Wednesday, May 26, 2010

Oprah's Angel Network to Dissolve

In 1998 Oprah Winfrey created the Angel Network and began soliciting donations from the public.  The organization received more than $80 million from 150,000 donors and in turn awarded grants to hundreds of organizations.  The organization's website has announced that it has stopped accepting new donations, and the website now directs donors to other organizations.  The website says that the organization will dissolve after making its final distributions.  The announcement notes that Oprah "remains deeply committed to philanthropy" and will highlight charitable organizations on her cable network.

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http://lawprofessors.typepad.com/nonprofit/2010/05/oprahs-charity-to-dissolve.html

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