Mass. Nonprofit Workers Among Highest Earners
Nonprofit employees in Massachusetts earned some of the highest wages in the country during the recession, outstripping private-sector employees on average, the Lowell Sun writes, citing recently released data from the Bureau of Labor Statistics.
DePauw University Alumnus Gives Alma Mater $20 Million
Among other programs, the donation from trucking magnate Don Daseke and his wife, Barbara, will bolster the DePauw Trust, the university’s endowment to support needy students, according to the Indianapolis Star.
Gates Foundation Further Cuts Fuel Holdings, Selling BP Stake
The Bill & Melinda Gates Foundation has shed all its shares in the British oil giant, a further sign that the world’s largest philanthropy is pulling back from investments in fossil fuels, The Guardian writes.
Head of Music-Education Group Exits Over Race-Tinged Remarks
A national association of music teachers said Wednesday that it has parted ways with its chief executive after he reportedly told a forum on diversity in the arts that Latinos and African-Americans “lack the keyboard skills” to succeed in the field, the Associated Press reports.
Clinton Global Initiative Helped Firm With Clinton Ties
A $2 million commitment announced at the 2010 Clinton Global Initiative supported a green-energy company partly owned by friends of the Clinton family, according to The Wall Street Journal.
Simons Fund Gives $40 Million to Study Origins of Universe
The foundation led by mathematician, hedge-fund billionaire, and science donor James Simons is funding a telescope to search for signs of gravitational waves physicists believe may hold clues to the beginnings of space and time, Scientific American writes.
Powell Jobs Heads Magazine’s List of Philanthropy Leaders
Town & Country named its top 50 philanthropists of 2016, citing celebrities, tech moguls, nonprofit leaders, and others the wealth and lifestyle magazine says “are using money, influence, and family name to change the game in big ways.”
Author Urges a Rethink About Medical Volunteerism Abroad
Lehigh University sociologist Judith N. Lasker says such trips are too often about participants’ bragging rights and sponsoring groups’ bottom lines.
By Rebecca Koenig
Contributor
Hudson-Webber Foundation and Creative Capital Get New Leaders
Plus, new senior fundraisers join the Ronald Reagan Foundation, Chicago’s United Way, and Open Society’s Baltimore office.
By anais.strickland
Contributor
Foundation CEOs Struggle to Boost Mission Investing
The pressure for strong financial returns continues to overshadow efforts to do good by reallocating portfolios.
By Alex Daniels
Contributor