In case you missed it, here are some of the charity headlines making news this week:
- The American Red Cross announced earlier this week that its national disaster relief fund has been fully depleted, and the organization will begin taking out loans to help those impacted by flooding in the Midwest.
- An advisory committee to the IRS warns the agency to be cautious in its efforts to promote good governance by charities.
- Rising gas prices are having an unforeseen impact on charities, as organizations in South Florida are experiencing reduced volunteer forces.
- Fortunately, generous donors continue to give despite fears of recession, with gifts from the Mellon Foundation, the Gates Foundation, and steel magnate Cyrus Tang, along with other Chinese-Americans, making the news.
- A new study finds that baby boomers across the country are seeking “encore careers” at nonprofit organizations as they look for ways to stay active and challenged in the work force.
- Celebrities Steve Carell, LeAnn Rimes, Charles Barkley, and Paul McCartney show their support for their favorite causes with a variety of events and auctions.
- And lastly, we mourn the loss of philanthropist Stewart R. Mott, whose philanthropy included various interests ranging from birth control to research on extrasensory perception.