Assets Grew 14% at Small and Midsize Foundations Last Year
Those grant makers distributed 7 percent of assets, mostly to education, human services, and the arts.
By Maria Di Mento
Senior Editor
Pro-Obama Group Trims Staff and Soliciting Ahead of Midterms
Democratic officials had complained that aggressive fundraising by Organizing for Action, the 501(c)(4) advocacy group formed out of President Obama’s 2012 campaign apparatus to marshal support for his agenda, was diverting financial support from the party’s efforts in the looming election, according to the Associated Press.
Mass. Deal With Nonprofit Health Giant Caps Price Increases
The agreement with Attorney General Martha Coakley will allow Partners HealthCare, the state’s largest medical system, to complete two planned acquisitions but limits price hikes across its network to the rate of inflation, reports The Boston Globe.
With $2-Million in Crowdfunding, San Diego Opera Stays Open
Two months after prior San Diego Opera leadership voted to shutter the company, the organization’s reconfigured board said Monday that the opera will remain open and present a scaled-back 50th-anniversary season, U-T San Diego and KPBS television report.
Sept. 11 Museum’s Gift Shop Draws Fire From 9/11 Families
On the eve of the museum’s opening, some 9/11 families are voicing anger over souvenir sales on the site where the remains of hundreds of unidentified victims are interred, The Washington Post and CBS New York report.
Kravises Give Sloan Kettering $100-Million for Cancer Work
Private-equity billionaire Henry Kravis and his wife, Marie-Josée, have donated $100-million to Memorial Sloan Kettering Cancer Center to pursue research into gene-based treatments for cancer patients, reports The Wall Street Journal.
Donors Eye Theater’s Fiscal Health Before Making New Pledge
Comcast Corp. co-founder Ralph Roberts and his wife, Suzanne, the chief patrons of the struggling Philadelphia Theatre Company, have hired arts-management expert Michael Kaiser to assess the organization’s finances and operations, writes The Philadelphia Inquirer.
NAACP Selects Cornell Brooks as New National Leader
Brooks, an attorney and minister, was elected Saturday as the 18th president and chief executive officer of the venerable civil rights organization, replacing Benjamin Jealous, The Washington Post and The New York Times report.
Amazon Pressed to Drop Boy Scouts From Donation Program
The e-commerce giant is facing pressure to eliminate the Boy Scouts of America from a company program that directs sales revenue to buyer-selected charities because of the organization’s ban on gay troop leaders, according to MSNBC.
Humanist Group’s Gifts Forge Ties With Faith Charities
The Foundation Beyond Belief makes regular donations to progressive faith groups in what its leader characterizes as a bid to change misperceptions that views on issues such as same-sex marriage, school prayer, and climate change break along secular and religious lines, The New York Times writes.