U.S. and Saudi Arabia Put Sanctions on Pakistani Charity
The Treasury Department and Saudi authorities accuse the Al-Furqan Foundation Welfare Trust of funneling money to Al Qaeda, the Taliban, and other terrorist groups under the cover of aid work, The Wall Street Journal reports.
Charity Says N.Y. Heir Squandered Millions Meant for Bequest
United Jewish Appeal is suing over the distribution of a late Manhattan property mogul’s fortune, claiming an heir went on a $3.5 million spending spree with money intended for the charity, writes the New York Post.
U.S. Museums Returning Indian Art Tied to Suspected Smuggler
Institutions in Hawaii, Ohio, and Massachusetts have begun handing over artifacts from India that were obtained from an art dealer who is the target of a major federal investigation of alleged smuggling, reports The New York Times.
Security Nonprofit Reveals Little While Advising Jewish Groups
The Jewish Daily Forward examines the history and workings of the Secure Community Network, a nonprofit that works with U.S. Jewish organizations on security matters and is laying plans to offer its services internationally.
Bloomberg Fund Adds $30 Million to Program for Arts Groups
Expanding its invitational Arts Innovation and Management program, Bloomberg Philanthropies will spend $30 million over two years to provide operating support and management training to small and midsize cultural organizations in Boston, Chicago, Dallas, Detroit, Los Angeles, and San Francisco, Jewish Business News writes.
New $1 Million Prize Rewards Colleges for Economic Diversity
The Jack Kent Cooke Foundation established the $1 million annual prize to recognize institutions of higher learning for success in enrolling and graduating low-income, high-achieving students and gave the inaugural award Tuesday to Vassar College, writes The New York Times.
Philanthropist Ernest Rady Gives $100 Million to UC San Diego Business School
Ernest Rady gave $100 million to the University of California San Diego’s business school, U-T San Diego reports. The gift will help the school more than double the size of its faculty and offer more financial aid to students.
Michael Bloomberg’s ‘Letter on Philanthropy’ Outlines Giving Mission
The former New York mayor plans to focus on partnerships with governments that “embolden” public agencies to experiment and innovate in health, the environment, and other areas, Politico writes.
Arab States’ Aid Giving Heavily Favors Clinton Foundation
The governments of Saudi Arabia, Oman, Qatar, and the United Arab Emirates have donated far more money to the former first family’s foundation than to other large global aid and development organizations, McClatchy reports.
Surprise Gifts From Patriots Owner Buoying Boston Charities
Billionaire New England Patriots owner Robert Kraft is quietly putting an unusually personal imprint on this family’s philanthropy, picking up the mantle from his late wife, The Boston Globe writes.