Ex-Official at Newark Water Nonprofit Admits Corruption
A former manager of the nonprofit agency that oversaw the New Jersey city’s water supply pleaded guilty Monday to federal charges involving nearly $1 million in kickbacks from contractors, Bloomberg reports.
Elections and Economy Offer Challenges to Fundraisers in 2016
The public can be distracted as the candidates’ rhetoric heats up, experts say, but this year’s outlook also reveals that retiring boomers offer opportunities for new support.
By HEATHER JOSLYN
Contributor
Walmart Heirs Make $407 Million in Year-End Gifts to Trust
Siblings Alice, Rob, and Jim Walton collectively donated 6.7 million shares of Walmart stock to a trust formed earlier last year to fund the family’s philanthropy, Fortune writes.
Alphabet Executive to Donate $148 Million From Startup Sale
Diane Greene, a director of Google parent company Alphabet, plans to give her proceeds from Alphabet’s purchase of her cloud-computing firm Bebop Technologies to a donor-advised fund, The Wall Street Journal and VentureBeat report.
Common Core Fight Embroiled Big Donors and Top Executives
Fortune examines the roles big business and big philanthropy played in developing the Common Core standards for public-school curricula and how they responded when the widely adopted guidelines sparked a largely conservative-led backlash.
N.J. Hospital Group Backs Plan for Fees in Lieu of Taxes
The New Jersey Hospital Association, which represents the state’s 62 nonprofit hospitals, endorsed legislation that would require the medical centers to make annual payments for local government services, reports the Press of Atlantic City.
Ex-Field Museum Employee Acknowledges $410,000 Theft
The 11-year staff member admitted in federal court Monday to stealing hundreds of thousands of dollars from the Chicago natural-history museum by pocketing cash payments by visitors, the Chicago Tribune reports.
Obituary: Ted Stanley, $650 Million Mental-Health Donor
The Connecticut businessman’s July 2014 gift to the Broad Institute to study psychiatric disorders is one of the largest donations ever for scientific research, the Associated Press and The Boston Globe write.
Meeting the Need for Cheaper Medical Devices
D-Rev produced a high-quality prosthetic knee for $80 and developed an ultra-low-budget device to treat jaundice.
By NICOLE WALLACE
Features Editor
‘Warm Your Heart’ Appeal Wins Over Alaskans
A study found that a fundraising message designed to make people feel good about giving outperformed one appealing to a sense of social responsibility.