June 29, 2010

X Prize Foundation Announces $10 Million Oil Disaster Cleanup Challenge

Fast Company

By Ariel Schwartz
The X Prize Foundation announced that it will begin soliciting ideas for plugging the Deepwater Horizon oil well that’s leaking into the Gulf of Mexico. Speaking Monday at the TEDxOilSpill conference in Washington, D.C., X Prize Foundation Vice President of Prize Development Francis Béland said the group was looking at the possibility of launching a competition aimed at putting an end to the disaster.
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Foundation Investments Have Been Profitable

Muskogee Phoenix

By Liz McMahan
The City of Muskogee (COM) Foundation has financially outperformed any of the other community foundations overseen by Frank Merrick, he said last week. The Muskogee group didn’t receive its money soon enough to have any of the 2007 and 2008 downturn in the economy and captured all of the 2009 upturn, he said. Merrick is executive director of the COM Foundation as well as several other foundations he oversees in his Communities Foundation of Oklahoma.
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Community Foundation News from Across the Country

Philanthropy News Digest

A roundup of community foundation news from across the country is presented in a state-by-state format.
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How to Vet a Charity

Wall Street Journal

By Jonelle Marte
Advice for researching nonprofits that host Summer volunteer opportunities. Ken Berger, president of Charity Navigator, advises checking an organization’s financial health readers are investing volunteer hours in “an organization that is going to be here tomorrow.” Charity Navigator evaluates 5,500 charities based on how much they spend on programming versus overhead costs. It also looks at a group’s working capital, savings and revenue growth over time, among other criteria.
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It’s a Philanthropy Thing

Crain’s New York

By Miriam Kreinin Souccar
When New York investment managers Fiona and Stanley Druckenmiller last year gave $100 million to NYU Langone Medical Center to establish a neuroscience unit, the donation failed to make headlines. And when the couple, who donate generously to organizations that fight poverty and cancer, turned up as the No. 1 giver of 2009 on The Chronicle of Philanthropy’s annual list, many in the city’s nonprofit world wondered, “Who?”
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Tue, June 29 2010 » Other

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