and a home for cultural organizations. The 2.4-acre U.S. Bank site,...

Defense contractor agrees to repay government $3.5M

Nov. 22, 2021 14:56 PM EST

BOSTON (AP) — A Massachusetts-based nonprofit research company and defense contractor has agreed to pay nearly $3.5 million to resolve allegations that it improperly overcharged the federal government for some U.S. Navy contracts, federal prosecutors said Monday. ...

Some grantmaking changes made during pandemic going away

Nov. 16, 2021 15:10 PM EST

The pandemic spurred foundations to change their grant-making practices in ways long sought by nonprofits, although many philanthropies have already started to reverse some of those changes, according to a new study of nearly 300 grantmakers. The changes sought by...

Charities see more crypto donations. Who is benefiting?

Nov. 15, 2021 17:24 PM EST

As the biggest cryptocurrencies flirt with record high values, they're increasingly becoming bigger sources of revenue for charities. However, the number of charities accepting the virtual currencies, known for their volatility, remains limited. Bitcoin, the world's...

Giving to top charities rose 3.7% in 2020, driven by wealthy

Nov. 02, 2021 14:47 PM EDT

In the wake of the most devastating public-health emergency in a century and the resulting economic uncertainty, Americans provided more charitable dollars to United Way Worldwide than any other nonprofit focused on direct aid, followed by the Salvation Army and St. Jude Children’s Research...

Winchester launching initiative to bolster reading skills

Oct. 31, 2021 09:12 AM EDT

WINCHESTER, Va. (AP) — Local physicians, educators and nonprofits have banded together to bring the national Campaign for Grade-Level Reading to Winchester. “This is an initiative to improve literacy for kids in kindergarten, but with the goal to be at a third-grade...

Groups erase some probation debt in Mississippi, Florida

Oct. 30, 2021 16:08 PM EDT

JACKSON, Miss. (AP) — A nonprofit group and a debtors' union have bought and erased private probation debt for about 20,500 people in Mississippi and Florida, sending letters that told them the news and sharply criticized “abusive debt collectors.” The nonprofit...

Mutual aid groups ponder future of community-based help

Oct. 26, 2021 14:42 PM EDT

More than a decade ago, Erin Barnes came across data that drove home the importance of grassroots, volunteer-led groups. The U.S. Forest Service was trying to document all the groups that maintain green space in New York City, of which there were nearly 3,000 in 2007....

Nonprofit opens to help business owners in Fredericksburg

Oct. 24, 2021 09:07 AM EDT

FREDERICKSBURG, Va. (AP) — When Brittany Henry first started her marketing and communications business, she was a stay-at-home mom with no other job, and her family desperately needed a second income to cover the cost of health insurance. Henry said she approached a...

Woman lives in shack to fundraise for rural housing repairs

Oct. 24, 2021 00:10 AM EDT

AUBURN, Ala. (AP) — For five days, Rev. Lisa Pierce lived out of a shack in downtown Auburn. The makeshift shelter on wheels is big enough to fit a single bed, has no electricity and relies on tarps hanging over the roof and windows to keep out rain. While Pierce has a...