Daily News Roundup: Facebook and Foundations Team for News Project
The $14 million venture will back efforts to help people make informed judgments about what they read online. Also, a foundation fires the law firm it shared with President Trump, and a look at how Rockefeller heirs are taking the reins of the family’s philanthropy.
Gifts Roundup: Facebook’s First Full-Time Hire Gives $75 Million to Alma Mater
Also, Intel co-founder Gordon Moore and his wife, Betty, give $50 million for children’s cardiac care, and the family of Amazon head Jeff Bezos donates $35 million for cancer research.
By Maria Di Mento
Senior Editor
IRS Granted Tax-Exempt Status to Nearly 80,000 Groups in 2016
The number of approvals has skyrocketed since the agency introduced a three-page application form for organizations with less than $50,000 in annual gross revenue. Larger groups must fill out a 26-page form.
By Alex Daniels
Contributor
Daily News Roundup: Senate Kills Rule to Protect Planned Parenthood Funding
Also, Hungary’s government targets a George Soros-endowed university in Budapest, and Facebook co-founder Dustin Moskovitz backs a nonprofit that seeks to steer money to charity when entrepreneurs exit their businesses with lucrative payouts.
New Leaders at Nuclear Threat Initiative and San Diego’s Jewish Community Foundation
The Hennepin Theatre Trust and the Hewlett and Cummings foundations also made notable hires.
By ANAIS STRICKLAND
Contributor
Facebook Expands Charity Fundraising Tools for Celebrities and Corporations
The company is also taking a page from the playbook of crowdfunding sites like GoFundMe and expanding its features to allow fundraising for personal reasons.
By Megan O’Neil
Contributor
Daily News Roundup: U. of Louisville Foundation Halts Controversial Compensation Plan
Also, a new tech platform is becoming the favored tool of the anti-Trump movement, and the American Civil Liberties Union is helping to fuel grass-roots advocacy.
New Nonprofit Puts Money Over Mission and Ethics
Some charities should temporarily stop pursuing their missions while they raise enough money to do more, says one of the group’s most outspoken board members.
By Timothy Sandoval
Contributor
Daily News Roundup: Anti-Planned Parenthood Activist David Daleiden Charged in Calif.
Also, a federal grand jury indicts a former Texas congressman accused of steering charitable donations to personal and political use, and Harvard research suggests how companies can gain from boosting customer and employee involvement in corporate giving.
Grants Roundup: $2.5 Million Award Helps NYC Theater Build New Home
Also, three nonprofit newsrooms get $3 million each from the Democracy Fund and First Look Media to pursue reporting projects.
By Maria Di Mento
Senior Editor