Study: Less Than Half of Foundations Use Impact Investing
About 85 percent of the CEOs surveyed said financial returns were the most important consideration.
By Rebecca Koenig
Contributor
Brooklyn Museum Finds New Head in World of Alternative Arts
Looking outside the museum world for new leadership, the Brooklyn Museum on Tuesday named Anne Pasternak, president of New York arts group Creative Time, as its next director, writes The New York Times.
N.J. Man Jailed for Running Illicit Bank Disguised as Charity
Moshe “David” Schwartz, who was ensnared in a massive 2009 corruption sting for operating a bogus nonprofit as an unchartered bank used by clients to hide assets from authorities, was sentenced Tuesday to 27 months in prison, NJ Advance Media reports.
Back From Cuba, Minnesota Orchestra Reaches New Labor Deal
Fresh off a historic tour of the Caribbean country, the organization announced new deals with its musicians and conductor that continue its rebound from a bitter labor standoff that silenced the orchestra for 16 months, the Minneapolis Star Tribune reports.
Grants Roundup: Grainger Foundation Awards $20 Million to Chicago’s Field Museum
Other awards include $2 million from the Carroll and Milton Petrie Foundation to support community college students transferring to New York University.
By Eden Stiffman
Senior Editor
4 Cancer Charities Charged in $187 Million Fraud Case
Updated: Federal Trade Commission suit charges nonprofits and some executives with using deceptive fundraising pitches.
$55 Million Gift Pushes U. of Miami Past $1.6 Billion Target
With the donation from the family of Stuart Miller, head of one of the country’s largest homebuilding and mortgage firms, the university reached its capital-campaign goal more than a year ahead of time, the Miami Herald reports.
Justice Kennedy Rejects Advocacy Group’s Donor-Disclosure Appeal
Supreme Court Justice Anthony Kennedy turned down an emergency appeal late Monday by a nonprofit advocacy group seeking to reverse California court rulings requiring it to identify donors to state officials, writes the Los Angeles Times.
Obama Foundation Raised $5.4 Million in First Year
The nonprofit launched in early 2014 to finance and oversee the future Obama presidential library received money from 11 donors last year, many of them longtime Obama backers, the Associated Press and the Chicago Sun-Times report, citing tax filings released Monday.
Syracuse U. Takes Trust to Court Over Spending of Bequest
Syracuse University has filed suit seeking more information on how the trust of a late professor used up most of a $2.8 million bequest to the institution that was intended to help pay three faculty salaries for 20 years, The Post-Standard writes.