Mich. and N.Y. Funds to Help Foundation Donate $1.4 Billion
The Ralph C. Wilson Jr. Foundation tapped the Community Foundation for Southeast Michigan and the Community Foundation for Greater Buffalo to help guide grant making as it spends down assets over the next two decades, The Detroit News writes.
Feud Over Mining Mogul’s Fortune Could Yield Charity Bonanza
Australia’s richest person could contribute half her estimated $10 billion fortune to charity as part of a deal under discussion to end a bitter legal fight with her children, News Corp Australia and the Daily Mail write, citing The Australian newspaper.
Judge in IRS Case Says Tax Agency Slow to Provide Documents
A U.S. District Court judge hearing a case involving the Internal Revenue Service’s alleged targeting of conservative groups threatened contempt-of-court charges Wednesday against IRS Commissioner John Koskinen over the agency’s response to document demands, reports The Wall Street Journal.
Bank’s Clinton Foundation Giving Rose After State Dept. Deal
Swiss bank UBS AG significantly increased donations to the Clinton Foundation after then-Secretary of State Hillary Clinton helped broker a 2009 settlement of the bank’s battle with U.S. regulators over disclosure of secret accounts, according to The Wall Street Journal.
Government Audit Finds Big Losses at Nonprofit Health Co-Ops
The nonprofit insurers established with federal loans under the Affordable Care Act to offer health coverage through government-run exchanges lost tens of millions of dollars last year, and most fell short of enrollment goals, the Associated Press reports, citing an audit by the Department of Health and Human Services’ inspector general.
Boeing Commits $20 Million for Kennedy Center Expansion
The aerospace giant’s contribution supports a $100-million makeover for the Washington performing-arts center and its grounds, reports The Washington Post.
Pa. Congressman Indicted for Corruption Involving Charity
U.S. Rep. Chaka Fattah was indicted Wednesday on corruption charges that include alleged theft of charitable funds, NPR reports.
Grants Roundup: $10M to Ohio State for Aviation and Research Facilities
Other gifts go toward an equine teaching hospital, AIDS research, fighting racism, creating new dance works, and more.
By Eden Stiffman
Senior Editor
‘Reverse Peace Corps’ Trains Nonprofit Leaders From Abroad
The Washington Post writes about the Atlas Service Corps, a D.C.-based organization that brings young nonprofit leaders from around the world to the United States for a year to network and develop new skills to apply in their work back home.
Justice Dept. Faults Auditing Firm on Big Brothers Big Sisters Assessment
The U.S. Justice Department’s internal watchdog is seeking an ethics review of PricewaterhouseCoopers over what the agency termed “extensive deficiencies” in the auditing firm’s assessment of grant compliance by Big Brothers Big Sisters of America, reports Reuters.