Obituary: Patrick McGovern, Publisher and $350-Million MIT Donor
The billionaire tech-media magnate whose 2000 gift led to the creation of the Massachusetts Institute of Technology’s McGovern Institute for Brain Research died Wednesday at age 76, writes The Boston Globe. The cause was not disclosed.
Meyer Foundation Chooses New CEO
The leader of the Washington Area Women’s Foundation will take the helm of the Meyer Foundation, according to the Washington Business Journal.
Museums Courting Young Donors Find Big Generational Shift
Officials at museums of all sizes are worried that young people aren’t prepared to support them with gifts and patronage and are not equipped to assume leadership roles, reports a New York Times piece that is part of a special section on museums.
Contemporary-Art Museum’s New Director Says Change Will Take Time
Philippe Vergne, the new director of the Museum of Contemporary Art, in Los Angeles, plans no immediate changes to the program, writes the Los Angeles Times’s Arts & Culture section.
Show donors that modest monthly donations can help nonprofits make a greater impact.
By TONY MARTIGNETTI
Contributor
Complex Koch Network Cloaks Sources of Election Funds
The sophisticated, far-reaching organization created by billionaires Charles and David Koch takes advantage of nonprofits that can spend money to influence elections but don’t have to name their donors, reports ProPublica.
Utah Campaign-Finance Case Highlights Secrecy of Political Nonprofits
Former Utah attorney general John Swallow, whose campaign allegedly received hundreds of thousands of dollars in hidden donations from payday loan companies, sought to use his office to defend the industry, reports The New York Times.
Gifts Prop Up Memphis Symphony, but Future Still Uncertain
The Memphis Symphony Orchestra will play through its current season, thanks to two $100,000 donations and a series of benefit concerts that have offset a $400,000 shortfall, according to the Memphis Business Journal.
Business Professionals Find Second Careers With Nonprofits
Corporate workers facing layoffs and mandatory retirements are switching to professional and managerial jobs in the nonprofit world, reports The New York Times.
Minn. Nonprofit Boosts Single Mothers From Poverty
A new model in the antipoverty fight seeks to move single mothers and their children up the socioeconomic ladder by replacing a patchwork of government and nonprofit services with a comprehensive package of support, reports The New York Times.