Suit Alleges $2-Million Embezzlement by Ex-PBS Official
The public broadcaster’s insurance company asserts that a former executive with PBS’s video-distribution arm stole more than $2-million from the organization, The Boston Globe reports.
Church Hands Property Proceeds to Congregants to Give Away
Chicago’s LaSalle Street Church is turning over a tenth of the proceeds from a $1.6-million real-estate deal to its parishioners in the form of $500 checks, with the stipulation that the recipients use the money to do good works, Reuters writes.
Satiric Swipe at Miss America Aids Women’s Scholarship Group
The Society of Women Engineers got what it calls a “John Oliver bounce” after its scholarship program was mentioned Sunday during a segment on the comedian’s HBO news satire show that questioned the Miss America pageant’s claims about its education aid, reports the Chicago Tribune.
Coors Family Firm Donates $26.9-Million to Colo. College
The Colorado School of Mines will use most of the gift from technical-ceramics company CoorsTek to develop a new center for engineering and applied science, The Denver Post reports.
Activists Urge Grant Makers to Try to Prevent Another Ferguson
An invitation-only gathering in Washington focused on how to tackle problems that have arisen due to changing demographics.
By SUZANNE PERRY
Contributor
Yale U. Endowment Climbs to $23.9-Billion on 20% Gain
Keeping more than half its portfolio in hedge funds and private equity, Yale beat the investment returns of peer institutions such as Harvard, Stanford, and Dartmouth, the Hartford Courant and The Wall Street Journal report.
Clintons Launch $600-Million Effort to Educate Girls
More than 30 nonprofits, corporations, and governments have made commitments to the program to bolster education for disadvantaged girls spearheaded by Hillary and Chelsea Clinton and nonprofit think tank the Brookings Institution, reports Bloomberg.
Insider Tapped to Manage Harvard’s $36.4-Billion Endowment
Stephen Blyth, an eight-year veteran of the Harvard Management Company, has been promoted to chief executive of the in-house unit that oversees the nation’s biggest higher-education endowment, Bloomberg writes.
Jack Ma to Spend Some of Alibaba Windfall on China’s Environment
Speaking at the Clinton Global Initiative, the Chinese e-commerce mogul said that people with immense wealth have a “responsibility” to spend their fortunes wisely and indicated he will use his to tackle pollution and health in his home country, according to Quartz.
White House Says Obamacare Is Cutting Hospitals’ Charity Costs
The Department of Health and Human Services issued a report Wednesday estimating that hospitals will save $5.7-billion in charity care and bad debt this year as the number of patients lacking insurance declines, the Associated Press writes.