She owns 10.3 million shares in SVMK, the parent company of SurveyMonkey, which she plans to give to her charitable foundation when company goes public. In other articles, the Trump administration will no longer support the U.N agency that assists Palestinian refugees; a $20 million gift to the University of Illinois will include $15 million for a football performance center; Facebook will turn a warehouse in Menlo Park, Calif., into a Community Hub to support nonprofits; plus much more.
Philip and Nancy Anschutz, Quiet but Prolific Philanthropists
The Denver billionaires, worth an estimated $12 billion, give to a wide range of causes including health, education, human services, and LGBT rights.
By Maria Di Mento
Senior Editor
Daily News Roundup: Gates Foundation Changes Approach to Public-School Education
It wants to create networks of schools that will solve problems with the help of experts and then share what works. In other articles, President Trump has privately urged evangelical leaders to help Republicans win in the midterm elections; a $50 million gift will go to research at St. Louis University; and more about nonprofits and sex abuse, nonprofit finances, and the arts.
Grants Roundup: Foxconn Commits $100 Million for Engineering Research
Also, Emory University collects $25 million for Alzheimer’s research, and L.L. Bean gives $3 million to sponsor the National Park Foundation’s Find Your Park campaign.
By M.J. Prest
Senior Editor, Solutions
Job Growth at Nonprofits Is 3 Times as Much as at For-Profits
Nonprofit wages topped $638 billion in 2016, the third largest of any sector in America, according a new study by the Johns Hopkins Center for Civil Society Studies.
By Ariella Phillips
Contributor
Daily News Roundup: $100 Million Gift Will Start Research Facility at U. of Wisconsin-Madison
The donation, from Foxconn, will require matching funds of $100 million to establish the research facility at the College of Engineering. In other articles, Y Combinator will contribute $60 million to study universal basic income; J.J. Watt’s foundation offers details where the $42 million it has raised for Hurricane Harvey relief is going; the founder of Craigslist has given $1 million in unrestricted money to Mother Jones; and more about news and nonprofit innovation and foundations.
A New Critique Raises a Question: Can the Rich Learn How to Save the World?
Winners Take All, a book released today, suggests that the philanthropic elite are doing little to make things better. But wouldn’t it be smart to figure out how they can help, rather than just condemning their actions?
By BENJAMIN SOSKIS
Contributor
Yale Lands $160 Million From Edward Bass, Texas Oil Heir
The alumnus’s money will help the university renovate and expand its natural-history museum.
By Maria Di Mento
Senior Editor
Calling Out Phony Philanthropists
In his new book Winners Take All, Anand Giridharadas says that big donors are often guardians of the status quo that made them rich at the expense of others.
By Drew Lindsay
Senior Editor, Special Projects
Daily News Roundup: Zuckerberg and Moskovitz Are Spending Big on Midterm Issues
The Facebook co-founders are spending millions to get people to vote on housing and criminal-justice overhaul. Other articles include profiles two philanthropists: Ken Langone, founder of Home Depot, and Hamdi Ulukaya, founder of Chobani yogurt; a report on how money raised for Hurricane Harvey relief was spent; an opinion piece about Anand Giridharadas’s new book Winner Take All and an interview with the author. Plus, much more about nonprofit news and about the arts.