Big Banks Pony Up for $350-Million NYC Housing Fund
New York Mayor Bill de Blasio announced on Wednesday a $350-million loan fund for affordable-housing projects to be financed largely by Citigroup and other Wall Street banks, Bloomberg and The Wall Street Journal write.
Mont. Farmer Leaves $38-Million to 2 Billings Hospitals
Billings Clinic and St. Vincent Healthcare will split the bequest from Paul Metzger, who died in May at age 97, write the Billings Gazette and the Associated Press.
S.F. Council Backs Bigger Wage Hike for Nonprofit Workers
The Board of Supervisors approved a resolution Tuesday to bring pay increases at charities that do work for the city into line with raises for government employees and for-profit contractors, Mission Local reports.
Leader at N.Y. Priest’s Nonprofit Network Faces Larceny Charge
A longtime executive with the Rev. Peter Young’s upstate New York charity organization was arrested Wednesday on charges that she stole more than $1-million in taxpayer funds and approved a phony job for a former state legislator, the Times Union of Albany reports.
Metropolitan Opera Proposes Mediation With Unions as Lockout Looms
The Metropolitan Opera proposed Wednesday that federal mediators be engaged to facilitate contentious talks with the company’s unions in the final hours before contracts expire, reports The New York Times.
U.K. Charity Watchdog Investigating Key ‘Big Society’ Group
The Big Society Network launched by British Prime Minister David Cameron to advance his namesake social effort is under investigation by the regulatory Charity Commission for alleged misuse of millions of dollars in government funds, according to The Independent.
Working Too Much Can Hurt Productivity
In the first episode of The Chronicle’s podcast What’s the Big Idea, Allison Fine interviews the author Brigid Schulze about why work has become overwhelming for so many people and how nonprofit leaders can ease the burden for their staffs.
By ALLISON FINE
Contributor
Nonprofit N.Y. Hospital to Get $1.1-Billion in Sandy Aid
The second-largest Federal Emergency Management Agency award for a single project will be used to repair extensive storm damage at NYU Langone Medical Center and prevent future flooding at the riverfront hospital, The New York Times writes.
Years-Long Case Against Islamic Charity Chief Dropped
An Oregon-based Muslim charity pleaded guilty to tax fraud Tuesday as part of a deal with prosecutors that saw longstanding charges against the organization’s former leader dropped, the Associated Press writes.
Boys & Girls Clubs Spots Take Dark Turn in New Campaign
In a break from past advertising campaigns that featured celebrity testimonials or showed children enjoying club activities, a new commercial for the national youth charity emphasizes the risks kids face on their own after school, writes The New York Times.