Kresge Fund Commits $20 Million for Early-Childhood Programs
Calling high-quality early-childhood care a key to Detroit’s turnaround, the Kresge Foundation announced a five-year, $20 million effort Thursday to expand and improve programs for kids up to 5 years old, The Detroit News reports.
S. African Fund Manager Gives Control of Firms to Foundation
The namesake founder of Cape Town investment house Allan Gray has turned over controlling interest in the firm and its offshore partner to his family foundation, which could reap tens of millions of dollars a year in dividends to be devoted to charity, Bloomberg and South African newspaper Business Day write.
British Proposal Calls for Private School to Aid Public Schools
Britain’s opposition Labour Party has introduced legislation that would oblige private academies to provide more support for state-run schools in their communities as a condition of their charity status and tax breaks, BBC News reports.
IRS Reverses Course on Controversial Donor-Data Proposal
After hearing a barrage of complaints about privacy concerns, the agency withdrew a plan that would have given nonprofits the option to report donors’ personal information to the agency.
By Alex Daniels
Senior Editor, Foundations
New Leaders at Texas A&M Foundation and the Multiple Sclerosis Association of America
Other personnel changes announced at the Sunlight Foundation and Cygnet Theatre.
By anais.strickland
Contributor
Foundations Applaud White House Gun-Violence Actions
Grant makers and charities think the new executive actions will increase momentum on the issue, but some question why more foundations haven’t joined the fight.
By Eden Stiffman
Senior Editor
Smartphones Grow to Dominate Mobile Giving, Study Finds
Charitable donations made using handheld devices grew by 45 percent from 2014 to 2015, according to online-giving platform Blackbaud.
By HEATHER JOSLYN
Contributor
Walton Foundation Pledges $1 Billion to Back Charter Schools
The five-year commitment matches what the charitable fund headed by heirs of the Walmart fortune has spent to build and support charters over the past two decades, the Associated Press writes.
Court Rules Calif. Can Seek Koch-Backed Group’s Donor List
A panel of federal appeals-court judges said California Attorney General Kamala Harris can demand that the Americans for Prosperity Foundation turn over to the state the contributor information it provides the IRS, Bloomberg reports.
Major Companies Join Fight Against Ga. Religious-Liberty Bills
Some of the world’s largest corporations, including Google and AT&T, have enlisted in an advocacy campaign against Georgia legislation that opponents say would enshrine anti-gay discrimination and make the state an economic pariah, writes the Atlanta Journal-Constitution.