Some University Endowments Tied to Alternative Investments Suffering
Over the past few years, university endowment managers aggressively embraced so-called alternative investments, but with the value of many of those investments falling and no ready market for them, many university endowments could wind up in distress....
Family Health International Receives $18.5 Million to Improve HIV Prevention Services
The grant from the Bill & Melinda Gates Foundation will support the Male Circumcision Consortium in Kenya, which will work to will work to improve and expand voluntary male circumcision services in order to reduce the risk of acquiring HIV....
Corporate America Scaling Back on Charitable Donations
Some formerly generous corporate donors — including Bear Stearns, Lehman Brothers, and Merrill Lynch — have collapsed or been bought, while even companies that are healthy are scaling back on their commitments and pledges....
Hospitals, Universities in New York City Playing Larger Role as Employers
Even as layoffs at major corporations in New York City raise concerns that its economy is shrinking, the city's large nonprofit hospitals and universities are resisting significant cuts and accounting for a growing share of private sector jobs....