Bain Capital Buys 50% Stake in Toms Shoes
The private-equity firm purchased half of Toms in a move aimed at speeding growth of the social enterprise that pioneered the model of for-profit philanthropy with its giveaway of a pair of shoes to a needy child for each pair sold, Bloomberg and The New York Times write. Also, listen to a podcast from The Chronicle’s archive offering an inside look at Toms Shoes and its founder.
Walton Fund Pledges $300-Million to Ark. and Miss. Projects
The Walton Family Foundation will significantly increase grant making in what it considers its home turf, committing $302-million over the next six years to educational, cultural, and other programs in northwestern Arkansas and the Arkansas and Mississippi deltas, Northwest Arkansas Online reports.
N.Y. Charity Seeks Big Donors to Cover Meal Deliveries to Neighborhoods
Citymeals-on-Wheels, which takes food to homebound elderly people, has started an unusual fundraising program in which individual contributors can sponsor deliveries in a specific area, writes The New York Times.
Ebola Crisis Raises Profile of Faith Group Samaritan’s Purse
The Ebola outbreak in West Africa has brought greater attention to the well-funded, globally active, but relatively low-profile Christian relief charity led by Franklin Graham, the Rev. Billy Graham’s son, writes The Washington Post.
Metropolitan Opera Resolves Last Major Labor Battle
The opera and the union representing its stagehands reached a tentative agreement Wednesday on a six-year contract that, like deals forged two days earlier with singers and musicians, includes cuts in both employees’ pay and administrative spending, The Wall Street Journal reports.
Obituary: Sylvia Hassenfeld, Hasbro Scion and Jewish Philanthropy Leader
The matriarch of the family behind the toy-making giant Hasbro, Ms. Hassenfeld, who died Saturday at age 93, was one of the first women to lead a major Jewish nonprofit, reports The New York Times.
Foundations Create Fund to Respond to Ebola Crisis in Africa
The money will go to community groups working on relief or on warning people in rural areas about the dangers of the disease.
By Megan O’Neil
Contributor
Rockefeller and USAID Announce $100-Million ‘Resilience’ Fund
The Rockefeller Foundation and the U.S. Agency for International Development are collaborating on a $100-million effort to help regions of Africa and Asia respond more quickly and effectively to weather disasters linked to climate change, the Thomson Reuters Foundation reports.
Cities to Get $45-Million in Bloomberg Innovation Grants
Bloomberg Philanthropies will announce a new grant round Wednesday in its program to help cities use big data and other tools to tackle persistent problems, the Associated Press writes.
Ariz. Health Nonprofit to Pay $35-Million in Medicare Case
Tucson-based Carondelet Health Network also agreed to pay $6-million to a whistle-blower as part of a settlement of federal allegations that its hospitals overbilled U.S. and state health-care agencies, reports The Arizona Republic.