National HealthCare Corp. executives have run the numbers on last week's broad legal settlement with two nonprofits. The operator of nursing homes will pay more than $6.6 million to the receiver for ElderTrust and SeniorTrust and its final tab comes to $4 million pre-tax, $2.5 million after taxes.
Attorney Todd McKee and entrepreneur Kevin Goughary have launched ToolLife to collect donated tools and distribute them via nonprofits to those farmers and workers in developing nations.
The start of the nonprofit — read more here — coincides with a Cumberland Transit-sponsored event to be held tonight. (Get event info here.) The initiative is part of a larger effort that aims to collect outdoor gear and equipment to be used by volunteer Brazilian firefighters. ToolLife is working with Cumberland Transit to make the overall effort a success.
McKee (pictured) is with McKenzie Laird PLLC and is known for his legal work with nonprofits. Goughary is recognized for his past work with Soles4Souls.
Nashville’s Thistle Farms has snagged a $200,000 grant from The Bank of America Charitable Foundation. The Neighborhood Builder award is given to high-performing nonprofits that have made a significant impact in the community working in the bank’s priority funding areas of housing, jobs and hunger relief.
Thistle Farms is a nationally renowned social enterprise of women who have survived prostitution, trafficking, addiction and life on the streets. The women produce and sell body care products and use the proceeds to train and permanently employ residents in the program. Profits also pay for their housing, food, medical and dental treatment, therapy, education and job training for two years.
“By recognizing Thistle Farms as a Neighborhood Builder we know they are poised to make an even greater impact in our community, moving more women from streets and jail to jobs and financial independence,” said John Stein, Tennessee president, Bank of America in the release.
Becca Stevens, executive director of Thistle Farms, said the money will provide eight new jobs that will be used to provide workshops to communities nationwide and help the group establish a sewing studio and a new eatery called Thistle Stop Café.
According to the Bridgespan Group, Neighborhood Builders is the largest investment in nonprofit leadership development. It's 2.5 times bigger than the next largest program (in spending) and the third-largest in number of leaders served.
Neither Thistle Farms nor Magdalene, its long-term treatment program for the women, uses state or federal funding. Seventy percent of residents are leading healthy and sober lives two and a half years after beginning the program. The organization’s projected budget for 2013 is about $1.3 million, according to Giving Matters.
The Community Foundation of Middle Tennessee announced Thursday $784,569 in grants to Davidson County nonprofit organizations as part of its annual grantmaking process.
The foundation, which works with nonprofits in 40 Middle Tennessee counties, in 2012 distributed more than $1.3 million to 273 nonprofit organizations throughout 29 Middle Tennessee counties.
“The Community Foundation is honored to connect generosity with need through these annual grants and others throughout the year, but we couldn’t have an impact without the accomplished nonprofits offering solutions to our community’s needs and vital services to our neighbors,” Ellen Lehman, Community Foundation president, said in a release. “Thanks to the generous support of our donors, we are able to invest in the solutions to Middle Tennessee’s emerging needs and opportunities.”
Read more here.