Report Says Muslim Charities Underused in Fighting Poverty
A study issued this week contends that poor bookkeeping and management at Islamic nonprofit groups are keeping idle billions of dollars in resources that could be applied to helping the poor in Muslim countries, Reuters writes.
Judge Orders L.A. Union to Release Nonprofits’ Records
A Los Angeles court handed city leaders a victory Tuesday in their battle to audit some $40-million in spending by two nonprofits affiliated with the municipal water and power agency, ordering the union that co-manages the groups to turn over financial records, the Los Angeles Daily News and the Los Angeles Times report.
N.Y. Property Boom a Boon for Venerable Charities
The longstanding social-service and anti-poverty agencies that clustered in a swath of Midtown Manhattan once nicknamed Charity Row are cashing in on the neighborhood’s real-estate boom, selling stately 19th-century buildings they have occupied for decades in nine-figure deals, writes The Wall Street Journal.
Del. Museum to Sell Major Works to Plug Debt Hole
The Delaware Art Museum’s board voted Wednesday to auction works valued at $30-million to stave off a fiscal crisis museum leaders said threatens to shutter the 102-year-old institution, The News Journal of Wilmington writes.
Investment Returns at Small Nonprofits Lag Far Behind Benchmarks in Bull Market
A new study finds a big gap in the earnings of groups with formal investing strategies and those that don’t have such plans.
By Doug Donovan
Contributor
Foundation Group Expands to Reach More Donors
The Association of Small Foundations is changing its name to Exponent Philanthropy and expanding its membership to include people who create donor-advised funds and others.
By Doug Donovan
Contributor
U.S. Court Says Kansas Can Pull Planned Parenthood Funds
A federal appeals court ruled Tuesday that Kansas can withhold federal family-planning money from two Planned Parenthood clinics while the nonprofit reproductive-health group pursues its suit against a state law that stripped the funds, reports the Associated Press.
Makeup-Free Selfies Quickly Raise Millions for Cancer Studies
Cancer Research UK has collected more than $13-million in six days on the back of an online trend that has seen a soaring number of women, including numerous celebrities, post pictures of themselves without makeup, according to the Press Association and U.K. daily The Telegraph.
National Women’s Museum Plan Gains Ground in Congress
Bipartisan support is building on Capitol Hill for plans for a national museum of women’s history in Washington that would rely on private donations rather than taxpayer dollars to bring the project to fruition, The New York Times reports.
Steven Hilton to Step Down as Head of Hotel Family’s Charity
The Conrad N. Hilton Foundation announced Tuesday that Steven M. Hilton will retire at the end of next year as leader of the charity, which awards an annual $1.5-million humanitarian prize, the Los Angeles Times writes.