Daily News Roundup: Chan Zuckerberg Initiative Scaling Up Like a Start-Up
August 22, 2017 | Read Time: 1 minute
Zuckerberg-Chan Philanthropy Vehicle Hiring at Rapid Clip: Fueled by cash infusions from Facebook stock sales, the Chan Zuckerberg Initiative has grown to more than 160 employees and is adding dozens more, according to CNBC. The giving-minded, tech-focused venture has taken on nearly 100 engineers since its launch in late 2015. CZI has also hired its first chief financial officer, former PayPal executive Peggy Abkemeier Alford, Business Insider reports. Read a Chronicle article on CZI’s major personnel moves.
Anti-Defamation League Fundraising Spikes After Charlottesville: A spokeswoman for the venerable antidiscrimination organization said giving was up “1,000 percent” last week compared to its average for the year, driven by seven-figure gifts from Apple, JPMorgan Chase, and other corporate and individual donors, Agence France-Presse writes.
Racial-Justice Nonprofit Targets White Supremacists’ Funding Streams: Color of Change has stepped up pressure on credit-card and payment-processing companies to stop handling transactions for organizations identified as hate groups that solicit donations or sell merchandise online, Fast Company writes. Read Chronicle features on suspected extremist groups with charity status on and nonprofits’ responses to the Charlottesville unrest.
Cambodia’s Leader Drops Order to Oust U.S. Nonprofit: Prime Minister Hun Sen said Agape International Missions, which helps children escape sex slavery, can continue working in the country because it apologized for its role in a CNN report on sex trafficking in a Cambodian village, writes the South China Morning Post. He had demanded after the report aired that the Christian charity leave.
IRS Yanks Hospital’s Nonprofit Status Under New Charity-Care Rules: The move against an unnamed institution marks the first time the Internal Revenue Service has penalized a hospital for failing to meet community-benefit requirements that took effect last year under the Affordable Care Act, health-news site Fierce Healthcare reports.