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Grantmakers for Effective Organizations Takes on Role with Social Innovation Fund
April 28, 2010; Nonprofit Quarterly | LIt is a promising step that the Social Innovation Fund is involving GEO in all its grantmaker opinion diversity but we would suggest a few additional things that might be done by whomever is involved in organizing the learning from the project.—Ruth McCambridge
L.A. Arts Get Whacked
April 24, 2010; Los Angeles Times | Los Angeles Mayor Antonio Villaraigosa has proposed a “crisis-mode arts budget” in L.A., cutting spending by 24.8 percent, outsourcing public endeavors to nonprofits, and moving already granted funds to cover some of his own earmarks.—James David Morgan
Take Note: Met Opera Taps Endowment to Cover Expenses
April 28, 2010; Wall Street Journal | It’s hard to say how often it happens because few organizations are willing to talk about it when it does, but the Metropolitan Opera of New York City claims it’s not the only institution that’s had to tap restricted funds in its endowment to cover expenses.—Bruce Trachtenberg
Hotel Closes, College Opens, Commenters Growl
April 28, 2010; Worcester Telegram | When a local paper publishes a story about a nonprofit college wanting to buy and renovate a bankrupt hotel in downtown Worcester, Mass., many readers respond with a resounding “no.”—Rick Cohen
From the Annals of Unusual Fundraising
April 27, 2010; News 8 Austin | An Austin-based nonprofit, Mobile Loaves and Fishes, has launched a donation-by-text fundraising campaign to try to get homeless people housed.—Ruth McCambridge
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