Philanthropist, banker and developer Michael Towbes dies at 87
Updated at 10 a.m. April 14: Michael Towbes, the tri-county region’s most prominent philanthropist, banker and real estate developer, whose influence spanned nearly six decades, died April 13. He was 87. “He passed away early this morning, surrounded by family, in peace,” said Towbes Group President Craig Zimmerman, in an email to the Business Read More →
Towbes giving up reins at Montecito Bank & Trust
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Attorney general confirms VCCF’s improper use of funds
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Tri-county nonprofits weigh impact of budget, tax cuts
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Tri-county nonprofits need to adapt, innovate
By Charles Maxey and Linda Kimbrough Trump administration budget proposals should be sending early warning signals to the nation’s nonprofit organizations. The anticipated reductions in federal and, therefore, state spending will adversely impact many populations served by charitable organizations. At the same time, the need for services continues to rise. Nonprofit Finance Fund’s 2014 study Read More →
PathPoint CEO Cynthia Burton retiring
After 23 years as president and CEO, Cynthia Burton announced March 27 that she will retire from PathPoint in the summer of 2017. Burton spent seven years with organization, which provides training and support services to people with disadvantages or disabilities, before assuming the role of CEO in 1994. Since then, PathPoint has expanded to Read More →
AG’s report details improper use of funds by Ventura County Community Foundation
Story updated at 11:16 p.m. March 24: The Ventura County Community Foundation improperly used $3.8 million of endowment funds earmarked to support VCCF’s operations and made improper, over-investment of permanent funds into money market accounts, according to the California Attorney General’s office. The VCCF voluntarily released the information on March 23. “Though the AG did Read More →
