South Korea

SEOUL, South Korea,  July 6, 2009, The New York Times — President Lee Myung-bak announced on Monday that he will donate $26 million, the bulk of his personal fortune, to create a scholarship fund to help bridge a growing gap between the rich and poor in South Korea amid a global recession.

Some 150 yoga fanatics, mats in hand, gathered in the second-floor atrium of the Museum of Modern Art one recent Saturday morning. They were there to “Put the oM in MoMA,” as the invitation read.

Robert Gallucci will be the new president of the John D. and Catherine T. MacArthur Foundation, the Chicago-based organization announced today, in tapping the veteran Washington envoy and educator to head one of the nation's most prestigious philanthropies.

You’ve almost certainly had the meeting. You know, the one about how to survive the crunch, the crisis, the catastrophe — or whatever you want to call it. The meeting where you probably were uncertain about what to do and even about what the impact might be on your organization. Maybe the only thing everyone agreed on was that it’s a difficult situation in fundraising at the moment with few clear answers on how to survive.

America's 102 most outstanding youth volunteers — two from each state and the District of Columbia — were named State Honorees today by The Prudential Spirit of Community Awards, a nationwide program honoring young people for exemplary acts of volunteerism. The awards program, now in its 14th year, is conducted by Prudential Financial, Inc. in partnership with the National Association of Secondary School Principals (NASSP).