Money From Sale of Seattle Seahawks Will Go to Paul Allen Foundation: Daily News Roundup
No sale is imminent, but a report says that potential buyers are preparing to bid on the team and the sale “could set a record.” In other articles, the Chan Zuckerberg Initiative has given $200 million to the Silicon Valley Community Foundation; contributions to the Clinton Foundation have dropped for the third year in a row; the Washington Post looks at how the Southern Poverty Law Center defines hate; and more news and articles about big donors and gifts as well as ideas and innovation.
Value of Donor-Advised Funds Soars Above $110 Billion
Grants made from funds to charity totaled more than $19 billion in 2017, an increase of nearly 20 percent over the previous year, according to the National Philanthropic Trust.
By Alex Daniels
Contributor
Boston U. Gets $25 Million: Gifts Roundup
Five other universities, the Dallas Museum of Art, and the Semper Fi Fund all received big donations.
By Maria Di Mento
Senior Editor
Harvard Medical School Gets $200 Million to Speed Up Research: Daily News Roundup
The money will go, in part, for data science and a lab space for biotech startups. In other articles, the Silicon Valley Community Foundation’s new CEO has been an executive with Arizona State and Stanford universities; and the Catholic Church has a history of moving priests accused of sex abuse into non-English-speaking immigrant communities, according to legal documents from child-abuse settlements that took place decades ago. Plus, more news.
Fighting Poverty With Fingerprint Technology (Podcast)
Toby Norman, co-founder of Simprints, explains how the organization’s biometric fingerprint technology is increasing the effectiveness and transparency of delivering aid.
New CEO Named at Silicon Valley Community Foundation, Plus More People News (Transitions)
Also, Patty Stonesifer, president of Martha’s Table and former CEO of the Gates Foundation, will retire next summer, and the former head of the Make-a-Wish Foundation will become CEO of Genesys Works.
By M.J. Prest
Senior Editor, Solutions
Ex-Congressman Gets 10 Years for Stealing Charity Gifts: Daily News Roundup
Steve Stockman of Texas was found guilty of stealing hundreds of thousands and using it for personal expenses and his political campaigns. In other articles, a donor has withdrawn $25 million from a performing-arts center because its plans for expansion didn’t fit with his philanthropic priorities; a longtime CEO of a Louisiana hospital foundation has been fired after a third-party investigation found “a pattern of forgery and embezzlement of funds”; and more nonprofit news.
Home Depot Foundation Commits Additional $250 Million to Aid Veterans
The foundation has already spent $250 million since 2011 to help veterans facing homelessness, fund efforts to build and improve ex-warrior’s houses, and other programs.
By Timothy Sandoval
Contributor
One Third of Foundation CEOs Are Reluctant to Disclose Failures, Report Says
A similar percentage said they feel pressure from their board of directors to withhold information about failures, according to the report from the Center for Effective Philanthropy.
By Julian Wyllie
Contributor
Election Results May Give Charities a Shot at Tax-Law Changes
One immediate goal is to delay new taxes on nonprofit employee fringe benefits, and some see a shot at reopening the debate on letting all taxpayers deduct their charitable giving.
By Alex Daniels and Julian Wyllie