David Rubinstein Gives $12-Million for Repairs to Robert E. Lee House
The billionaire financier continued his pattern of “patriotic philanthropy” Thursday, pledging funds for extensive repairs at Arlington House, the pre-Civil War home of Robert E. Lee that overlooks Arlington National Cemetery, The Washington Post writes.
Justice Dept. Investigating IRS Loss of Lois Lerner Emails
The inquiry is disclosed in prepared testimony Deputy Attorney General James Cole is to delivery Thursday to a House committee, Bloomberg and The Wall Street Journal report.
Chinese Property Moguls Launch $100-Million Education Fund
Real-estate tycoons Zhang Xin and Pan Shiyi signed a $15-million gift agreement with Harvard University as the first part of a larger endowment to fund scholarships for underprivileged Chinese children to attend elite institutions, The Wall Street Journal reports.
Texas Nonprofit Drops Migrant-Center Plan Blasted by Right
Human-services charity BCFS scrapped plans to convert a resort-style hotel into residential center for migrant children amid criticism from anti-immigrant activists and conservative media, write the San Antonio Express News and Valley Morning Star.
Detroit Museum Gets $27-Million More in Grand-Bargain Gifts
The Detroit Institute of Arts announced Wednesday that it has secured a $26.8-million from nine corporate donors toward meeting its $100-million pledge to the “grand bargain” fund that is key to resolving the city’s bankruptcy case, the Detroit Free Press reports.
2 Pa. Museums to Share Richard Mellon Scaife Collection
The billionaire publisher and Mellon heir, who died July 4, left his extensive art holdings to the Westmoreland Museum of American Art outside Pittsburgh and the Brandywine Museum near the Delaware border, the Associated Press and The Philadelphia Inquirer write.
Corporate Gifts to Restore Roman Monuments Draw Mixed Views
At the urging of Italy’s government, big companies are making major gifts to finance restoration work on the country’s most famous landmarks, but some historians and preservationists fear the largesse will open the door to commercial exploitation of cultural treasures, writes The New York Times.
Ruling Casts Spotlight on Hobby Lobby Clan’s Museum Plan
The New York Times reports on plans by the evangelical Christian family that owns the craft-store chain to open a museum dedicated to the Bible in Washington, D.C.
House Passes Bill Designed to Encourage Gifts to Charity
The legislation would make permanent three tax items that have been regularly extended on an annual basis, as well as lower the excise tax on private foundations.
By Alex Daniels
Contributor
Bank of America Fund Gives $500,000 to Shriver Corps to Fight Poverty
The new group aims to help low-income families achieve financial independence.
By Alex Daniels
Contributor