Daily News Roundup: Snapchat Parent’s IPO Could Bring $300 Million for Charity

Snapchat Founders Promise Stock to New Philanthropy: Evan Spiegel and Bobby Murphy pledged in regulatory filings to donate up to 13 million shares in their company, Snap, to a fund supporting arts, education, and youth organizations, CNBC reports. A recent private valuation estimated the firm’s worth at $25 billion when it goes public, meaning the Snap Foundation’s 1.2 percent stake could be worth $300 million. Read a Chronicle article on tech companies setting aside large chunks of stock for charitablel purposes as they go public.

Couple Makes 2nd $100 Million Art Gift to Maine Museum: Peter and Paula Lunder’s donation of some 1,500 works will establish the Lunder Institute for American Art at the Colby College Museum of Art, writes the Portland Press Herald. Mr. Lunder, a retired businessman and Colby alumnus, and his wife also gave the institution a $100 million art gift in 2007.

Clinton Foundation Grapples With Questions on Fundraising and Mission: Following Hillary Clinton’s loss in an election in which her family’s charity became a frontline issue, Bill Clinton and other foundation leaders are assessing its future and finances while also striving to highlight its continuing work on global health and other issues, writes The New York Times.

Travel Ban Speeds Legal-Aid Crowdfunding Site’s U.S. Debut: CrowdJustice, a Britain-based start-up that helps individuals and organizations raise money online for legal cases, took its U.S. site live ahead of schedule to promote campaigns for people affected by President Trump’s order barring U.S. entry for people from seven predominantly Muslim countries, Reuters reports.

Conservation-Focused Impact Investing on the Rise: A new study shows a 62 percent increase from 2013 to 2015 in investments by foundations, nonprofits, and commercial entities aimed at producing both financial returns and a “measurable environmental result” such as promoting sustainable food or timber production, Fast Company writes.

Global Charity Set to Leave India as Government Blocks Millions in Aid: Compassion International says New Delhi’s clampdown on foreign funding of Indian nonprofits has held up $3.5 million a month it provides for child-development programs in the country, The Guardian reports. The Christian nonprofit plans to end its operations in India by March 15.