Obituary: Gene Estess, Broker Who Left Wall Street to Help Homeless
Mr. Estess gave up his finance career in 1987 to lead the Jericho Project, a New York charity that became a national model for support services for the homeless, Bloomberg writes.
Red Cross Offers Few Details on Its Use of Sandy Donations
The American Red Cross says it has spent or committed $291-million of the $312-million it raised for Superstorm Sandy relief but has released little information on how it has used the money, ProPublica writes.
Obamas’ Donations Declined to 12.3% of Income Last Year
President Obama and Michelle Obama donated $59,251 to 32 charities in 2013, a sharp drop in giving in a year that also saw their income fall, USA Today and The New York Times report, citing tax returns released by the White House Friday.
Native Groups Drop Charity Golf Event Over Redskins Link
The National Indian Gaming Association and pro golfer Notah Begay III’s foundation pulled support from a charity golf tournament in Arizona after learning that the Washington Redskins Original Americans Foundation is involved in the event, USA Today reports.
Penn State Passes $2-Billion Campaign Goal Ahead of Schedule
Weathering both the Great Recession and fallout from the Jerry Sandusky sex-abuse scandal, Pennsylvania State University has surpassed its target in a seven-year capital campaign set to end this summer, The Chronicle of Higher Education and The Philadelphia Inquirer report.
San Diego Opera Board Reaffirms Decision to Fold
The board voted Friday to proceed with plans to shutter the 49-year-old company, making Sunday’s season-ending performance almost certainly the opera’s last, report San Diego public broadcaster KPBS and The New York Times.
N.Y. Jewish Community Seeks Funds to Aid Accused Charity Leader
The quiet fundraising effort aims to raise millions of dollars for former Metropolitan Council on Jewish Poverty head William Rapfogel to put toward restitution as he faces larceny charges, according to the New York Daily News.
Investor Ackman’s Foundation Gives $26-Million to Harvard
The bulk of the gift from billionaire financier Bill Ackman and his wife, Karen, will support expansion of Harvard’s Foundations of Human Behavior Initiative, The Wall Street Journal writes.
Judge Rejects N.Y. Cap on Charity Executives’ Compensation
A New York State judge ruled against a bid by Gov. Andrew Cuomo’s administration to restrict salaries for top executives at nonprofits that receive significant taxpayer funding to $199,000, the New York Daily News and the Associated Press report.
Report Questions Tax Breaks for Nonprofit Hospitals With Big Revenues
The finances and spending of large nonprofit hospitals that receive tax breaks while earning hundreds of millions of dollars in revenues and paying seven-figure executive salaries are examined in a special report by investigative journalism site 100Reporters.