St. Louis Museum Receives $50-Million Art Trove
The estate of sports-publishing mogul Charles Claude Johnson Spink and his wife, Edith, donated 225 works of American and Asian art to the Saint Louis Art Museum, writes the St. Louis Post-Dispatch.
GOP’s Senate Wins Boost Prospects of Tax Changes for Nonprofits
Action this and next year is possible, and Utah’s Orrin Hatch, who will chair the Senate Finance Committee, is expected to exercise less nonprofit oversight than his predecessor.
By Alex Daniels
Contributor
Head of Newseum and Free-Press Nonprofit Stepping Down
James Duff is resigning as chief executive of the financially struggling Washington museum of journalism and the First Amendment and its nonprofit parent, the Freedom Forum, to return to his former post as chief administrator of the U.S. court system, the Associated Press reports.
Gifts of $1-Million or More Rose Sharply to $26.3-Billion in 2013, Study Finds
Of the seven parts of the world included in the study, the United States came out on top, with 1,173 donors giving a total of $16.9-billion.
By Megan O’Neil
Contributor
Foundation Support Is Crucial in Plan to Save Detroit’s Art and Pensions
A judge approves a bankruptcy plan heavily reliant on half a billion dollars in philanthropic support.
By Drew Lindsay
Senior Editor, Special Projects
Adelson’s Agenda and Deep Pockets Transform Jewish Giving
Billionaire casino magnate Sheldon Adelson’s wealth and approach to giving, focusing on large gifts that can remake organizations, are changing the landscape of Jewish philanthropy, The Jewish Daily Forward writes.
Most Gates Agriculture Funds Go to Rich Countries, Study Finds
A majority of the $3-billion the Bill & Melinda Gates Foundation has spent to fight hunger in the developing world has been directed to organizations in the United States, the United Kingdom, and other wealthy countries, The Guardian writes, citing new research.
JPMorgan Sends Staff Members to Team With Detroit Nonprofits
The banking giant will send teams of employees from its offices around the world to Detroit to work with Motor City charities on economic-development projects as part of a five-year effort announced Monday, reports The Detroit News.
Experts Advise Small Firms Looking to Make a Mark With Giving
The Wall Street Journal consults entrepreneurs and charity experts to offer tips to small businesses on shaping their philanthropy.
Obituary: Bernard Spitzer, New York Developer and Donor
The property magnate and father of former New York Gov. Eliot Spitzer made significant gifts to City College of New York and the American Museum of Natural History, The New York Times writes.