Daily News Roundup: Web of PACs Raises Millions With Charity-Style Pitches

Top News

New Crop of ‘Scam PACs’ Rakes in Millions Under Guise of Charity (Politico)

College Endowments Face Growing Pressure to Boost Sustainable Investing (Financial Times — subscription). Plus, see how major university and foundation investment funds are performing in the Chronicle‘s endowment database.

Koch Brothers’ Higher-Education Giving Goes Far and Wide and Aims for Policy Impact (Center for Public Integrity)

More About Big Donors

Billionaire Mogul Behind Power Rangers Gives Back Big to Los Angeles (Forbes)

Famed Dallas Philanthropist Margaret McDermott Dies at 106 (Dallas Morning News)

About Nonprofits and Tech

Opinion: Do Google’s New Ad-Grant Rules Put Bottom Line Before Charitable Impact? (Forbes)

With $1 Million Donation, Tech Firm Wades Into Calif. Housing Politics (New York Times)

More Nonprofit News

New Tax Proposal Would Boost Charitable Mileage Rate to Equal Business Rate (Forbes). See a Chronicle report on lesser-known provisions of the new tax law that affect nonprofits.

Sacramento’s Big Day of Giving Raises $6.6 Million (Sacramento Bee) Read more giving-day success stories in the Chronicle’s May cover package on online fundraising that works.

Red Cross Nurse’s Abduction in Somali Capital Raises Fears for Aid Workers (Associated Press)

Catholic Charities of St. Paul and Minneapolis Drops Refugee and Adoption Programs (Star Tribune)