MacArthur Honors 9 Nonprofits for Their Creativity
The grant maker is giving up to $1-million to groups focused on campaign-finance transparency, human rights, and citizenship.
By SUZANNE PERRY
Contributor
College Endowments Grow Bearish on Alternative Investments
Major college and university investment funds are trimming their reliance on alternative assets like hedge funds and private equity, retreating from a strategy that got the financial world’s attention by drawing big gains before the recession, according to Financial Times.
N.Y. Nonprofit Ousts Legal-Aid Lawyers Over Anti-Police Video
The two lawyers were forced to resign from city-funded Bronx Defenders after appearing in a rap video that called for killing police officers, reports The New York Times.
Philadelphia Schools Group Pledges $35-Million for More Charters
The nonprofit Philadelphia School Partnership says it wants to “take cost off the table” as city education officials weigh applications for new charters that could enroll up to 15,000 students, The Philadelphia Inquirer writes.
September Opening Set for New Broad Museum in L.A.
Eli and Edythe Broad announced Thursday that the Broad, the downtown Los Angeles showcase for their exhaustive collection of contemporary art, will open on September 20, the Los Angeles Times reports.
Report Questions Events Charity Led by Eva Longoria’s Friends
An investigation by The Hollywood Reporter raises financial questions about a network of nonprofit organizations and for-profit firms headed by close friends of the actress and activist who put on star-studded charity galas around the world.
Lawyer Admits $2-Million Theft From Nonprofit N.Y. Cemetery
Timothy Griffin faces up to nine years in prison after pleading guilty Wednesday to embezzling from a nonprofit Staten Island graveyard during his tenure as its acting president, Lower Hudson Valley daily The Journal News reports.
3-Day March to Show Why Charities Need Overhead Aid Is Postponed
Only 35 people planned to attend the event created by the Charity Defense Council, a group founded by Dan Pallotta.
By SUZANNE PERRY
Contributor
Ford and Other Big Grant Makers Join Forces to Safeguard Internet Liberties
The group will work to create a “public sphere” where people can share their views in an equitable way while curtailing Internet harassment and hate speech.
By Alex Daniels
Contributor
Soros and Feeney Funds Backed Calif. Measure on Drug Charges
Private philanthropies contributed several million dollars to last fall’s successful campaign for Proposition 47, a California ballot measure to reduce drug-possession and minor-theft charges to misdemeanors, according to the Los Angeles Times.