$13-Million Funding Round Backs Anti-Poverty Software Firm
A group of investors led by LinkedIn co-founder Reid Hoffman is backing a startup that is developing software for nonprofits and government bodies running anti-poverty programs in developing countries, Bloomberg writes.
Fla. Man Admits $2-Million Theft From Medical Nonprofits
The former executive director of the American Registry of Pathology and treasurer of the International Registry of Pathology faces up to 20 years in prison after pleading guilty to diverting payments to the organizations into a personal account, the Associated Press reports.
New IRS Rule Likely to Make Impact Investing Easier
The agency offers guidance to grant makers just days before Kresge announces it will commit 10 percent of assets to social investing.
By Alex Daniels
Senior Editor, Foundations
Couples Give More to Relief Groups When Wife’s Pay Rises, Study Shows
More of a couple’s giving goes to groups like the American Red Cross and the Salvation Army if the wife’s paycheck grows, but if the husband’s income increases, the more likely recipients are umbrella groups like the United Way.
By Maria Di Mento
Senior Editor
Fraud Alert: Criminals Test Stolen Credit-Card Numbers on Charity Websites
Poorly protected donation pages are a favorite testing ground for cyber thieves, experts say. Credit-card companies put the burden on nonprofits to recoup the costs.
By Rebecca Koenig
Contributor
Bloomberg Helps Launch Website to Improve Coordination in Africa
The site, also supported by the King Baudouin Foundation and the Foundation Center, tracks grant making in Burundi, Democratic Republic of Congo, and Rwanda.
By Alex Daniels
Contributor
Despite Job Gains, Little Movement in Poverty Numbers
Rising employment and higher minimum wages enacted in pockets of the country have failed to make much of a dent in the nation’s poverty rate, the Los Angeles Times reports, citing Census Bureau data released Wednesday.
Clash Flares at Carnegie Hall Under New Chairman Perelman
Seven months into his tenure as chairman of Carnegie Hall’s board of trustees, the billionaire financier and philanthropist Ronald O. Perelman is raising claims of impropriety by the storied music venue’s executive director, according to The Wall Street Journal.
Detroit Museum Promotes From Within to Replace Longtime Head
The Detroit Institute of Arts announced the appointment Wednesday of Salvador Salort-Pons, the museum’s executive director of collection strategies and information, as its new director, president, and CEO, the Detroit Free Press and The Detroit News report.
With Focus on Fundraising, Met Opera Considers Naming Rights
As the Metropolitan Opera edges back into the black, General Manager Peter Gelb tells The New York Times that naming rights for the company’s internationally known opera house could be on the table as it seeks to boost fundraising.