New Leaders at the Pritzker Family and VH1 Save the Music Foundations
Personnel changes also announced at the Duke Endowment and the Coca-Cola Foundation.
By ANAIS STRICKLAND
Contributor
Bill Would Expand Incentives for Gifts to Donor-Advised Funds
The bipartisan measure introduced in the Senate on Wednesday would also change the foundation excise tax on net investment income to a flat rate of 1 percent.
By Rebecca Koenig
Contributor
Small Foundations Significantly Boost Giving, Study Says
Grant makers with less than $50 million in assets increased their giving by nearly one-quarter in 2015, according to Foundation Source. The smallest foundations gave away the greatest percentage of their assets.
By Alex Daniels
Contributor
Financier Cohen Pledges $275 Million for Veterans’ Health
Hedge-fund mogul Steven Cohen announced plans Wednesday to establish a national network of mental-health centers for former service members and their families, Bloomberg reports.
Oil Firms That Backed Clinton Foundation Lobbied State Dept.
Major fossil-fuel companies that lobbied Hillary Clinton’s State Department on developing resources from Canada’s oil sands have also donated millions to her family charity, according to International Business Times.
N.Y. Nonprofit Sued Over Chemical Attack on Top Executive
The Queens charity leader who was doused with lye last year in what authorities allege was an attempt to cover up a $750,000 embezzlement is suing the organization’s board, claiming it negligently failed to prevent the assault, the New York Daily News reports.
Quiet Giving Improves Snapchat’s Image in L.A. Community
The image-messaging service is building a philanthropic profile in the beach-side community of Venice, where some locals blame the tech firm for driving up rents and changing the neighborhood’s gritty character, the Los Angeles Times writes.
Big Gifts for Carolinas HealthCare and U. of Toronto
The Leon Levine Foundation donated $25 million to expand cancer care at the Charlotte-based medical network, the Charlotte Business Journal writes, and the University of Toronto received $22.8 million from the estate of businessman Joseph Rotman, reports The Globe and Mail.
Nonprofit Leader Allegedly Attacked in Embezzlement Cover-Up
A New York City charity’s former bookkeeper was indicted Tuesday for what authorities allege was a $750,000 theft and a chemical attack on the organization’s leader aimed at heading off discovery of the scam, reports The New York Times.
New Report Highlights Grant Makers Focused on Global Peace
A study by the Peace and Security Funders Group and the Foundation Center offers what the organizations tout as the first detailed look at foundation contributions to building international peace, stability, and prosperity, the center announced Tuesday.