Trump Foundation Faces N.Y. Attorney General in Court: Daily News Roundup
The grant maker is requesting a lawsuit be dismissed that alleges the organization along with Trump, his sons Eric and Donald Jr., and daughter Ivanka violated state and federal laws. Plus, the British arm of Oxfam has seen a spike in claims of sexual abuse; religious groups and atheists are clashing over a longtime tax break that gives religious leaders tax-free housing allowances, costing taxpayers hundreds of millions of dollars annually; and more news and features about cultural groups.
90% of the Wealthy Give to Charity and 48% Volunteer, Study Says
The new U.S. Trust Survey also found that overall giving by the rich is on the rise, although affluent millennials give slightly less than other wealthy donors.
By Maria Di Mento
Senior Editor
The bulk of the money will be in the form of loans and equity; $16 million will be philanthropy. Plus, some Mega Millions players say they would give to charity if they won; the D.C. attorney general begins an investigation into sex abuse by Catholic priests; U.S. regulators offer to help a new nonprofit drug company backed by some of the country’s top hospitals; after an explosive device was found in George Soros’s mailbox, his foundation denounces the “politics of hate"; and more.
Grants Roundup: 2 Groups to Receive $100 Million Each
The Cystic Fibrosis Foundation will use the money for better detection, diagnosis, and treatment of lung infections, and the University of Arkansas Foundation will endow the Winthrop Rockefeller Institute for civic, cultural, educational, and research programs.
By M.J. Prest
Senior Editor, Solutions
MacArthur, Seeing Success in Reducing Jail Time, Boosts Funding for Criminal Justice Overhaul
The grant maker added $22 million in criminal-justice grants to its Safety and Justice Challenge, bringing the total commitments under the three-year-old program to $148 million.
By Alex Daniels
Contributor
Explosive Device Found Near George Soros’s Home: Daily News Roundup
No one was hurt; the motive was unclear. In other articles, the wife of the former president of the University of Oregon denies a new book’s claim that Phil Knight threatened to withhold funds from the university because of a dispute over workers’ rights; a $120 million gift from a Canadian company will create a foundation to support youths; and Ryan Murphy gives $10 million to a hospital that treated his then-2-year-old son for cancer. Plus, more about ideas and innovation and cultural groups.
Leader of Big Diabetes Group to Step Down
Derek Rapp plans to rejoin the group’s board after his successor is named.
By Julian Wyllie
Contributor
Tyler Nickerson interviews Villanueva about his new book: Decolonizing Wealth
Billionaire Is Devoting $100 Million to Curbing Drug Prices: Daily News Roundup
Former energy trader John Arnold’s focus on bringing down high prices has the drug industry rattled. In other articles, San Francisco’s tech leaders are in an uproar over a tax proposal to help the homeless; and at the Harvard admissions trial, emails were presented as evidence that the university favors people related to or of interest to big donors. Plus, additional news and features about sexual abuse at nonprofits, philanthropy under scrutiny, and more.
Gifts Roundup: Former Clinton Administration Official Gives $5 Million
Also, MIT and Harvard land $350 million and $100 million, respectively, and two other universities receive big gifts.
By Maria Di Mento
Senior Editor