House Looks to Weaken Church-Politicking Ban Via Spending Bill
An early draft of an appropriations bill would prevent the IRS from stripping a church of nonprofit status for prohibited political activities unless authorized by the agency’s top official, and would require Congress to be notified of the move.
By Timothy Sandoval and Megan O’Neil
Sloan Foundation Names Academic Veteran as New Leader
Adam Falk, a physicist, was once awarded a research fellowship by Sloan and has served as president of Williams College since 2010.
By Alex Daniels
Senior Editor, Foundations
Merck Fund Names New Chief; Aspen Music Festival Hires Top Fundraiser
Plus, major personnel moves at the James Beard, James Graham Brown, and Akonadi foundations.
By HEATHER JOSLYN
Contributor
Daily News Roundup: Colonial Williamsburg Foundation Restructures as Endowment Dwindles
The operator of the historic Virginia site will shed jobs and outsource operations following steep financial losses. Also, Harvard gets set to overhaul its endowment portfolio, and a jury backs the government’s long-running effort to seize a Manhattan skyscraper from an Iran-linked charity.
Daily News Roundup: GuideStar Sued Over ‘Hate Group’ Labels
Liberty Counsel, a Christian legal nonprofit, said it was defamed by the since-removed tags at the charity tracker’s website. Also, two states are looking into Trump lawyer Jay Sekulow’s charity operations, and the Kellogg Foundation commits $24 million to organizations battling racism.
Foundation Salaries Inched Upward in 2016, Study Finds
The median salary for all full-time employees in 2016 was $77,561, up from $76,905 in 2015, according to the Council on Foundation’s annual compensation survey.
By Megan O’Neil
Contributor
Middling Returns Have Nonprofits Rethinking Investments and Spending, Survey Finds
Low interest rates and sluggish endowment growth have many organizations looking to reallocate their assets or cut back on spending, according to a recent survey.
By Alex Daniels
Contributor
Daily News Roundup: Trump Lawyer and His Family Got Millions From His Nonprofit
A media report details the financial dealings of Trump defense attorney Jay Sekulow’s Christian charity network. Also, Los Angeles lawmakers approve George Lucas’s plan to build his $1 billion museum in the city, and the internet gets it wrong on Mitch McConnell’s childhood polio treatment.
Grants Roundup: $35 Million From Walton Fund Supports Colo. and Miss. River Conservation
Also, the Stavros Niarchos Foundation awards $150 million to establish an institute for democracy studies and civic engagement at Johns Hopkins University.
By Rebecca Koenig
Contributor
Cultural Groups Lead Nonprofits in Media Attention, Survey Shows
Large organizations got an average of two media hits a week last year. Health groups did best on social media.
By Megan O’Neil
Contributor