Judge Denies Detroit Creditors’ Bid for New Art Assessment
Bankruptcy Judge Steven Rhodes rejected a demand by creditors for a new evaluation of the Detroit Institute of Arts holdings and raised questions about whether works from the museum can legally be sold to satisfy the city’s debts, writes the Detroit Free Press.
Transparency and Careful Scholarly Work Required to Estimate Giving
The need for reliable data is too important for any group to claim its methodology is a secret sauce, write the senior leaders of “Giving USA.”
Opinion: Contrary to Myth, Poverty on Wane, Gateses Say
Three “deeply damaging myths” about poverty foster unwarranted but persistent pessimism about the state of the developing world, Bill and Melinda Gates write in a Wall Street Journal opinion column adapted from their foundation’s annual letter.
Fighting Income Inequality Should Be Top Nonprofit Priority
Charities have been too reluctant to advocate for policies that close the gap in wealth and have in some cases perpetuated it in their own compensation policies.
By MARK ROSENMAN
Contributor
Mich. Governor Mulls Matching Foundations’ Detroit Fund
Gov. Rick Snyder is in early talks with legislators on a proposal to use $350-million in state money to protect the Detroit Institute of Arts prized collection and help fund city pensions, roughly matching a group of private foundations’ commitment, according to the Detroit Free Press.
Opinion: ‘Net Neutrality’ Ruling a Blow to Social Enterprise
This week’s federal appeals court decision overturning most of the Federal Communications Commission’s 2010 Open Internet Order could significantly hinder social entrepreneurs and nonprofits that use the Web to share information and spread their message, a Forbes contributor says.
Campaign-Money Activists Blast FEC Inaction on Crossroads
Political-finance watchdog groups said Thursday that they will sue the Federal Election Commission after it disregarded a staff recommendation to investigate conservative nonprofit Crossroads GPS, The Wall Street Journal writes.
Why Our Foundations Are Investing in Detroit
The $330-million pledge is not to make up for government but to make a real difference in a great city, write the heads of four big grant makers.
By MARIAM NOLAND and Rip Rapson
Opinion: Ford Foundation Comes Home With Bets on Detroit
The foundation’s $125-million contribution to a fund to help protect the Detroit Institute of Arts collection and buttress city pensions highlights the New York-based philanthropy’s return to its Motor City roots, a Detroit News columnist writes.
5 Myths About Payout Rules for Donor-Advised Funds
Nonprofits and the people they serve are being starved of resources. Mandatory payout rules can help turn that around.
By Ray D. Madoff
Contributor