House Panel Says Review of NFL’s Nonprofit Status Under Way
The House Oversight Committee is reviewing the tax-exempt status of the National Football League and 10 other sports bodies, the Huffington Post reports.
L.A. Museum in Deal With Hyundai to Spotlight Korean Art
The 10-year sponsorship agreement with the automaker, which the Los Angeles County Museum of Art director termed “unprecedented” for the institution, will drive exhibitions focused on Korean art and support the museum’s art and technology program, reports the Los Angeles Times.
Ousted Chancellor Popular With Donors Might Stay at Ole Miss
A week after voting not to renew University of Mississippi Chancellor Dan Jones’s contract, the state’s College Board is prepared to reverse course and retain the popular campus leader, whose departure threatened to cost the school millions of dollars in donations, according to the Associated Press.
Dana-Farber Holds Competition to Spur Fundraising Ideas
Taking a cue from the ubiquitous television reality shows, the cancer institute offers unusual prizes for ideas with growth potential and staying power.
By Holly Hall
Contributor
Clash at Koret Foundation Shows Perils of Cloudy Succession Plans
As baby boomers die and younger relatives are installed on family-foundation boards, legal squabbles may be increasingly common.
By Alex Daniels
Contributor
Judge Tosses Suit Seeking Harvard Fossil-Fuel Divestment
A Massachusetts judge ruled that a group of Harvard students did not have legal standing to force the university to end its investment of endowment funds in fossil-fuel companies, student newspaper The Harvard Crimson reports.
Financial Firm Rolls Out Packet of Cause-Related Stock Funds
Putting a charitable twist on the “robo-investing” trend, a California insurance and financial-services firm is offering a new batch of stock portfolios for online trading that are tied to particular social causes, reports The Wall Street Journal.
Corporate Voluntarism Not Always a Boon for Nonprofits
Large-scale corporate service projects can be more of a burden than a blessing for recipient charities, The Boston Globe writes in an article detailing the pitfalls for nonprofits attempting to accommodate well-meaning businesses and hordes of volunteers.
Gifts Rename Buildings at Yale and Indiana U.
A 14-story tower on Yale University’s campus will be renamed for David Swensen, the longtime manager of the school’s endowment, following a $25 million gift made in his honor, Bloomberg writes. And an Indiana University-trained lawyer has made a $20 million legacy gift to his alma mater’s law school, reports the Indiana Daily Student.
Couple Pours Millions Into Saving Migrants on Mediterranean
A wealthy businessman from Louisiana and his Italian wife, now living on the Mediterranean island of Malta, established a charity and outfitted a rescue boat to help safeguard the lives of African and Middle Eastern migrants making the risky sea crossing to seek a new life in Europe, NPR writes.