With the recession forcing many businesses and consumers to cut back on spending, nonprofit organizations and philanthropic foundations are also feeling the pinch. A recent report by the Council for Advancement …

The Bill & Melinda Gates Foundation has selected 78 new charitable initiatives in 18 countries, it announced Monday. Each of the 78 causes will receive $100,000 in the most …

According to Muhammad Yunus, a little can go a long way. The Nobel Prize-winning economist is credited with the development of microfinance, in which small loans are given to …