Alibaba Puts $129-Million Into Entrepreneurship Nonprofit
The Chinese Internet giant announced the creation of a new nonprofit aimed at helping Hong Kong entrepreneurs build businesses using Alibaba’s platforms, according to The Wall Street Journal.
Verizon Donates $50-Million for Cornell’s NYC Tech Campus
The telecommunications company’s name will adorn a hub building at Cornell University technology campus, now under construction on an East River island, the Ithaca Journal and Forbes write.
$20-Million Gift Kicks Off Centre College Fundraising Drive
The Kentucky liberal-arts college received an anonymous $20-million donation to support a new scholarship program and announced a $200-million campaign aimed at recouping much of a planned mega-gift Centre lost in 2013, reports the Associated Press.
Police Pin Pa. Charity Official’s Murder on Theft Suspicion
Philadelphia police have arrested an employee at a youth nonprofit accused of murdering a co-worker who planned to report his alleged misappropriation of tens of thousands of dollars from the charity, The Philadelphia Inquirer reports.
Nonprofits and Government Agencies React to Obama’s Proposed Budget
Charities and grant makers find things to like—and to dislike—in a nearly $4-trillion budget package for fiscal year 2016 released by the White House on Monday.
By Megan O’Neil
Contributor
Obama Budget Again Calls for Limit to Charitable Deduction
The $4-trillion plan would also raise the capital-gains tax but would provide an exemption if the assets are donated to charity.
By Alex Daniels
Contributor
Nationwide’s Super Bowl Debut Fumbles Safety-Awareness Drive
Nationwide joins forces with a nonprofit to prevent accidents but is criticized for its ad’s morbid tone.
By NICOLE WALLACE
Features Editor
Wealthy Donors Fuel Giving Boom for Major-College Sports
Athletic departments at major colleges collected a record $1.26-billion in donations last year, more than double the total a decade ago, The Chronicle of Higher Education writes, citing the Council for Aid to Education’s annual review of college and university giving.
Boston College Center on Wealth and Giving to Wind Down
With its longtime leaders planning to retire, the Center on Wealth and Philanthropy, which has provided in-depth data and analysis on the charitable behavior of the very rich for 45 years, will close by the end of the year, The Boston Globe reports.
Charities Rethinking Donor’s Ties Amid Sex Scandal
Some past beneficiaries of Jeffrey Epstein’s philanthropy say they would decline future gifts from the financier in the wake of allegations that he trafficked an underage girl for sex with Britain’s Prince Andrew and other prominent figures, according to Reuters.