Daily News Roundup: Koch Foundation Will Post College Gift Agreements Online
Amidst of a controversy over a George Mason University gift arrangement that allowed the grant maker possible influence over faculty hiring, the foundation says it will make all future multiyear agreements available online. In other articles, the Montana governor has filed suit against the Trump administration to keep it from allowing some nonprofits to refrain from disclosing big donors; and Raices will spend $3 million on flights and housing for migrant families. Plus, more news and opinion.
Fundraisers’ Pay Hikes No Match for Inflation, Report Says
Only 30 percent got increases of 4 percent or more in 2017, according to the Association of Fundraising Professionals annual survey.
By HEATHER JOSLYN
Contributor
Grants Roundup: Tesla Promises $37.5 Million to STEM Programs in Nevada
Also, an arts fund created by the playwright and actor Lin-Manuel Miranda has made its first grants in Puerto Rico.
By M.J. Prest
Senior Editor, Solutions
Daily News Roundup: How a Group Working for Migrants Is Using a $30M Windfall
Raices is making plans for the $21 million raised on Facebook and the millions more that are still flowing in. In other articles, a New York nonprofit that takes care of immigrant children has tripled its revenue; lawyer Jay Sekulow is using the Trump administration’s actions to raise money for his own group; the University of Wisconsin at Oshkoch Foundation has filed an $18.5 million claim against the UW system; and other articles about foundations and big gifts and museums and more.
When Salaries Are Bigger Than Grants
Our look at 20,000 foundations identified 49 at which the compensation paid to staff and board members accounted for more than half of the foundations’ charitable grant making.
By Peter Olsen-Phillips and Megan O’Neil
Daily News Roundup: The Rich Differ With Advisers on How Tax Law Will Affect Giving
About 58 percent of wealthy people say tax policy won’t change their giving, but wealth managers and others disagree. In other articles, American women are rushing in to help separated families; some migrant families are reunited at a nonprofit in Texas; after being fired over sexual-harassment allegations, KIPP co-founder starts new education group; Steve Bannon plans to set up a foundation to boost the far right in Europe; and other articles about innovation, the arts, young people, and more.
States Spark Endowment Gifts With Special Tax Incentives
With the federal tax law making it less likely that all but the ultrawealthy will take charity tax breaks, states are showing growing interest in ways to promote donations.
By Timothy Sandoval
Contributor
Gifts Roundup: Sale of NFL’s Carolina Panthers Spurs $30 Million Gift for Kids
Also, Luther Seminary receives $21.4 million for an accelerated divinity school program, and a couple in addiction recovery gave $2 million to fight the opioid crisis.
By M.J. Prest
Senior Editor, Solutions
Daily News Roundup: Dozens of Fake Veterans Charities Pocket the Money They Raise, Says FTC
The Federal Trade Commission and others have worked together on more than 100 actions against phony nonprofits, which have collected tens of millions in cash and goods. In other articles, a Senate panel approved the Trump administration’s IRS nominee along party lines; a nonprofit for immigrants refuses $250,000 from Salesforce.com; resettlement charities fold or shift their focus as the number of migrants drops; plus more articles on innovation, nonprofits and the law, and opinion.
U.N. Foundation Names Head of Girls and Women Strategy; New CFO at Gates
Also, the Environmental Defense Fund adds a new leader for its oceans program, and Jane Chu, former chairman of the National Endowment for the Arts, joins PBS.
By M.J. Prest
Senior Editor, Solutions