Exercise App Looks to Help Charities Cash in on Pokémon Go
As the wildly popular mobile game sends millions of Americans in search of virtual creatures, an application that lets users raise money for causes as they walk, run, or bike is seeking to turn Pokémon-related trekking into donation dollars, The Huffington Post writes.
Utah Says It Will not Fully Enforce Law on Donor Disclosure
In settling a free-speech suit brought by three Utah nonprofits, the state’s attorney general agreed not to enforce provisions of a 2013 law requiring groups to identify all donors if they spend at least $750 in a year on efforts to influence an election, the Associated Press reports.
New CEOs for Chimes International and Prison Fellowship
The DiCaprio and GE foundations and Habitat for Humanity’s San Francisco chapter also named new leaders.
By anais.strickland
Contributor
Schwab Donors Gave 12% More to Charities in Fiscal 2016
Noncash gifts like stock and real estate made up nearly 60 percent of contributions to the organization’s donor-advised funds.
By HEATHER JOSLYN
Contributor
House Panel Subpoenas Advocacy Groups in Climate Fight
The Republican-led Science, Space, and Technology Committee is seeking documents from eight environmental nonprofits in the widening political battle over state investigations of ExxonMobil’s record on climate change, reports The Washington Post.
Hershey Trust Pressured to Expedite Governance Changes
Pennsylvania’s attorney general is threatening to take trustees of the $12.1 billion charity that controls Hershey Co. to court if they do not implement promised reforms by the end of the month, The Wall Street Journal reports.
Central Park Nonprofit Launches $300 Million Drive
The Central Park Conservancy kicks off the public phase Thursday of a 10-year campaign to raise money for renovations and improvements of many of the park’s iconic but aging features, reports The New York Times.
FEC Finds Violations by Formerly Koch-Linked Nonprofits
Three groups formerly associated with Charles and David Koch’s conservative network have been fined by the Federal Election Commission for breaching campaign-finance rules in their funding of political advertisements, writes The New York Times.
Big-Time Philanthropy Remains Slow to Take Hold in China
While China’s rapid economic growth has minted hundreds of billionaires, only 8 percent of them have donated at least $80 million to charity during their lifetimes, Barron’s writes.
Colleges Dialing Down Endowment Spending as Returns Shrink
Bracing for slim investment gains or outright losses, some colleges and universities are scaling back spending from their endowments on financial aid, faculty, and other expenses, Bloomberg reports.