Search results for: recession

Washington, D.C. - The nation's largest foundations only gave $1 out of $3 to benefit the economically and socially disadvantaged, according to the Criteria for Philanthropy at Its Best: Benchmarks to Assess and Enhance Grantmaker Impact, released yesterday by the National Committee for Responsive Philanthropy.…

By Ian Wilhelm Washington Foundations should spend at least half of their grant dollars to help poor neighborhoods and minorities, a foundation watchdog group here said today as part of a series of recommendations on how grant makers should improve their giving and management. The…

by CLARE ANSBERRY AKRON, Ohio -- Mary Appleby, 76 years old, lost her job in January as a cashier at a courthouse cafeteria here. She is now looking for minimum-wage work. Mary Bennett, 80, began filling out applications for fast-food restaurants and convenience stores after…

by JANE GLENN HAAS It wasn't supposed to end this way. For baby boomers trickling toward retirement, these were going to be the golden years. The good life earned after toiling in some version of the 20th-Century vineyards. A big percentage of boomers envisioned no…

Original Source By NICHOLAS D. KRISTOF, Op-Ed Columnist So maybe I was wrong. I used to consider health care our greatest national shame, considering that we spend twice as much on medical care as many European nations, yet American children are twice as likely to die before…

Original Source By Courtland Milloy In recognition of Black History Month, the Bureau of Labor Statistics has presented a flattering economic sketch of black people in the United States. In this drawing by the numbers, we are seen as a relatively young and hearty workforce…

Original Source By Sean Stannard-Stockton Between the dismal economy, crashing financial markets and the Madoff scandal it would be natural to assume that philanthropy was out for the count. But while these difficulties might take the wind out of the sector's sails for a while,…

by Sally Evans CHARITIES and non-profit organisations (NGO) are in for a rough two years. Economists say organisations that rely on corporate funding will need to brace themselves for a reduction in cash over the next two years at least. This comes a few months…

Original Source By Noelle Barton and Ian Wilhelm The steep decline in the stock market last year triggered an erosion of foundation wealth, with many grant makers losing nearly one-third of their assets, according to a new Chronicle survey of some of the nation’s largest philanthropies. For…

Original Source In a rare, direct push for legislative help, U.S. foundations have been lobbying for a piece of President-elect Obama's $1 trillion economic stimulus package to help ease the pain of billions of dollars in recession-related investment losses, Roll Call reports. According to Rasmuson Foundation vice president Jeff…