Daily News Roundup: Gates Follows $4.6 Billion Gift With Malaria Push
August 16, 2017 | Read Time: 2 minutes
After Huge Donation, Gates Foundation Unveils New Malaria Effort: Bill Gates announced the “Mosquito Wars” campaign in a blog post a day after federal filings disclosed his $4.6 billion stock gift to his and wife Melinda’s foundation, Forbes writes. As part of its broader antimalaria work, the world’s largest private grant maker will provide an insecticide-treated bed net to a family in Mozambique for every person who reads the post and takes a quiz.
MacArthur Foundation Grants $5.7 Million to Promote Diversity in Documentaries: The awards to the Sundance Institute, the National Black Programming Consortium, and five other nonprofit film and media organizations will fund independent productions by documentarians from diverse backgrounds and support training and professional-development efforts, Deadline reports.
Rockefeller Foundation Backs “Climate Bonds” to Aid Storm-Battered Cities: The grant maker will pay $342,000 to underwrite environmental-impact bonds — a novel form of financing pioneered by Goldman Sachs — that are issued by cities to test new ways to safeguard residents against fiercer storms and flooding linked to climate change, writes Bloomberg.
Los Angeles Nonprofit Leaders Admit Multimillion-Dollar Theft: Three former executives of the Chicana Action Service Center, including ex-CEO Sophia Esparza, pleaded guilty to embezzlement and other charges, MyNewsLA.com reports. The defendants were accused in 2015 of siphoning $8.5 million in grant funds from the charity serving Latino woman, in large part to pay lavish personal expenses for Ms. Esparza.
TV’s Full Frontal Teams With Anti-White Supremacy Group: Samantha Bee’s satire show aims to drive traffic to a crowdfunding site for Life After Hate, a nonprofit led by ex-white supremacists that works to reform racist extremists, People writes. The show was already set to air a segment on the Trump administration’s withdrawal of a $400,000 federal grant for the group before last weekend’s violent white-nationalist rally in Charlottesville, Va.