Los Angeles’s Powerful Broad Foundation Names New President
Bruce Reed, who formerly worked for Joe Biden, announced his departure a year ago, leaving an opening for longtime staff member Gerun Riley to take the role.
By Megan O’Neil
Contributor
Zuckerberg Sells $95 Million in Facebook Stock for Social-Good Effort
Mark Zuckerberg and Priscilla Chan sold the stock in May, according to Securities and Exchange documents released Friday afternoon. It’s the first sale to back their pledge to put 99 percent of their Facebook stock toward efforts to improve people’s lives.
By Maria Di Mento
Senior Editor
Clinton Foundation to Curb Fundraising if Hillary Is Elected
The charity said Thursday that it will eschew all donations from corporations and foreign entities if Hillary Clinton wins the presidency and that next month’s 12th annual Clinton Global Initiative meeting will be the last, the Associated Press and CNN report.
Trump’s ‘Apprentice’ Charity Pledges Were Paid by Others
The Republican presidential nominee made more than 20 on-air promises to donate to contestant-backed charities during his seven seasons hosting The Celebrity Apprentice, but there is no evidence he personally fulfilled any of them, according to The Washington Post.
GlaxoSmithKline Tops ‘Fortune’ List of Companies Doing Good
The magazine unveiled its 2016 “Change the World” roster of 50 corporations tackling major social and environmental challenges through their core business.
Court Says Norton Simon Museum Can Keep Nazi-Looted Works
Ruling on one of the most prominent disputes over artworks stolen by the Hitler regime during World War II, a federal judge allowed the Pasadena, Calif., museum to keep two 16th-century masterpieces formerly belonging to a Dutch Jewish art dealer, The Art Newspaper reports.
Fidelity Charitable and Enactus Get New Leaders
Plus new appointments at Reading Is Fundamental, Independent Sector, and more.
By Eden Stiffman
Senior Editor
Nonprofits Face New Requirements in Financial Statements
The changes by the Financial Accounting Standards Board are meant to make information clearer for creditors, grant makers, auditors, and others that review the documents.
By Timothy Sandoval
Contributor
Fast-Growing Fidelity Charitable Names New President
The largest commercially affiliated provider of donor-advised funds raised $4.6 billion in fiscal year 2015, part of a meteoric rise for this type of giving vehicle.
By Rebecca Koenig
Contributor
Court Papers Link DiCaprio Fund to Malaysia Finance Scandal
Actor Leonardo DiCaprio’s environmentally focused foundation has been caught up in the federal investigation of a massive embezzlement case involving Malaysian sovereign-wealth fund 1MDB, writes The Hollywood Reporter.