[News 10/10/07] Banks help wealthy give cash away


“A recent boom in charitable giving has created new business for the world’s leading banks, who are now competing to help their wealthiest clients give away money.” Banks can charge fees to manage endowed funds–but are they qualified to do so? (Reuters, 10/9)

“Rockefeller Philanthropy Advisors has announced the inaugural grantees of the Cultures of Giving Fund, an innovative initiative created by the W.K. Kellogg Foundation to empower emerging donor communities – notably the African American, Latino, Asian American, Native American and underserved immigrant communities.” (PNN, 10/8)

Marriott [WG member] Expands Job Opportunities for Disadvantaged Youth Worldwide (Wire, 10/10)

EDUCATION
Center on Education Policy study: No benefit to private schools for low-income children. “New study not only compared students by income levels but also looked at a range of other family characteristics, such as whether a parent participates in school life.” Catholic schools were the exception. Here’s the study. (AP, 10/10)

FUNDRAISING
Wa-hoo…WOAH! U-Va. is trying to raise $1,025,045 per day for the next several years.