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Media questions? Contact Adriene Davis Kalugyer at sopmedia@iu.edu or 317-278-8972.

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First BA philanthropy students Elizabeth Wells (left to right), Arishaa Khan, Hannah Croucher, Brittany Sears, Mark Lighthizer

The first five students to earn a bachelor's degree in Philanthropic Studies will graduate May 13 in Indianapolis. Less than two years after the program was launched, 21 undergraduate students are now officially majoring in Philanthropic Studies.

A new survey of financial managers at mid-size nonprofit organizations reveals gaps in their financial knowledge, even as they grapple with economic challenges. The study was conducted by the Center on Philanthropy at Indiana University to help nonprofits understand and increase their financial knowledge levels and improve their effectiveness. Nonprofits' knowledge, policies and procedures were studied; some results were positive, while others revealed a clear need for financial education.

Members donate and volunteer at substantially higher rates than average population in U.S. and abroad, including for other causes

In nearly 90 percent of high net worth households, women are either the sole decision maker or an equal partner in decisions about charitable giving, according to the Bank of America Merrill Lynch 2011 Study of High Net Worth Women's Philanthropy, released today. The power and influence of women in philanthropy may mean that some charitable organizations will need to adapt their messaging and strategies to appeal to women's distinct charitable giving behaviors and motivations.

Sixty-five percent of charities surveyed report increased demand for their services in 2011, but just 41 percent saw increased fundraising results in the first nine months of 2011 compared to the same period a year ago, according to the Late Fall 2011Nonprofit Fundraising Study, conducted by the Nonprofit Research Collaborative (NRC).