Mega-Gifts on the Rise at Colleges, Study Says
While donations of more than $50-million were up in 2014, the total number of contributions greater than $1-million declined by 8 percent.
By Alex Daniels
Contributor
Business Leaders Move Quickly to Send Thousands of Kids to See ‘Selma’ Free
A “pop-up philanthropy” effort flourished in New York City and beyond, with successful African-Americans eager to share the story of the civil-rights struggle.
By Rebecca Koenig
Contributor
Koch-Backed Nonprofit Wins Stay on Revealing Contributors
A federal judge on Tuesday temporarily blocked California from compelling donor disclosure by the Americans for Prosperity Foundation, a conservative advocacy group with close ties to billionaire industrialists Charles and David Koch, Blooomberg writes.
Pa. Senate Backs Measure to Let Legislators Define Charities
The Republican-controlled Senate in Pennsylvania voted along party lines Tuesday to advance a proposed state constitutional amendment that would give lawmakers the authority to determine which organizations qualify for charitable tax breaks, reports The Associated Press.
Gates Foundation Divests From McDonald’s, Coca-Cola, Exxon
A Bill & Melinda Gates Foundation spokesman would not comment on why the world’s largest philanthropy sold its stake in three companies in the last quarter of 2014, Bloomberg reports.
Foreign Governments Step up Giving to Clinton Foundation
Donations from governments abroad to the Bill, Hillary & Chelsea Clinton Foundation have accelerated since the former first family’s charity dropped a self-imposed ban on accepting such gifts in 2013 with the United Arab Emirates, Saudi Arabia, Australia, and Germany among recent contributors, writes The Wall Street Journal.
Tenn. Man Accused of Defrauding Donors to Sandy Hook Charity
A Nashville man who established a runners’ group to aid those affected by the December 2012 school shooting in Newtown, Conn., has been indicted on charges that he kept most of the more than $100,000 the charity raised, the Associated Press reports.
Will Dispute Holds Up Bequest of Nazi-Era Dealer’s Art Trove
The Kunstmuseum Bern in Switzerland has been unable to take possession of a collection of works bequeathed to it by the son of a Nazi-era art dealer—and begin the process of restituting works determined to have been looted from Jewish owners under the Third Reich—due to a legal fight over the late donor’s will, according to The New York Times.
Points of Light’s New CEO Plans to Expand Reach Through Technology
Tracy Hoover, formerly president of the nation’s largest volunteerism charity, moves up to the top spot.
By Eden Stiffman
Senior Editor
Princeton U. Receives $300-Million Rare-Book Bequest
The late oil heir William H. Scheide, who built a library at Princeton University to house one of the world’s finest collections of rare books and manuscripts, willed ownership of the trove to the New Jersey institution, The Philadelphia Inquirer reports.