Rockefeller Brothers Fund Among 50 Divesting From Fossil Fuels
The descendents of John D. Rockefeller, who built the family’s wealth on oil, will announce plans Monday to end investment in fossil-fuel industries by its $860-million philanthropic organization, reports The New York Times.
Activists Seek Federal Inquiry Into Walmart’s PAC-Charity Link
Labor and advocacy organizations are calling on the Federal Election Commission to investigate Walmart over a program that matches employees’ support for the company’s political-action committee with gifts to a charity fund for needy workers, The Wall Street Journal reports.
Millennial Donors Likely to Favor Social and Environmental Causes
Financial advisers hoping to win the business of millennials set to inherit tens of trillions of dollars over the next several decades should master the language of giving, experts tell The Wall Street Journal.
University of Arizona Receives $50-Million Bequest
The donation from the estate of Agnese Nelms Haury, a Tucson philanthropist and the widow of an eminent University of Arizona professor, pushes the institution past the $1-billion in a $1.5-billion capital campaign, The Arizona Republic and the Arizona Daily Star write.
Charity Behind Popular N.Y. Festival Donates Few Proceeds
The nonprofit that runs the Feast of San Gennaro, a popular annual event in New York City’s Little Italy, gives away less than 5 percent of its proceeds to charity, only a couple of points more than when the festival was controlled by the mob, according to the New York Daily News.
Heads of Foster-Care Charity Accused of Embezzling $460,000
The husband-and-wife operators of Little People’s World, a Southern California nonprofit that runs group homes for foster kids, will be arraigned Monday after being charged last week with channeling the taxpayer-funded charity’s money into property purchases and other personal expenses, reports the Los Angeles Times.
X-Prize Taps the Crowd to Tackle Global Education
The organization is seeking software compelling enough that kids in villages in sub-Saharan Africa will teach themselves literacy and math.
By Avi Wolfman-Arent
Contributor
Pay Gaps Persist Between Men and Women in Top Nonprofit Jobs
Women continue to make gains in senior positions, but their progress has been slow, especially at the biggest groups, says a report.
By HEATHER JOSLYN and CODY SWITZER
Nonprofit CEO Pay Raises Are Still Below Pre-Recession Levels
Leaders gained a median 2.2-percent increase in pay in 2012, according to a GuideStar analysis of compensation at 91,000 organizations.
By PETER PANEPENTO
Contributor
Technology Service Charity DoSomething.org Opens 8 Global Affiliates
New groups in Africa, Asia, Canada, and Great Britain are already working on campaigns in literacy and other areas.
By NICOLE WALLACE
Features Editor