Longtime Carnegie Hall Trustee Named Acting Board Chair
Mercedes T. Bass, an arts patron who has served on the Carnegie Hall board since 1989, was elected Thursday to temporarily succeed Ronald O. Perelman, who stepped down after a stormy eight-month tenure as chairman, The New York Times reports.
$341-Million Bond Sale Backs Motion Picture Academy Museum
The Academy of Motion Picture Arts and Sciences’ offering will help finance construction of the nonprofit’s planned museum of cinema in Los Angeles, Reuters and The Hollywood Reporter write.
U.S. Olympic and Paralympic Committee Creates Donation Registry to Support Athletes
Donors can give by “buying” items like $100 running shoes, a $1,000 indoor rowing machine, or $15 swim goggles to support athletes. The items are symbolic of what it takes for a U.S. athlete to train for the Olympic stage.
By Eden Stiffman
Senior Editor
Chicago Grant Maker Promises More General Operating Support
Head of the Chicago Community Trust takes aim at burdensome grant-reporting requirements and announces a focus on inequality in the city.
By Rebecca Koenig
Contributor
Family Foundations Give Less to Social Justice Than Other Grant Makers Do
Donating to a cause so often considered a political “third rail” worries family philanthropists, says a new study.
By Megan O’Neil
Contributor
AARP Foundation Launches Impact-Investing Program
The philanthropic arm of the advocacy group seeks $70 million for projects aimed at helping older Americans.
By Alex Daniels
Contributor
September a Record-Setting Month for Donations for Refugee Crisis
Organizations report a major spike in giving to a humanitarian crisis previously ignored by donors, but needs still grossly outstrip resources.
By Megan O’Neil
Contributor
$20-Million Bequest Creates Charity Fund at Va. Foundation
A retired tobacco executive has left $20 million to the Community Foundation Serving Richmond and Central Virginia to establish a fund supporting a host of community groups and initiatives in the region, writes the Richmond Times-Dispatch.
Swelling College Endowments Draw Scrutiny on Capitol Hill
A New York congressman is drafting legislation that would require institutions of higher learning to steer a portion of their investment earnings into tuition relief as a condition of maintaining their endowments’ tax-free status, Bloomberg Business reports.
House OKs Special Panel to Investigate Planned Parenthood
The House of Representatives voted Wednesday to convene a “select investigative panel” to examine the women’s-health organization’s handling of fetal tissue, USA Today reports.