Daily News Roundup: Levi’s CEO Urges Businesses to Take Action on Gun Violence
The company has created a fund to support nonprofit efforts and is doubling its match for employee gifts to anti-violence groups, among other efforts. Plus, read how the University of Michigan will use a $10 million gift to create a foreign-policy center on campus; and how Sylvia Acevedo went from a poor childhood to being a rocket scientist to leading the Girl Scouts; and how the IRS’s new guidance on easing deduction limits for some business owners will affect charitable giving; and more.
3 Donors Back Effort to Keep Generic Drug Prices Low
The $30 million in cash and loans will help support a nonprofit that aims to keep prices affordable for certain widely used drugs.
By Alex Daniels
Contributor
Young Americans Place High Degree of Trust in Nonprofits, Study Finds
They trust themselves and others like them the most, followed by nonprofits, social movements, local government, and the federal government. They trust companies the least.
By Ariella Phillips
Contributor
Daily News Roundup: U. of Louisville Faces Inquiry Into Big Payments to Former Officials
The university foundation spent almost $4 million in excessive pay to the ousted president and others. In other articles, a court case showed how a Missouri college improperly diverted funds from its endowment; a Pennsylvania inquiry into sex abuse among Catholic clergy may set a precedent; and much more about giving and nonprofit innovation.
Grants Roundup: Wells Fargo Pledges $20 Million for Affordable Housing in N.C.
Also, the H.D. Smith Foundation gives $20 million for the football program at the University of Illinois, and the Woods Hole Oceanographic Institution receives $1 million to buy an acoustic telescope for underwater sounds.
By M.J. Prest
Senior Editor, Solutions
Bicycle-Powered Rickshaws Get Older People Out and About
Cycling Without Age gets people away from the TV and involved in conversations and sharing memories.
By Ariella Phillips
Contributor
When Gifts Soar, Charities Often Sock the Extra Money Away
When charities bring in more than they did the year before, they spend only about a quarter on services and sock away most of the rest.
By Alex Daniels
Contributor
Drug, Tech, and Financial-Services Companies Top List of Corporate Donors
The Chronicle’s 2018 report on corporate giving features 19 years’ worth of data on philanthropy among the country’s largest public companies.
By Peter Olsen-Phillips and Alex Daniels
Most grant makers would be better off using basic investing strategies rather than relying on active money managers and exotic financial instruments, the data shows.
By Marc Gunther
Contributor
In other news about people in philanthropy, the American Diabetes Association taps a new CEO, and EngenderHealth has a new president
By M.J. Prest
Senior Editor, Solutions