‘Impact Investing’ Is on the Rise
An article in Bloomberg explores the rising tide of wealthy investors looking to support for-profit enterprises that also benefit society. They include AOL co-founder Steve Case and his wife, Jean, who have backed a handheld device to detect head trauma, which initially will benefit people in the military.
Cancer Charity Rejects Donations Tied to Celebrity Photo Leak
The Prostate Cancer Foundation has returned donations raised in connection to the leak of nude celebrity photographs, writes The Washington Post.
Louisville Food-Charity Founder Sentenced for Stealing
Hugh “Stan” Curtis received a two-year jail sentence for stealing more than $180,000 from his now-shuttered charity, USA Harvest, The Courier-Journal reports.
Ore. Nonprofit Executive Allegedly Lied While Collecting Public Funds
A nonprofit in Portland, Ore., received more than $1.2-million in public money over the last seven years, all while its leader allegedly lied about his credentials, according to an investigation by The Oregonian.
Paris’s Picasso Museum to Reopen in October
The Musée Picasso in Paris will reopen on October 25 after a five-year renovation that was marred by delays and an employee rebellion, writes The New York Times.
Blackbaud Extends Reach With $160-Million Acquisition of MicroEdge
The deal would expand the fundraising-software company’s reach to foundations, large donors, and corporations, which use MicroEdge to track gifts and social-responsibility programs.
By TOM HELD
Contributor
Spontaneous charm was key to the success of the ALS fundraising efforts, so just copying it won’t work.
By Avi Wolfman-Arent
Contributor
After Windfall, ALS Group Grapples With 2.4-Million Donor Dilemma
The ALS Foundation is on an urgent quest to hang on to the new donors who gave because of the ice-bucket challenge.
By Avi Wolfman-Arent
Contributor
Detroit Argues in Bankruptcy Trial It Can’t Be Forced to Sell Art
In the first day of the trial over a plan to eliminate more than $7-billion in debt owed by Detroit on Tuesday, a lawyer representing the city argued that unsecured creditors have no rights to be paid with proceeds from the sale of art from the Detroit Institute of Arts, Bloomberg reports.
Head of San Diego Foundation to Retire After 20 Years
The president and chief executive of the San Diego Foundation is stepping down this month after 20 years on the job, the U-T San Diego reports.