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economy

  • WSJ: Non-profits brace for further slow-down

    The Wall Street Journal today weighed in on how the economy might effect non-profits. The short of it is that they are bracing for the worst. At Covenant House New York, the nation’s largest adolescent-care agency, which serves homeless, runaway and at-risk youths, board members convened Thursday and discussed a possible “doomsday” scenario in case… More ▸

  • UJA-Federation of New York braces for tough times

    The UJA Federation of New York is expecting a difficult year, the organization’s executive vice president and CEO, told me. “We are going to have a challenging year,” John Ruskay told the Fundermentalist in a brief telephone interview Wednesday afternoon, “but we remain confident that our donors will understand, as they have in the past… More ▸

  • What will happen to the Lehman Brothers Foundation?

    I just saw this in the elevator news ticker: It is not clear what will happen to the charitable donations that the Lehman Brothers Foundation makes each year. The foundation tied to the bank that went under Monday annually gives out more than $40 million in charitable donations, including roughly $20 million throughout the United… More ▸

  • Report: American giving between 2001 and 2006 to Israeli organizations outpaced giving to general or

    American giving to Israeli organizations outpaced American giving to general philanthropies between the years 2001 and 2006, according to a Philadelphia-based Philanthropy consulting group, EHL Consulting. EHL studied the 990 forms of 80 “American friends of” organizations that collected money for Israeli groups and institutions over that period. The findings (contained in a set to… More ▸

  • News Brief

    The remains of a city wall of Jerusalem from the time of the Second Temple were uncovered. The recent discovery, made public Wednesday, is part of a year-and-a-half-long excavation under way on Mount Zion. The 2,100-year-old wall was destroyed during the Great Revolt against the Romans that began in 66 C.E. It was previously uncovered… More ▸

  • WSJ blog: Firm says giving by the rich should remain strong

    Giving by individuals who have more than $2 million invested in the stock market should remain strong and could increase in 2008, Crown Philanthropic Solutions told the Wall Street Journal blog The Wealth Report. William Hewitt, the firm’s national marketing chief, said that giving by the mass affluent – those with $100,000 or more invested… More ▸

  • UJA-New York lends helping hand to out of work Wall Streeters

    The New York federation is reaching out to those in the financial services industry who suddenly find themselves out of work, and is trying to help them find jobs. A buddy of mine – who is still well-employed by a major bank – sent me this email from the UJA-NY announcing that the federation has… More ▸

  • News Brief

    Iranian lawmakers condemned an official who said he was willing to be “friends” with Israelis. In a statement signed by 200 parliamentarians Wednesday, Iran’s president was urged to dismiss the official, Vice President for Tourism Esfandiar Rahim Mashai, calling his remarks an “unforgiveable mistake,” the New York Times reported. On Sunday, Mashai repeated his comment… More ▸

  • Non-profit CEO salaries are up

    Despite all the talk that charities are in trouble because of the weakening economy and layoffs at non-profits, it does not yet appear that the people running those organizations are hurting. According to a study released Aug. 1 by Charitynavigator.org, the CEOs of non-profits actually saw an increase in salaries last year. Overall, the average… More ▸