Survey Finds Big Nonprofit Investors Souring on Hedge Funds
Hedge funds’ high fees and lagging recent returns are prompting endowments and foundations to limit the funds’ place in their portfolios, Bloomberg reports, citing a new survey of large nonprofit investors.
Growth of Black Lives Matter Comes With Tension Over Agenda
Amid continuing and sometimes violent protests of police killings of African-American men, Black Lives Matter is grappling with how to pursue change in the criminal-justice system as a coalition of loosely aligned groups with shifting approaches and goals, reports The Wall Street Journal.
Nonprofit Details Plans for Memorial to Lynching Victims
Legal-rights organization the Equal Justice Initiative is set to formally unveil plans Tuesday for the country’s largest memorial and museum dedicated to the victims of racial murders, scheduled to open next year in Montgomery, Ala., The New York Times reports.
Presidents and Faculty Gave Millions to Their Own Universities, Data Shows
New data from The Chronicle of Higher Education’s Almanac also shows that Stanford University raised $1.6 billion in private support, more than double the amount of any other university except Harvard, which raised $1 billion.
By dan.parks
Contributor
Human-Rights Champion Gave Little to Help Dissidents From a Yahoo Fund
Harry Wu, who spent nine years in Chinese Labor camps, left a tarnished legacy after granting only $1.2 million to Chinese dissident families from a $17 million fund set up by the tech giant for that purpose, writes The New York Times.
Admissions Offices Wary of Students Exaggerating Charity Work
College admissions officers and advocates for changing college entrance processes say they are concerned that many high-school students doing things like making fleeting “mission trips” to beef up their college applications, New York Times columnist Frank Bruni writes.
Gifts Roundup: Eli Lilly CEO Gives $5 Million to Central Indiana United Way
Other notable gifts include $5 million from basketball legend Michael Jordan to the National Museum of African American History and Culture.
By Maria Di Mento
Senior Editor
Independent Sector Names Education Technology Leader as COO
The hiring of Hopscotch Ventures founder Victor Reinoso will support Independent Sector’s “new vision” of using technology to foster better collaboration among its members, said Dan Cardinali, the nonprofit-advocacy group’s new chief executive.
By Rebecca Koenig
Contributor
Warren Buffett’s Sister Seeks Volunteers to Help Decide Where to Give Money
Doris Buffett is looking for volunteers in the Greater Boston area to help her wade through a backlog of letters to her brother from people asking for financial help, reports the Boston Globe.
Hillary Clinton’s Tax Return Shows 10% Giving Rate in 2015
Tax forms made public Friday show the Democratic presidential nominee and former President Bill Clinton donated 9.8 percent of their $10.6 million in adjusted gross income last year, The Wall Street Journal and USA Today report.