Utah Preschool Program Yields First ‘Pay for Success’ Payout
Goldman Sachs will reap financial gains for funding a Utah program that showed positive results in keeping kids out of special education. It is the first time a U.S. social-impact bond has paid off for the investor, The New York Times writes.
President Apologizes to Doctors Without Borders for Bombing
President Obama promised the global medical charity’s international president, Joanne Liu, a “full accounting” of the circumstances that led to the deadly U.S. airstrike on the organization’s hospital in Kunduz, Afghanistan, reports The New York Times.
Calif. Foundation Pledges $1 Billion to L.A.-Area Nonprofits
Marking its 100th anniversary, the California Community Foundation announced a 10-year, $1-billion commitment Thursday to provide grants, loans, and scholarships to organizations in Los Angeles County, the Los Angeles Times writes.
Schwab Report Shows Where Donors Gave $1 Billion in Fiscal 2015
The donor-advised fund’s first giving report shows that on average donors gave 20 percent of their assets over the past five years.
By Alex Daniels
Contributor
N.Y. Judge Rejects Paul Smith’s College Request to Change Its Name
The college had sought to change its name to Joan Weill-Paul Smith’s College in exchange for a $20-million gift from Joan and Sanford Weill, The New York Times reports.
New Tool Aims to Pinpoint Human Needs to Help Fight Poverty
The new Human Needs Index will track demand for food, clothing, housing, energy, and more to help nonprofits and policy makers implement long-term solutions.
By Eden Stiffman
Senior Editor
Corporate Responsibility Impresses Millennials, Survey Finds
Survey participants also said they thought social media was better for raising awareness than for raising money.
By Rebecca Koenig
Contributor
Grants Roundup: Lilly Endowment Awards $50 Million to United Negro College Fund
Other awards include a total of $3.28 million from the John A. Hartford Foundation to three groups to improve health care for older adults.
By Eden Stiffman
Senior Editor
Pentagon Says Raid on Afghan Charity Hospital Was a Mistake
The U.S. military directly acknowledged Tuesday that it was responsible for the weekend airstrike that killed 22 people at a Doctors Without Borders hospital in northern Afghanistan and called the deadly raid a mistake, Reuters and ABC News report. The global medical charity wants a never-before-used international commission on humanitarian law to investigate the bombing, according to CNN.
Doctors Without Borders Wants Global Body to Investigate Bombing
The medical charity is calling for a little-known international commisssion on humanitarian law established under the Geneva Conventions to investigate the U.S. airstrike that killed 10 patients and 12 staff members at the organization’s hospital in Kunduz, Afghanistan, The New York Times and CNN report.