Donor Retention at 60 Percent for Small and Midsize Charities, Survey Says
The study also showed that those nonprofits raised an average of 34 percent of their revenue from individual donors.
By Eden Stiffman
Senior Editor
Report Sees Fiscal 2016 Losses for College Endowments
New figures indicate college and university investment funds lost about three-quarters of 1 percent in the year ending June 30, the worst performance since the recession year of 2009, Bloomberg writes.
D.C. May Revisit Payments in Lieu of Taxes for Colleges
Georgetown, George Washington, and other universities in the District hold property that would have added $111 million to city coffers were it not nonprofit-owned, The Washington Post writes.
Ronald Lauder’s Gallery May Hold Work Looted by Nazis
The philanthropist and cosmetics heir, who has helped lead global efforts to track down art plundered by the Nazis and return it to Jewish owners, is stepping up efforts to establish the provenance of works in his Manhattan museum, writes The New York Times.
Website Offers ‘Reparations’ Exchange to Aid People of Color
A new website is offering a novel way to tackle racial injustice, and a new twist on the debate over how to compensate its victims, by providing a forum for white people to offer everyday services to people of color, reports The Washington Post.
Watchdog Nonprofit Unveils Database to Trace ‘Dark Money’
The Center for Public Integrity launched a new online tool Tuesday aimed at shedding light on the flow of funds coursing into political campaigns via nonprofits that are not required to identify donors.
Grants Roundup: Joyce Awards Back Great Lakes Ecology and Gun-Safety Work
Also, the Fund II Foundation commits $48 million over five years to the United Negro College Fund to support STEM scholarships.
By Rebecca Koenig
Contributor
Black Live Matter Groups Issue Call for Reparations
Demands that African-Americans be compensated for historical wrongs and that the death penalty be abolished were part of a six-point platform released Monday by more than 60 organizations connected to the national racial-justice movement, The New York Times writes.
Suit Alleges Drug Firm Made Gifts to Secure Medicare Money
A whistle-blower lawsuit accuses pharmaceutical company Celgene of donating to and colluding with two large patient-assistance charities to get more Medicare patients to use its drugs, in violation of a federal antikickback law, Bloomberg reports.
San Francisco Museums’ Head Casts Doubt on Reports of Exit
Bay Area philanthropist and socialite Diane “Dede” Wilsey indicated she might not give up her roles as CEO and board president of the Fine Arts Museums without a fight, according to The New York Times.