U. of Houston and Donor’s Heirs Reach Pact on Arena Renaming
The agreement with the family of the late judge and Houston mayor Roy Hofheinz, for whom the campus basketball arena is named, will allow the university to offer naming rights for a planned new sports venue, reports the Houston Chronicle.
Wall St. Scion in Charity-Fraud Case Lays Blame on Gambling
A lawyer for Andrew Caspersen, the former finance executive accused of cheating a Wall Street peer’s foundation of nearly $25 million as part of a larger fraud scheme, said in court Tuesday that his client was driven by a “pathological” gambling addiction, The New York Times reports.
Pope Nixes Argentine Leader’s Gift That Includes Figure ‘666’
Pope Francis turned down a pledge of approximately $1.2 million from President Mauricio Macri to a Vatican-backed charity, in part because the gift amount in Argentine pesos includes the number many Christians associate with the Antichrist, writes The Washington Post.
Grants Roundup: Atlantic Philanthropies Gives $16.25 Million for Cornell Programs
Plus, the Harold Alfond Foundation awards $8.4 million for cancer research and the Carnival Foundation gives $2.5 million for marine conservation.
By Rebecca Koenig
Contributor
Walton Family Foundation Names Consultant as New Leader
Kyle Peterson, a consultant to grant makers and an international-development expert, will head the private family foundation, which has about $2.6 billion in assets.
By Alex Daniels
Contributor
After Orlando Shooting, Nonprofits Respond Rapidly
Florida nonprofits have banded together to set up crisis hotlines, raise money, and communicate with the media and to start planning for the long-range needs of victims.
By Megan O’Neil
Contributor
Crowdfunding Sites Teem With Drives for Orlando Victims
GoFundMe alone is hosting more than 100 fundraising campaigns connected to Sunday’s mass shooting, Slate writes.
White House Women’s Summit Draws $50 Million in Pledges
The Obama administration and a collection of companies, foundations, and other organizations will announce $50 million in commitments Tuesday to support efforts to advance gender equality, according to United Press International.
Trump’s Trail of Charity Promises Draws Media Scrutiny
The presumptive Republican presidential nominee pledged to give to charity all proceeds from a 2009 property-rental deal with Muammar Qaddafi, but there is no evidence he did so, Politico writes in the latest in a series of press reports on Mr. Trump’s promises to donate his profits from various business ventures.
Trump Says Clinton Foundation Should Return Money From Saudis
The presidential nominee demanded in a Facebook post Monday that the Clinton Foundation return millions of dollars in donations it has reportedly received from the government of Saudi Arabia, Politico writes.