Charter School Deals ‘Sweep’ Money to Management Firms
Amid growing scrutiny of financial ties between nonprofit charter schools and management companies, ProPublica reports on “sweeps” contracts under which nearly all of a school’s taxpayer funding goes to a private firm.
Fund for Victims of Boston Marathon Attack Winds Down
After paying out nearly $80-million in donated funds to people affected by the April 2013 bombings, One Fund Boston announced Tuesday that it is closing up shop, reports The Boston Globe.
Habitat for Humanity Shifting Focus to Fixer-Uppers
With the cost of land for development spiking, Habitat for Humanity, the international nonprofit known for using volunteer labor to provide homes for low-income families, is building fewer dwellings and putting more emphasis on buying and renovating existing houses, writes The Wall Street Journal.
U. of Kansas Gets $58-Million Bequest for Student Aid
The $58-million gift from the estate of industrialist Madison Self and his wife, Lila, who met at the university, will support fellowships and scholarships in business, economics, and the STEM fields, writes The Kansas City Star.
How a Hero Can Save the Day—and Rally Support
Two groups share lessons in how to tell stories about people fighting for change.
By PAUL VANDECARR
Contributor
Unicef Gets Matching Help in Year-End Appeal for Unrestricted Gifts
The organization is touting the benefits of giving cash that can be tapped quickly when a crisis erupts.
By Holly Hall
Contributor
Senator Targets Tax Breaks for Sports Leagues, Stars’ Charities
A new report from Sen. Tom Coburn details nonprofit organizations the Oklahoma Republican says collect millions of dollars but do little to justify their freedom from taxation, Buzzfeed writes.
Group That Raised $400,000 for Darren Wilson Silent About Spending
A charity that collected at least $400,000 to support the former Ferguson, Mo., police officer who shot and killed Michael Brown is thus far not saying how it has used the money, according to BuzzFeed.
Change.org Draws Big Investors for $25-Million Expansion
The socially oriented company that offers petition and campaign services for nonprofits and individuals raised capital from Bill Gates, Richard Branson, and other wealthy investors for a round of growth that will focus on developing mobile apps, The Wall Street Journal writes.
JPMorgan Executive Tapped to Lead Commonfund
The financial house that oversees $25-billion in assets for endowments and foundations on Monday named Catherine Keating, head of JP Morgan Chase & Co.'s Americas investment unit, as its new CEO, Bloomberg reports.