Study Raises Questions About Colleges That Go Nonprofit
An education researcher argues in a new report that some commercial colleges that change to nonprofit status behave like “covert for-profits” and generate financial benefits for their backers, The Chronicle of Higher Education writes.
David Rubenstein Gives Duke $25 Million for Arts Building
The financier and culture patron, a 1970 Duke graduate and chairman of the university’s board of trustees, has now given about $100 million to his alma mater, the Raleigh News & Observer writes.
Nonprofits Proliferate but Not the Regulators, Says Report
The number of groups that received nonprofit status tripled in 2014, but 53 percent of state charity offices have not increased staffing since 2008, and 13 percent have thinned their ranks of lawyers, paralegals, investigators, and accountants.
By Alex Daniels
Contributor
Gifts Roundup: $100-Million Gift Goes to Conflict Resolution
Other notable recent donations include $50 million to the University of Florida from the inventor of UV coatings for sunglasses and $45 million for Drexel University.
By Maria Di Mento
Senior Editor
NYU Engineering School Receives $100-Million Pledge
New York University’s Polytechnic School of Engineering will be renamed for finance executives Chandrika and Ranjan Tandon in recognition of the Manhattan couple’s donation, The Wall Street Journal reports.
Doctors Without Borders Leaving Afghan City After Airstrike
The global medical charity said Sunday that it is withdrawing from the Afghan city of Kunduz following the bombing of its hospital there, which left 22 people dead, The New York Times writes.
World Bank Charts Decline in Ranks of the Extremely Poor
The international development lender said Sunday that the number of people living in extreme poverty is likely to drop this year to less than 10 percent of the global population for the first time, the Thomson Reuters Foundation reports.
Penn State Rescinds Honor for Ex-Sandusky Charity Trustee
Following complaints from football fans and alumni, the university pulled an invitation to a former board member of a youth charity founded by convicted child molester Jerry Sandusky to take part in an honorary coin toss at a weekend game, reports the Pittsburgh Post-Gazette.
N.Y. Charities Subpoenaed in Inquiry Into Foundation Spending
Charities headed by two politically prominent Long Islanders have been subpoenaed by New York State’s attorney general in connection with an investigation of a trust administrator’s disbursement of donations, according to Newsday.
Chicago Parks Group Renews Legal Fight Against Lucas Museum
The nonprofit seeking to block movie mogul George Lucas’s planned $300-million lakefront museum in Chicago filed an amended lawsuit Friday, three weeks after a judge warned that a project redesign could render the organization’s previous legal complaint invalid, the Chicago Tribune reports.