Twelve of America’s most generous donors are in Silicon Valley and beyond, and many are under 40.
JPMorgan Chase Pledges $10-Million to Study Its Philanthropic Impact
The bank, which plans to spend $1-billion over the next five years, hired the Urban Institute to figure out what’s working.
By Alex Daniels
Contributor
New S.F. Hospital Gets $75-Million From Zuckerberg and Chan
The gift from Facebook CEO Mark Zuckerberg and his wife, pediatrician Priscilla Chan, will fund critical equipment and advanced medical technology at San Francisco General Hospital’s new building, set to open at the end of the year, the San Francisco Chronicle reports.
IRS Chief Wary of 2016 Impact for Nonprofit Politicking Rules
Commissioner John Koskinen says the agency does not have a set timeline to pursue new restrictions on nonprofit groups’ political work and wants to ensure that “it doesn’t look like we’re trying to influence the 2016 election,” Bloomberg writes.
After Years of Growth, Teach for America Recruitment Falling
Applications to join the national education nonprofit, which sends new, quickly trained college graduates into troubled school districts for two-year classroom stints, are down by about 10 percent from a year ago, the second straight decline after 15 years of growth, writes The New York Times.
Mass. Health Chain Rethinks Expansion After Court Rebuff
The new chief executive of Partners HealthCare tells The Boston Globe the nonprofit Massachusetts medical system will “re-evaluate” its growth plans following a judicial blow to its proposed purchase of three more hospitals.
Ex-Head of Ala. Health Charity Accused of $14-Million Fraud
The former CEO of a Birmingham, Ala., nonprofit whose mission is providing health care to the poor and homeless, has been charged with diverting millions of dollars in federal grant funds, property, and other assets for private gain, The Birmingham News reports.
Taking on Corcoran Collection Transforms National Gallery
The New York Times and The Washington Post report on the National Gallery of Art’s absorption of the now-closed Corcoran Gallery of Art’s collection, an unprecedented transfer that could dramatically remake the National Gallery.
Major Museums Sour on Photo-Facilitating ‘Selfie Sticks’
The Museum of Modern Art, the Getty Center, and other prominent institutions have banned “selfie sticks,” citing concerns that the gadgets that allow users to hold cameras at a distance and take better self-portraits pose a hazard to visitors and exhibits, CBS New York and Washington’s WJLA television report.
Robert Wood Johnson Pledges $500-Million More to Fight Childhood Obesity
The 10-year commitment will focus on children under age 5, especially in low-income and minority families.
By Alex Daniels
Contributor