Daily News Roundup: House Bill Would Boost IRS Funding and Bar Enforcement of Politcking Ban
In other articles, the Trump administration is planning new rules that would affect states trying to find a workaround for residents who will have a bigger tax bill; the Education Department is seeking to help some borrowers who have requested loan forgiveness in exchange for public service; an opinion writer says rich CEOs are pledging money to fix problems their companies have caused; Michael Bloomberg pledges $42 million for cities; and other articles about giving and museums and more news.
How Our Obsession With College Prep Hurts Kids
Making them regurgitate facts and study subjects like calculus, which colleges want to see, doesn’t prepare them for the world, says the education reformer Ted Dintersmith. From the Chronicle of Higher Education.
By Scott Carlson
Contributor
Daily News Roundup: Rich College Endowments May Be Able to Get Tax Break
A bill has been introduced in the House that could waive the tax for some. In other articles, a Southern Baptist leader was removed as seminary president for taped comments he made several years ago about abused women; Red Nose Day raised $100 million for needy children in three years; George Mason University has plans to take the controversy out of its gift agreements; and more news and features about sexual harassment and giving.
Grants Roundup: $100 Million Given for Health Care and Housing in Puerto Rico
The money will be split between Habitat for Humanity and Direct Relief. Also, the National Air and Space Museum will use $1 million to build a design hangar, Virginia Tech gets $3 million to teach blockchain programming, and other noteworthy grants.
By M.J. Prest
Senior Editor, Solutions
Daily News Roundup: ‘Free-Market Philanthropy’s’ Impact on Scientific Research
Billionaires are investing more in biotechnology, raising questions about diversity and more. In other articles, a former Gates Foundation executive will be chancellor of the Pennsylvania State System of Higher Education; the Education Department is conducting a review after a report that teachers’ grants had been converted to loans; a House Committee subpoenaed bank records of a nonprofit tied to Missouri Gov. Greitens; and other articles about sexual misconduct and museums and more.
Foundations and Nonprofits Split Over How to Respond to Tax Changes
A survey shows both groups believe giving from individuals will decline, and many charity leaders want grant makers to be more vocal in promoting the importance of nonprofit organizations as a whole.
By Alex Daniels
Contributor
Wealthy Men More Likely Than Women to Replace Charitable Giving With Impact Investing
Women appear to be more interested than men in impact investing, a new study finds, but generational differences and who controls giving dollars are additional influences.
By NICOLE WALLACE
Features Editor
Gifts Roundup: $20 Million for ACLU, and $12 Million for Wichita State
In other news about big gifts, Leonard and Emily Blavatnik donated $10 million to Mount Sinai Health System, and the University of Baltimore gets $10 million as well.
By Maria Di Mento
Senior Editor
Daily News Roundup: $180 Million Renovation for 92nd Street Y
In other articles, colleges may try several strategies to avoid the tax on their endowments, like increasing enrollment to reduce endowment-per-student ratio; the Metropolitan Opera found evidence that former conductor James Levine abused or harassed seven people; a mysterious benefactor’s $16 million loan to a college raises questions; and other articles about health care and opinion and more news.
Podcast: How a Lonely Moment on a Mountain Sparked a Nonprofit That Helps Millions
VisionSpring founder Jordan Kassalow was enjoying the solitude of the Alaskan wilderness when he was struck by the thought that his existence didn’t matter.