Daily News Roundup: Gates Foundation Is Paying Off Nigeria’s Polio Debt
The foundation will pay off a $76 million loan the country got from Japan in 2014 to aid the fight against polio. In other articles, the tax code benefits real-estate investors but is bad news for art collectors; the law is also a “one-two punch” for nonprofits and for giving; the Pittsburg Foundation files a “friend of the court” brief in a gerrymandering case; and much more.
Tax Law Eliminates Giving Incentive for 21 Million Americans, Study Says
The number of taxpayers who itemize under the new law will plunge from 37 million to about 16 million in 2018, according to the Tax Policy Center.
By dan.parks and Megan O’Neil
Postal Rates Would Increase for Nonprofits Under Proposal
Charities have until March 1 to comment on the proposed changes.
By Timothy Sandoval
Contributor
Daily News Roundup: Jeff Bezos Is Giving $33 Million for Dreamer Scholarships
The money will go to TheDream.US, a nonprofit that former Washington Post owner Don Graham founded. In other news, advocates worry that the tax bill will make affordable housing more scarce; Treasury Secretary Steven Mnuchin says deducting property taxes as charity is “ridiculous"; before Eric Trump resigned from his charity, he continued to host events that benefited his father’s companies; an anonymous donor gave $100 million to a mental-health and addiction center; and much more.
Podcast: How Reshma Saujani Helps Girls ‘March Up Into the Middle Class’
This week’s Business of Giving features the founder of Girls Who Code, which has helped thousands of girls in all 50 states get a head start on promising careers.
Kansas City Hospital Gets $150 Million for Pediatric Research
The Hall Family Foundation and the Sunderland Foundation each donated $75 million to Children’s Mercy Hospital.
By Ariella Phillips
Contributor
World Vision President to Retire After 20 Years; Alexandria Community Foundation Names New Leader
Plus, the National Audubon Society installs new leaders at three state affiliates, and Mark Israel, a pediatric oncologist, has been named national executive director of the Israel Cancer Research Fund.
By M.J. Prest
Senior Editor, Solutions
Chronicle’s Headline About Donor-Advised Funds Lacked Context
An article about a research study showed that it takes four years for money to cycle in and out, note the leaders of four community foundations, who say that is “a quick turnaround.”
PayPal Users Gave $8.5 Billion to Charity in 2017, a 16% Spike Over Last Year
Year-end giving grew sharply, too — the result of a good economy and strong appeals to give online from nonprofits.
By Timothy Sandoval
Contributor
Nonprofits Win as Tech Company Replaces Referral Bonuses With Donations
Cloud storage company Box says employees have responded positively to its unusual effort to build a culture of charity. Meanwhile, the company is saving money.
By Megan O’Neil
Contributor