Daily News Roundup: Rockefeller Backs Social-Good Investment Startup

Rockefeller Backs Effort to Build Social-Good Investment Funds for Charities: The foundation has announced support for Impact Shares Corporation, a startup that aims to help charities create exchange-traded funds whose profits would go to the nonprofits, according to Reuters. A veterans group, for example, might include companies that aim to hire people who have left the military.

Women Playing a Bigger Role in Jewish Philanthropy: Women are the fastest-growing part of the Jewish Federations of North America system, reports the Jerusalem Post in a story highlighting the giving of several prominent donors.

Under Trump, More Churches Offer Sanctuary, but Few Seek Refuge: The number of churches declaring themselves sanctuaries for illegal immigrants has doubled, to 800, since the presidential election, but only about a dozen refugees have sought their help, according to Reuters.

Fundraising Held Hostage as Alumni Battle: The New York Times details the yearslong, bitter fight for control of the alumni association of New York City’s elite Stuyvesant High.

Founding President of J. Paul Getty Trust Dies: Harold Williams, who was 89, led the foundation from 1981 to 1998 and is credited with helping turn the small museum founded by the oil baron into a renowned international art institute, according to the Los Angeles Business Journal.

Charity Finds Promised Big Gift Will Never Come: “It was all a lie,” says the leader of a small veterans’ group promised $425,000 by a supporter who apparently pretended to be a wealthy business executive. Portland’s NBC TV affiliate KGW reports.