Daily News Roundup: Fear of Terror Financing Hinders Aid Work

Fearing Risk, Banks Delay Charity Wire Transfers: Urgent international relief work is being delayed because U.S. banks are hesitant to wire money into countries where terrorist activity takes place, reports The Washington Post. Two-thirds of U.S. charities that work abroad report difficulties accessing financial services because of the trend, according to a new study.

Anti-Trump Giving Exacerbates Inequality Among Nonprofits: Large charities get a big cut of donations because of their brand recognition, not necessarily their effectiveness, fueling a fundraising gap between big and small nonprofits that is widening as major groups reap giving gains from their high-profile stands against the president’s policies, according to a Vox analysis.

Opinion: Research Charities’ Patent Practices Push Boundaries: Nonprofits such as the Broad Institute that retain patent rights stand to make millions by commercializing the results of their research, but the practice may strain the legal definition of a nonprofit organization, scientist and author Jim Kozubek writes in a column for health-news site Stat.

Robin Hood Foundation Names New CEO: The nonprofit, which works to alleviate poverty in New York City and raises major sums from Wall Street donors, will be led by Wes Moore, a military veteran and the founder of BridgeEdU, an organization that helps students make the transition from high school to college, The New York Times reports.

New Visa Rules Could Drain Charity Labor Pool: President Trump’s proposal to awardH-1B visas only to highly skilled foreign workers could hurt hiring at nonprofits, Associations Now writes.

Some Art Owners Abuse Appraisals for Tax Breaks: To get more favorable tax breaks, people often underestimate the value of art they receive as gifts and overestimate the value of works they donate to charity, writes The New York Times.