Mother Teresa’s Charity Halts Adoption Services in India
The Missionaries of Charity, a Roman Catholic order, opted to stop providing adoption services following an Indian government mandate that single and divorced parents be able to adopt, reports the Associated Press.
Nonprofit Kentucky Insurer Is Latest Co-op Casualty
The Kentucky Health Cooperative will stop offering insurance plans at the end of the year, becoming the fifth of 23 nonprofit providers set up with federal aid under the Affordable Care Act to shut down, The Courier-Journal in Louisville and Becker’s Hospital Review report.
Notre Dame Alumni Give $20 Million for Investment Institute
The donation from 1996 graduates James Parsons, a financier, and Carrie Quinn, a pediatrician, will endow a center for investment and managing at the university’s Mendoza College of Business, the South Bend Tribune reports.
Ex-Head of Maine Charity Gets 4 Years for $4.6-Million Theft
Russell “Rusty” Brace was also ordered to repay United Mid-Coast Charities the money he embezzled throughout a 15-year tenure as president of the Camden, Me., nonprofit, the Portland Press Herald reports.
Gifts Roundup: $50 Million to Georgetown University to Develop Leadership Skills
Other recent donations include $25 million each to Duke University and the University of Missouri.
By Maria Di Mento
Senior Editor
Impact Investments Don’t Have to Sacrifice Financial Return, Says Study
A new examination of more than 550 investments finds social-purpose companies perform comparably to the markets.
By NICOLE WALLACE
Features Editor
Denver Foundation and Physicians for Peace Get New CEOs
Other personnel changes this week include a new leader at Chabot Space and Science Center.
By anais.strickland
Contributor
U.N. to Audit Deals With Foundations Tied to Bribery Inquiry
Secretary General Ban Ki-moon has ordered an internal review of United Nations interactions with two nonprofits linked to a U.S. corruption investigation that led to the arrest this week of a former General Assembly president, Reuters and The New York Times report.
NYU Engineering Students Protest Renaming for Big Donors
A student-led petition opposing the renaming of New York University’s Polytechnic School of Engineering for a couple who donated $100 million had drawn more than 1,000 signatures as of Thursday, writes The Wall Street Journal.
$25 Million for U. of Missouri and $20 Million for NYU Plastic Surgery
The University of Missouri announced a $25-million donation Thursday from energy executive Richard Kinder’s family foundation to expand a program for the study of democratic principles, The Kansas City Star and the Columbia Daily Tribune write, and the New York University School of Medicine received a $20-million contribution from medical entrepreneur Hansjӧrg Wyss to bolster its Department of Plastic Surgery, Becker’s Hospital Review reports.