Netflix Chief Launches $100 Million Education Foundation
Reed Hastings announced through Facebook on Tuesday the launch of a $100 million education foundation, The Washington Post reports. The first two grants from the Hastings Fund, totaling $1.5 million, will support college access for minority students.
Calif. Couple Pledges $40 Million to Build Nursing School
Bill Gross, a fund manager, and his wife, Sue, announced a $40 million commitment to establish a nursing school at the University of California at Irvine, The Los Angeles Times reports. The school will be named for the couple, who will raise the funds through their William and Sue Gross Family Foundation.
Young-Professionals Network Names Interim Co-Leaders
Efforts to replace the inaugural executive director fell short when the board concluded it needed to better define what it wanted in a new leader.
By Megan O’Neil
Contributor
Judge Approves City Opera’s Bankruptcy Exit Plan
A judge has approved the New York City Opera’s plan to exit bankruptcy and continue performances under an organization led by Roy Niederhoffer, a hedge-fund manager and former board member, The Wall Street Journal reports.
Congress Likely to Float Ideas This Year — for the Next President
Lawmakers and nonprofits see President Obama’s final year as a practice lap for a tax fight that’s expected when his successor takes office in 2017.
By Alex Daniels
Contributor
Fla. Couple Donates $15 Million to Arts Nonprofit in Naples
The Artis–Naples arts complex has received a $15 million donation from a board member and her husband to kick-start the organization’s $50 million fundraising campaign, The Naples Daily News reports. The 8.5-acre campus, which includes performance halls and a museum, will be renamed for the couple.
Owner of Philadelphia’s Major Media Plans Nonprofit Operating Structure
In an attempt to ensure the permanence and stability of Philadelphia’s major news outlets, the owner of the Philadelphia Media Network is donating the company to a foundation he plans to start with an endowment of $20 million, The Wall Street Journal reports.
Clinton Denies Media Report of FBI Public-Corruption Probe Related to Family’s Charity
In an interview with the Des Moines Register’s editorial board on Monday, Hillary Clinton, the leading Democratic presidential candidate, denied a Fox News report saying the FBI, in an expansion of its inquiry into her use of a private email server as secretary of state, is investigating ties between Clinton Foundation donations and State Department contracts that may have violated public corruption laws.
Nonprofits Get Critical Look in New Film on Fighting Global Poverty
A new documentary on the global aid industry says charities sometimes do more harm than good.
By SUZANNE PERRY
Contributor
Visual Artists Support Fundraising to Benefit New Choreography Program
Visual artists are supporting a $3 million fundraising campaign to create a choreography residency program started by the dancer and choreographer Stephen Petronio, The New York Times reports. The artist Anish Kapoor donated a sculpture that is expected to fetch $1 million in a private sale to benefit the new program in Pawling, N.Y.