Nonprofits and Foundations Poised to Score Victories in Tax Legislation
The bill would repeal a “parking tax” that many charities fought against and simplify the excise tax that foundations must pay.
By Alex Daniels
Contributor
Lilly Surpasses Ford as Nation’s 2nd Largest Grant Maker
Lilly’s endowment is invested mainly in the Eli Lilly pharmaceutical company, which had a strong year in 2018. The Gates Foundation remains the nation’s largest grant maker, with nearly $47 billion in assets.
By Alex Daniels
Contributor
MacArthur Boosts Amount It Pays for Grantees’ Overhead to 29%
The move stems from a pledge by the Chicago grant maker and four other foundations to help the defray the costs of things like human resources, fundraising, and accounting.
By Alex Daniels
Contributor
Ronald Lauder Gives $25 Million to Fight Anti-Semitism (Gifts Roundup)
Also, Min and Fan Kao give $20 million to Cedars-Sanai Medical Center, and the Lincoln Park Zoo landed a $15 million gift to revamp its lion habitat.
By Maria Di Mento
Senior Editor
Washington Community Colleges See Big Bequest From Little-Known Donor
Eva Gordon’s gift is the latest example of wealthy donors’ increased interest in community colleges.
By MICHAEL THEIS
Contributor
Nonprofit Leaders Express Worries Over Tax Law and Possible Recession
A survey conducted by the Center for Effective Philanthropy found that very few nonprofits have talked to grant makers that support them about the impact of the downturn — but many more would welcome that conversation.
By dan.parks
Contributor
Nonprofits Prepare for Fight Over Future of Dot-Org Domain
Charities are deeply worried about the proposed sale of the infrastructure behind the internet’s dot-org domain to a for-profit company, saying it raises the potential for skyrocketing fees and censorship.
By MICHAEL THEIS
Contributor
A Kickstarter Co-Founder on Bringing Projects to Life
Yancey Strickler has also written a book called This Could Be Our Future: a Manifesto for a More Generous World.
Bezos Day One Fund Gives $98.5 Million to Address Homelessness in 23 States (Grants Roundup)
Also, the Goizueta Foundation gave $30 million to Emory University, and the Packard Foundation gave $5 million to Hispanics in Philanthropy to help migrants at the U.S.-Mexico border.
By M.J. Prest
Senior Editor, Solutions
Lego Foundation Gives Second $100 Million Grant for Play-Based Programs
The announcement comes a year after the foundation gave $100 million to a collaboration between the Sesame Street Workshop and the International Rescue Committee to help Syrian refugee children.
By Alex Daniels
Contributor