Sen. Grassley Worries Payout Rule for Donor-Advised Funds Would Backfire
In an interview with The Chronicle, the longtime charity critic said he hopes people will do better on their own than with whatever mandate Congress might impose through law.
By Rebecca Koenig
Contributor
Photo of Drowned Syrian Child Spurs Spike in Donations
Intense media coverage of refugees crossing the Mediterranean prompted people to open their wallets, but there are already signs that the impact may be short-lived.
By Megan O’Neil
Contributor
National Geographic Magazine to Become a For-Profit Publication
The change will take place later this year when a $725-million deal closes that will expand 21st Century Fox’s ownership of the magazine, The Huffington Post reports. The National Geographic Society will remain a nonprofit and will still have a stake in the publication.
Grants Roundup: $50 Million From Tyson Foods for Hunger-Relief Groups
Other awards include $20 million from AT&T for education organizations using mobile-earning technology, developing career-readiness skills and work experience, and connecting students with mentors.
By Eden Stiffman
Senior Editor
Newark Debate Goes On as Schools Spend Down Zuckerberg Gift
The Wall Street Journal looks at continuing controversies in Newark, N.J., over how the city and its public-school system have used a ballyhooed $100-million donation from Facebook chief Mark Zuckerberg, which the newspaper says reflect the larger national debate over school choice, performance pay for teachers, and the influence of philanthropic money in education overhaul.
Pay Hikes at Big Endowments Often Outstrip Returns, Survey Finds
Compensation for managers at the biggest college and university endowments frequently doesn’t square with the performance of their funds, according to a Bloomberg survey of wages and raises for top endowment executives.
Feed the Children Fights Texan’s Takeover Attempt
A former lawyer from Dallas is mounting an attempt to wrest control of Feed the Children, claiming the anti-hunger nonprofit is mismanaged and needs “a major housecleaning,” The Oklahoman writes.
Intel Drops $6 Million Sponsorship of Youth Science Contest
After 17 years funding the Science Talent Search, a prestigious math and science competition for U.S. high-school students, the computer-chip giant Intel is ending its support of the contest, The New York Times reports.
Big Gifts for NYU Law, Conn. College, and Hunter College
Property magnate and Miami Dolphins owner Stephen M. Ross has donated $20 million to the New York University School of Law, reports The Wall Street Journal, and Connecticut College announced a like contribution from telecommunications executive Robert Hale, Boston Business Journal writes.
Learning From Zuckerberg’s ‘Naïve’ $100-Million Mistake
Veteran journalist Dale Russakoff discusses what philanthropists should know about the billionaire Facebook founder’s well-intentioned push to transform the Newark, N.J.'s troubled school system.
By Megan O’Neil
Contributor