Drug Firms, NIH, and Nonprofits Join to Seek Breakthroughs
Ten large pharmaceutical companies, seven nonprofit groups, and the National Institutes of Health announced an unusual collective effort Tuesday to speed development of new treatments for Alzheimer’s disease, Type 2 diabetes, rheumatoid arthritis, and lupus, The New York Times writes.
Study Says Benefits from NEA Grants Cross Economic Lines
The National Center for Arts Research at Southern Methodist University set out to test congressional Republicans’ assertion that federal culture funding primarily benefits the wealthy, according to The New York Times.
Young Bankers Apply Finance Experience to Charity Start-Ups
Finance professionals in their 20s and 30s are starting nonprofits, applying the language and lessons of capital markets to aid students, veterans, and the global poor, Bloomberg writes.
Nebraska Groups Share $33-Million from Anonymous Donor
More than 40 organizations large and small in the Lincoln, Neb., area have received portions of the stock gift from an unnamed local philanthropist, reports the Lincoln Journal Star.
Donations Rose 4.9% in 2013, Study Finds
The examination of 4,000 charities found that giving last year increased faster than at any other time since the recession started.
By Raymund Flandez
Contributor
3 ‘Sham’ Charities and Fundraiser Settle Case With N.Y.
State officials said a professional solicitation firm received 80 percent of $2.2-million it raised for the now-shuttered Long Island nonprofit groups from 2007 to 2012, Newsday reports.
Property Deals Fuel New Projects for N.Y. Children’s Charity
New York’s Children’s Aid Society plans to sell a Manhattan preschool to build a charter school in the South Bronx, part of its growing focus on the city’s poorer communities, writes The New York Times.
Former ‘Post’ Owner Starts $25-Million College Fund for Illegal Immigrants
The scholarship fund, launched by former Washington Post owner Donald E. Graham, will benefit students brought into the country illegally as children, the Post writes.
Presidio Trust Rejects ‘Star Wars’ Director’s Museum Plan
The board overseeing San Francisco’s Presidio has set aside plans to redevelop an eight-acre section of the military base-turned-waterfront park, shooting down filmmaker George Lucas’s proposal to build a $700-million museum of popular art on the site, the San Francisco Chronicle and Reuters report.
Memphis Symphony, Nearly Broke, Makes Plans to ‘Wind Down’
The leader of the Memphis Symphony Orchestra’s board said the organization could be broke by April and needs a large cash infusion to continue its current level of operations beyond this season, the Associated Press writes.