Daily News Roundup: Donors Can ‘Profit’ on Trump-Backed Tax Break

School-Choice Option Favored by Trump Carries Big Boon for Donors: Tax-credit scholarships, a program implemented in 17 states and touted by the president, let people turn a profit on donations to private-school scholarship funds, NPR reports, citing new research. Combined state and federal tax breaks can allow donors in higher income brackets to more than offset the gift cost, a study by the Institute on Taxation & Economic Policy found.

Grant-Software Maker Secures $16 Million Investment Round: The venture funding for Fluxx, which produces software for foundations, corporate-giving arms, and government bodies to manage grants and track their impact, comes amid growing investor interest in technology that addresses nonprofit and philanthropic needs, writes The Wall Street Journal (subscription).

National Sports Nonprofit Draws Fire for GNC Ties: Nutritional-supplements retailer GNC, which sells substances that are banned for U.S. track and field athletes, has raised money for the USA Track & Field Foundation, and its interim CEO sits on the board of the nonprofit, which makes grants to American athletes, USA Today reports.

Boston St. Patrick’s Parade Renews Ban on Gay Veterans’ Group: OutVets, which has taken part in the nonprofit-run event since 2015 after years of exclusion, was again barred in a dispute over its marching behind a rainbow banner, according to The Boston Globe. The Associated Press reports that parade organizers will meet Friday to reconsider the decision, which fueled a backlash among politicians and corporate sponsors.

Wisc. Charity Hit by Massive Diaper Heist: Two men were arrested for allegedly stealing 100,000 diapers valued at more than $45,000 in multiple thefts from a warehouse where United Way Fox Cities was storing the items for distribution to needy families, the Associated Press reports, citing Green Bay’s WLUK-TV.