Daily News Roundup: How Silicon Valley Donors Are Reshaping Education
Also, the Supreme Court rules that faith-affiliated hospitals need not abide by federal regulations on insuring employee pensions, and an art critic mounts a climate-based case for cultural institutions to reject Koch philanthropy.
Turning Credit-Card Rewards Into Donations
A new partnership between a credit-card company and a donor-advised fund lets users accumulate earned dollars in charitable-giving accounts.
By Rebecca Koenig
Contributor
With endowments struggling to generate robust returns, experts wonder if charities and foundations should tighten their belts — or lower their expectations.
Daily News Roundup: How a Conservative Charity Helped Build Trump’s White House
The David Horowitz Freedom Center, a self-styled “School for Political Welfare,” incubated hard-line positions on immigration and Islam adopted by the Trump administration. Also, the latest twist in the battle between billionaire philanthropists over Pier 55, a planned riverfront performance space in New York.
Gifts Roundup: $10 Million Bequest Backs Women’s Scholarships at Southeastern Louisiana
Other notable donations include $15 million to support recreation and scholarships in a Northern Michigan county and $10 million to build a home for Stonehill College’s business school.
By Maria Di Mento
Senior Editor
Foundations and Donors Vow to Step Up on Climate Change as U.S. Steps Back
Michael Bloomberg, who pledged another $15 million to the cause, was among those reacting swiftly and angrily to President Trump’s decision to pull out of the Paris accord.
By dan.parks
Contributor
Daily News Roundup: Questions Raised on Conservative News Site’s Nonprofit Ties
Most of the journalists providing content for the for-profit Daily Caller are empoyed by a foundation that shares office space with the right-wing outlet. Also, a New York drug-treatment charity admits to multimillion-dollar Medicaid fraud, and a Maine grant maker looks to turn a post-industrial town into an artist colony.
Obama Museum Names First Director; American Association of University Women Gets New Leader
Plus, the Chuck Lorre Family Foundation and the Arizona Commission on the Arts hire new top executives, and other notable personnel news.
By anais.strickland
Contributor
New Community Foundation Aims to Combat Islamophobia
Started by a young fundraiser, the American Muslim Fund has set a goal of raising $5 million by the end of 2020.
By Rebecca Koenig
Contributor
Daily News Roundup: Trump Set to Exempt Faith Groups From Birth-Control Rule
A draft White House regulation would let religiously affiliated nonprofits opt out of the Obamacare mandate that workplace health plans include contraceptive care. Also, Illinois shuts down a controversial telemarketer, and Michael Bloomberg talks about the fight against noncommunicable diseases.