Housing Nonprofits Launch Investment Trust to Buy Properties
A coalition of housing organizations has formed the first real-estate investment trust composed of nonprofit groups as a vehicle to draw financing for low- and moderate-income housing projects, reports NPR.
Some Goodwill Stores May Someday Be Able to Accept Bitcoins
About two-dozen of the charity’s thrift shops may someday have the option of allowing customers to buy secondhand goods using the virtual currency, Bloomberg reports.
Calif. Lawmaker Proposes Huge Boost in State Arts Funding
State Sen. Ted Lieu said Wednesday that he will introduce legislation to pump at least $25-million in taxpayer funds annually into California Arts Council, which would more than quintuple the grant-making agency’s budget, writes the Los Angeles Times.
War on Poverty Story: Nonprofit Career Had Its Roots in ’60s Program
Working for Upward Bound, which helped high-school students go to college, led to antipoverty and civil-rights jobs.
By Marci Levin
Contributor
Foundations Back White House Effort to Aid Minority Men
President Obama will announce a major push Thursday to improve the lives of young men of color, enlisting foundations and businesses to develop strategies to keep minority males in school and out of the criminal-justice system, The Washington Post writes.
Health Law Crimps Calif. Family-Planning Groups’ Budgets
California clinics providing birth-control services are finding their finances squeezed by the Affordable Care Act’s expansion of Medicaid, which could now cover many of their clients and accordingly reduce their revenues, NPR reports.
Larry Ellison’s Foundation Gives $100-Million for Polio Work
The technology mogul’s philanthropy made the first $20-million payment last year on the pledge to the Global Polio Eradication Initiative’s drive to wipe out the disease by 2018, Bloomberg reports.
GOP Senators Push Bill to Delay New IRS Rule on 501(c)(4)s
Senate Minority Leader Mitch McConnell has signed on to legislation introduced by Republican colleagues to push back by a year implementation of Internal Revenue Service restrictions on political activity by “social welfare” nonprofits, reports Politico.
Kansas YMCAs Decry State Bill to Impose Property Taxes
State lawmakers are weighing measures that would withdraw YMCAs’ property-tax exemption and provide tax breaks for commercial fitness clubs, the Topeka Capital-Journal writes.
Stalled Pa. Museum Project’s CEO to Stay On but Take Pay Cut
The board of the National Museum of Industrial History said Tuesday that it will not follow a grand jury’s recommendation to fire the troubled Pennsylvania project’s chief executive but that he will take a “substantial” cut in wages, writes the Allentown Morning Call.