August 20, 2009, Express-News — In the midst of a major downturn in the U.S. auto industry, the Ford Motor Company Fund announced Thursday that it will give $1.5 million over the next 15 months to San Antonio nonprofits, and $1 million of it to the new Henry Ford Academy: Alameda School for Art+Design.
What do a nonprofit organization that helps low-income families and a used-car lot have in common? In most cases, not much.
WOONSOCKET, R.I., April 30, 2009 — CVS Caremark announced today that $4.2 million in grants have been awarded to organizations supporting children with disabilities and those who are under-insured or uninsured. Ninety-two organizations from around the country have received the grants awarded through its private foundation, the CVS Caremark Charitable Trust, and the CVS Caremark All Kids Can program.
March 31, 2009, San Antonio Business Journal — San Antonio businessman and NuStar Energy LP Chairman Bill Greehey has been recognized internationally for his efforts for being a leader in fundraising and philanthropy.
The American Red Cross says it's on track to erase a $210 million deficit and balance its budget by next year.
Over the past few years, Washington, D.C., has witnessed two explosive nonprofit scandals. In 2005, the board of American University received a letter from an anonymous whistle-blower alleging that the university’s president, Ben Ladner, was abusing his university expense account. A subsequent audit found that Ladner had indeed spent more than $500,000 of university funds on lavish personal expenses, including a $5,000 vacation in London and a $15,000 engagement party for his son. Already concerned about Ladner’s compensation—which was higher than those of all Ivy League college presidents—the board split over whether to reduce Ladner’s pay. The fracas filled newspaper gossip columns for months, sparked a congressional inquiry, and eventually led to Ladner’s termination. The board then required two years to rebuild itself and to name a new president.