Australian Bank Donates $92-Million for IT Scholarships
Westpac, Australia’s oldest company, announced a $92.4-million donation Wednesday to fund annual scholarships and awards aimed at boosting female participation in the information-technology industry, The Sydney Morning Herald reports.
Union Targets Pittsburgh Hospital Fighting City on Tax Break
The Service Employees International Union is trying to organize at the University of Pittsburgh Medical Center and backing municipal leaders’ bid to strip the nonprofit health network of its $20-million-a-year tax exemption, The New York Times reports.
Detroit Creditor Seeks Reams of Museum’s Art Records
A wide-ranging subpoena from bond insurer Syncora, which has pressed for the sale of Detroit Institute of Arts works to satisfy Detroit’s debts, seeks documents on the museum’s finances, membership, and entire 66,000-piece collection, reports the Detroit Free Press.
New Nonprofit Health Insurers Languish in Obamacare Signups
The health-insurance co-ops and other small nonprofit providers that sprouted up with federal help to encourage innovation and competition in the field are attracting just a sliver of the millions of people enrolling for coverage under the Affordable Care Act, the Associated Press writes.
Hewlett Ends Effort to Get Donors to Make Dispassionate Choices on Giving
When the William and Flora Hewlett Foundation ended grants for efforts to get donors to act more like data-driven investors, it divided the world of philanthropy: those who want more attention to results and those who want more focus on long-term gains.
By Doug Donovan
Contributor
Church Status Keeps Big Faith Broadcaster’s Finances Private
NPR examines the finances of Daystar, a $233-million Christian television network that files no disclosure reports because it is registered with the Internal Revenue Service as a church.
Donors Pledge $240-Million for Push on Tropical Diseases
The Bill & Melinda Gates Foundation and other donors will commit $240-million Wednesday to tackling neglected tropical diseases, the Financial Times writes in an article about how major drug companies are mixing commerce and philanthropy to combat public health problems in Africa.
Penn Foundation Commits $35-Million for Watershed Project
The Philadelphia-based philanthropy announced plans Tuesday for a three-year Delaware River preservation effort that would make the basin a laboratory for innovation in protecting water quality, The Philadelphia Inquirer reports.
New Web Giving Site RaisedBy.Us Targets Tech Workers
The new online donation platform aims to increase giving in the tech industry by providing a fast and easy mechanism for IT workers to devote a portion of their paycheck to the charity of their choice, writes The New York Times.
Livestrong Head Retools Cancer Charity for Life After Lance
Business magazine Inc. profiles Livestrong Foundation President and CEO Doug Ulman and his plans for remaking the cancer survivors’ organization in the aftermath of founder Lance Armstrong’s disgrace.