 Headlines
OMB Watch Posts Recommendations for Strengthening
Nonprofit Sector
Aspen Institute Releases Statement on Nonprofit
Advocacy Role
Robin Hood Foundation Honors Heroes in Fight Against
Poverty
More Dot-Commers Seeking
Nonprofit Jobs
Falling Stock Market Begins to Affect Charities
Cause-Related Marketing Catches on During Holiday
Season
New Report Grades States on College Opportunities
World Health Organization and OSI Launch Health Network
for Developing World
International Trachoma Initiative Expands Efforts
British University to Establish Research Center on
Corporate Social Responsibility
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PHILANTHROPY NEWS DIGEST
Sam Huey, who earns $80,000 a year working as the business
administrator for the Menlo Park Presbyterian Church,
joined the trend a year ago when he left his $250,000 a
year job at Internet portal Lycos, Inc. Huey, who became a millionaire
through his stock options, believes the move was a healthy
one. "I felt that after my success at Lycos, it was time
to redeploy myself and serve the church community by
bringing my business and leadership skills to work here."
According to the Journal, as more nonprofit organizations
move online, they are able to offer Internet executives
and technology administrators relatively competitive
salaries and technology-focused work.
Other dot-com employees have traded in their jobs for
positions in the nonprofit sector as a result of
dissatisfaction with the for-profit world's emphasis on
stock options and profitability. Jason Willett left his
job at e-commerce site Petstore.com after two days during
a period last January when the now-defunct company's stock
was doing well and opted instead for a position as
director of communications for San Francisco-based
Volunteermatch.org, a nonprofit organization that helps
match potential volunteers with community service
opportunities at charities and nonprofits. Says Willett,
who abandoned 15,000 unvested stock options when he left
Petstore.com, "I didn't know anything about 'vesting'
anyway."
Dunham, Kemba J. "Dot-Commers Go Where Profits Truly Don't
Matter." Wall Street Journal 12/5/2000, p. B1, B16.
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