50-Year Librarian at N.H. College Leaves It $4 Million
The University of New Hampshire announced the unexpected bequest Tuesday from a longtime campus-library cataloguer who died last year after decades of assiduous saving and frugal living, The Union Leader of Manchester, N.H., reports.
Grants Roundup: Bloomberg Fund Gives $32 Million to Support City Leaders
Other notable awards include $10.1 million from the Herb Alpert Foundation for music education and grants from the AARP Foundation and New York Life to aid Louisiana flood victims.
By Rebecca Koenig
Contributor
Citizens United Must Disclose Big Donors to N.Y., Court Says
A federal judge ruled that the conservative advocacy group must comply with a regulation that nonprofits identify $5,000-plus donors in filings to the state’s attorney general, the Associated Press reports.
1 in 3 Rich Donors Held Their Philanthropy Back
Affluent supporters are seeking more information on results and want to see less spending on overhead, a study of thousands of wealthy donors finds.
By Eden Stiffman
Senior Editor
Why College Alumni Don’t Give to Their Alma Maters: They Think Other Charities Need Money More
Among graduates who give, 26 percent said they would donate more if they could earmark their money for specific campus purposes, according to a new survey.
By Eden Stiffman
Senior Editor
Parkinson’s Researcher Says Feud With Fox Fund Delays Drug Trial
A clinical trial for a promising new treatment for Parkinson’s disease is in limbo amid a dispute between Georgetown University scientists and the Michael J. Fox Foundation, the most prominent Parkinson’s charity, health-news site Stat reports.
Missing $500,000 Gift Prompts Inquiry at N.Y.’s City College
The City University of New York is conducting an internal investigation into what happened to the donation to its flagship campus, the City College of New York, after senior faculty learned the account that was supposed to hold the contributed funds was nearly empty, reports The New York Times.
World Vision Says Its Review Cleared Staffer Charged in Gaza
The Christian aid charity says it conducted an internal investigation of its Gaza director months before he was accused by Israeli authorities of diverting millions of dollars to militant Palestinian group Hamas and found no evidence of wrongdoing, The Wall Street Journal reports.
Finance Firms Battle for Growing College-Endowment Business
Managing university endowments has emerged as fertile growth territory for banks and investment firms, which now oversee about $100 billion in such assets, writes Bloomberg.
Firm With Ties to Chelsea Clinton Manages Foundation Assets
Summit Rock Advisors, a New York investment firm whose managing director is a longtime friend of Ms. Clinton’s, was selected by the Clinton Foundation in 2014 to oversee the charity’s now-$250-million endowment, reports The Wall Street Journal.