Daily News Roundup: Historically Black Colleges Struggle to Build Endowments

Racial Wealth Gap Hampers Black Colleges’ Efforts to Grow Assets: Though they draw alumni donors at similar rates as other universities, historically black institutions bring in far fewer dollars and have much less to invest than peers, leaving them shut out of many of the financial strategies that have yielded big returns elsewhere, Bloomberg Businessweek writes.

Kennedy Center Lures Big Names but Loses Top Staff: Deborah Rutter, who took over as president of the iconic arts venue in 2014, has won praise for her fundraising skills and enlisted stars from popular and classical music as program advisers, but more than a dozen senior executives and artistic leaders have departed during her tenure, according to The Washington Post.

U. of Louisville Donations Decline as Campus Foundation Cleans House: The University of Louisville Foundation fired its chief financial officer, the third top official ousted from the scandal-plagued organization since September, reports the Courier Journal. Giving to university academic programs is down 25 percent from last year as longtime major donors suspended giving pending reviews of the foundation’s finances.

Charities Overwhelmed With Donated Items for Grenfell Tower Victims: The British Red Cross and other groups are sorting through more than 170 tons of material donated since last month’s London high-rise fire that killed at least 80 people, and only about 4 percent of an estimated $26 million in cash giving has made it to survivors so far, BBC News reports.

Charity Hits Roadblock in Bid to Rename Indian Village for Trump: Water and sanitation nonprofit Sulabh International went ahead with a ceremony to rechristen Marora, a remote farming community in India, as Trump Village despite opposition from regional officials who denied permission for the change and branded it a publicity and fundraising stunt, writes The Washington Post.