Daily News Roundup: Southern Baptist Seminary Fires Leader Over Handling of Sex-Abuse Allegations
Paige Patterson was let go after statements he made about spousal abuse while he was in a previous job were published. In other articles, IBM is pledging $30 million over five years for a global effort to tackle social challenges such as relief after natural disasters; Melinda Gates has been supporting venture-capital firms led by women and minorities; and more news and articles about the arts.
Updated: Wells Fargo Pledges to Give $400 Million Cash in 2018
The announcement by the financial giant, which follows a long list of misdeeds that have harmed customers, may make the company the biggest corporate cash donor in the nation.
By Megan O’Neil
Contributor
Large Charities Work to Smooth Midlevel and Big-Gifts Work So Donors Don’t Fall Through Cracks
Donors who give the midlevel range — typically $1,000 to $10,000 — are getting more attention and more staff time, according to a study by Sea Change Strategies.
By Timothy Sandoval
Contributor
Daily News Roundup: Insiders Reap Big Rewards From Foundations
in other articles, a study found that the University of Louisville Foundation overpaid its former president and other ex-officials $3.9 million; the New York attorney general says a veterans charity sold tickets to a raffle that didn’t take place; the Giving Pledge has added 14 more philanthropists; a look at how Warren Buffett’s fundraising lunches started; and more news as well as articles about big donors.
Grants Roundup: Google.org and Accenture Pledge Big Grants for Economic Development
Also, the Stavros Niarchos Foundation puts $27.5 million toward revitalizing agriculture in Greece, and the actor Ashton Kutcher funnels $4 million through his tech company to the Ellen DeGeneres Wildlife Fund.
By M.J. Prest
Senior Editor, Solutions
Daily News Roundup: Koch Fund Boosts Education Giving
The Charles Koch Foundation is giving far more to colleges and universities even as its philanthropy is facing more scrutiny. In other articles, single people are often seen as selfish, but research shows otherwise; the number of college students volunteering has hit an all-time low; a nonprofit that thrived after 9/11 has languished in recent years; and more, including opinion and the arts.
Gifts Roundup: 2 TV Celebrities and a Former Politician Give Millions for Scholarships
In other news about big gifts, Steve and Connie Ballmer gave $20 million to help first-generation college students, and former Price Is Right host Bob Barker gave $1 million to Drury University.
By Maria Di Mento
Senior Editor
Endowment Managers Stand Pat Despite Market Worries, Survey Says
Three quarters say they have made no changes to investment portfolios because of recent market fluctuations, according to the NEPC Endowment and Foundation Survey.
By Megan O’Neil
Contributor
Daily News Roundup: Preparing for Rules to Protect Data
A new regulation will affect nearly any group that uses data originating in the European Union. In other articles, Red Nose Day raised more than $42 million; an opinion writer says the Internal Revenue Service may eliminate a form that could lead to revealing names of donors who give more than $5,000; and more articles about the arts and nonprofit news.
Podcast: 2 Nonprofits Focus on Females to Raise Literacy Rates
The heads of Worldreader and Room to Read discuss how vital women’s literacy is to society. Ending gender inequality in education, especially in developing countries, is key.