Fiscal Woes Growing for Small Nonprofit Hospitals, S&P Says
Thinning margins and declining patient volumes are raising the financial stress for small and standalone nonprofit hospitals, Reuters writes, citing a new report from credit-rating agency Standard & Poor’s.
Sen. McConnell Defends Wife’s Ties to Bloomberg Foundation
On the campaign trail Wednesday, the Kentucky Republican rejected calls for his wife, former U.S. Labor Secretary Elaine Chao, to resign from the board of Bloomberg Philanthropies because of its support for shutting down coal plants, the Lexington Herald-Leader writes.
George Kaiser Foundation Leads $350-Million Gift to Park Project in Tulsa
The Oklahoma energy billionaire’s philanthropy is turning over land, plans, and operational services worth $350-million to a public-private Tulsa agency to develop a new park along the Arkansas River, the Tulsa World reports.
L.A. Council OKs Plan to End Feud With Union-Tied Nonprofits
City lawmakers approved a proposal Wednesday aimed at ending a nearly year-long legal and political fight over the financial records of two organizations affiliated with a major public workers’ union, reports the Los Angeles Times.
School-Reform Leader Rhee to Leave Nonprofit She Founded
Michelle Rhee said Wednesday that she is stepping down as chief executive officer of StudentsFirst, the national advocacy organization she launched in 2010, to focus on the political career of her husband, Sacramento Mayor Kevin Johnson, reports The Sacramento Bee.
Pastor Accused of Stealing Nearly $1-Million From Nonprofit
An Oklahoma minister has been charged with diverting into his own pocket some $933,000 from the coffers of a nonprofit organization he founded and led, writes the Tulsa World.
Study: Big U.K. Firms’ Giving Has Nearly Doubled Since Crash
Britain’s 100 biggest publicly traded companies donated nearly $4.2-billion in 2012, compared to about $2.2-billion in 2007, but polling by a nonprofit umbrella group found that the public believes corporations to be less generous than they are, the Financial Times reports.
Paul Allen Foundation Pledges $2.8-Million to Fight Ebola
The money went to the American Red Cross, which says it’s the largest gift so far in the fight against the outbreak in West Africa.
By Megan O’Neil
Contributor
White House to Issue New Contraceptive Rules by Next Week
In court filings Friday the administration set an Aug. 22 deadline to unveil new procedures for religious nonprofits claiming an objection to the Affordable Health Care act’s mandate on birth-control coverage, Christian magazine World reports.
Viral ‘Ice Bucket Challenge’ Raising Millions in ALS Fight
A rapidly spreading social-media campaign urging people to dump a bucket of ice water on themselves has caused a huge spike in contributions to charities battling amyotrophic lateral sclerosis, the Associated Press and The Boston Globe report.