Daily News Roundup: GM to Shift $30 Million in Funding to New Unit

GM Scraps Foundation in Giving Overhaul: The automaker will shift its $30 million a year in philanthropy from the General Motors Foundation to a new unit, GM Global Corporate Giving, which will focus on achieving broad impact in areas like high-tech education, safety, and economic sustainability that align with GM’s corporate mission, The Detroit News reports. Read a Chronicle article about companies reorienting their giving to mesh with their business operations.

Differing Views on What Eliminating Federal Arts Programs Would Do: The Washington Post examines the economic impact of the Trump administration’s plan to stop funding the Corporation for Public Broadcasting, the Institute of Museum and Library Services, and the National Endowments for the Arts and the Humanities. Critics of the moves, which would trim $970 million from the $3.9 trillion federal budget, say wiping out all four agencies would hurt regional economic-development efforts, but proponents contend private philanthropy could pick up the slack. Read a Chronicle article on arts groups’ rapid response to the proposed budget cuts.

Lawsuit Accuses 2 Nonprofit Hospitals of Failing to Provide Millions in Charity Care: The Empire Health Foundation’s suit alleges Community Health Systems of Tennessee, a large hospital chain, fell short of its promised charity care by $55 million from 2008 to 2015 at its Deaconess and Valley hospitals in Spokane, Wash., and inflated the cost of treatment, bringing the total shortfall to as much as $110 million, according to The Spokesman-Review.

Metropolitan Museum of Art Reorganizes Leadership With New CEO: Daniel Weiss, the institution’s president, was given the chief-executive title and authority that formerly went with serving as its director, a shift that puts business and financial operations at the top of the museum’s organizational structure, writes The New York Times. Mr. Weiss has served as interim head since the forced resignation earlier this year of director Thomas Campbell.

Hedge-Fund Manager’s Charity Will Pay $358.6 Million to His Ex-Wife’s Foundation: A British High Court judge ordered financier Christopher Hohn to donate money from the Children’s Investment Fund Foundation to Big Win Philanthropy, a new entity founded by his former wife, Jamie Cooper, as part of a divorce settlement between what had been the country’s most philanthropic couple, The Daily Telegraph reports.