China’s New Charity Law Aims to Unlock Stagnant Giving
The measure, expected to be approved by the country’s legislature Wednesday, would expand tax incentives for donors and lift restrictions on nonprofits’ fundraising activities, The Wall Street Journal writes.
Dog-Rescue Charity Linked to Alleged Tex. Investment Fraud
The bankruptcy trustee representing creditors of a financial firm accused of defrauding investors out of $1.3 billion alleges that the company’s former head used an animal-welfare charity to evade taxes and steer millions of dollars to his mistress, according to Bloomberg.
Nearly 100 Nonprofit Colleges Flunk Federal Financial Exam
Ninety-four nonprofit institutions of higher learning failed to meet Education Department standards for financial health in the 2013-14 academic year, The Chronicle of Higher Education reports.
Donations to Wounded Warrior Project Slow After Spending Scandal
One of the group’s top fundraisers canceled his own contributions and encouraged other donors to do the same, The New York Times reports.
Homelessness Among Veterans Drastically Reduced in Some Cities and Counties
Successes in more than 20 areas are due in large part to government partnerships with social-service groups that are cutting through bureaucratic barriers, The Boston Globe reports.
‘Game of Thrones’ Actors Featured in International Rescue Committee Ads
The charity is working with cast members of the HBO fantasy show to raise awareness and $1 million for its campaign benefiting refugees and victims of conflict, The New York Times reports.
Metropolitan Opera Donations Are Up, but Credit Rating Is Unchanged
Despite declining attendance, the opera has “uncommonly high donor support,” but Moody’s Investors Service kept its credit rating steady with a negative outlook, The New York Times reports.
Gifts Roundup: $37 Million to UC-Davis for Eye Care and Research
Other big donations include $35 million to the University of Chicago to expand its urbanization research and policy programs.
By Maria Di Mento
Senior Editor
Wounded Warrior Upheaval Shows Perils of Fighting Charity Watchdogs
Former CEO Steve Nardizzi fought those who criticized his group’s spending on travel and other expenses. Regardless of whether he was right, his brash style may have doomed him, experts say.
By Timothy Sandoval
Contributor
Starbucks Executive to Lead My Brother’s Keeper Alliance
Other personnel changes include a new leader at EarthShare and new executives at the Charity Defense Council.
By anais.strickland
Contributor