Fundraising Company Classy Wins $18 Million in Investment
The startup, which offers crowdfunding tools for nonprofits, announced Tuesday that it has secured $18 million in an investment round led by entrepreneur and philanthropist Peter Thiel’s Mithril Capital Management, writes The San Diego Union-Tribune.
Push-Up Challenge Draws Jimmy Kimmel, Stephen Colbert, Carson Daly
Several big names have participated in a lighthearted campaign to help veterans, but nonprofits have yet to find the next ice-bucket phenomenon.
By Megan O’Neil
Contributor
W.Va. Lottery Agency Says Gambling Fundraising Events Are Illegal
Officials with the West Virginia Lottery Commission are exploring ways to stem a resurgence of casino-style charity fundraising events, which the agency contends are barred by state law, reports the Charleston Gazette.
Do ‘Global Statesmen’ Like Clinton and Blair Help Charity?
The emergence of former political leaders such as Bill Clinton, Jimmy Carter, and Tony Blair as world statesmen using philanthropy to pursue their agendas — and the phenomenon’s impact on aid organizations and other charities — is examined by the Thomson Reuters Foundation.
Social Innovation Fund Report Finds Signs of Success
But many beneficiaries say the evaluation mandate is a financial burden.
By Alex Daniels
Contributor
IRS Plans to Begin Releasing Electronic Nonprofit Tax Forms Next Year
The agency is working on technology to make the forms available in computer-readable format.
By SUZANNE PERRY
Contributor
Diana Aviv Leaving Independent Sector for Feeding America
The longtime nonprofit leader, who has headed the coalition for a dozen years, said the Feeding America job “presented itself” a few months ago.
By Alex Daniels
Senior Editor, Foundations
High Court Delays Contraceptive Rule for Some Faith Groups
The Supreme Court issued an order Monday barring the Obama administration from enforcing the Affordable Care Act’s birth-control mandate on certain religious nonprofits until it decides whether to hear the groups’ appeal, reports The New York Times.
Leaders’ Pay Hits New Heights at Big N.Y. Arts Institutions
The top executives at the Museum of Modern Art, Lincoln Center, the Metropolitan Opera, the Metropolitan Museum of Art, and the American Museum of Natural History earned more than $1.2 million each in 2013, according to a Wall Street Journal review of major New York City arts groups’ tax filings for that year.
As Earnings Rise, Big Law Firms Giving Little for Legal Aid
Major law firms reaped record revenues last year but donated only one-tenth of 1 percent of their proceeds to legal aid for the needy, The New York Times writes, citing an analysis by The American Lawyer magazine.