Donors in Fight With Ohio State U. Over Use of Gift: Daily News Roundup
Michael Moritz’s widow and son say the university is illegally using money from the endowment for “development fees.” In other articles, professors at St. Louis University claim a recent $50 million contribution gives the donor a say in hiring; the divestment movement to combat climate change has gained momentum; Marc Benioff says his purchase of Time magazine fits in with other impact investing; and more about nonprofits and government and arts and culture.
Analyzing Bezos’s $2 Billion Tweet, Line by Line
Jeff Bezos’s pledge has the philanthropy world buzzing, but it’s short on specifics. We parse his announcement for whatever clues it may provide.
By Alex Daniels
Senior Editor, Foundations
In Sobering New Report, Bill and Melinda Gates Ask: ‘Is Poverty Inevitable?’
The second installment of their annual “Goalkeepers” report raises fresh alarms that the current political environment and other factors are making it difficult to sustain momentum for humanitarian achievements.
By Julian Wyllie
Contributor
Heinz Family Foundation Awards 6 Individuals $1.5 Million for ‘Changing the World’
The six winners will get $250,000 each. The awards go to people who have made extraordinary and innovative attempts to solve social, global, and environmental challenges.
By Julian Wyllie
Contributor
Daily News Roundup: Controversial Nonprofit That Houses Migrant Kids Suing Houston
Also, a top physician at Sloan Kettering has resigned amid reports that he failed to disclose millions in payments from health-care companies in research articles; donations to storm relief in the Carolinas is coming from Michael Jordan, professional sports teams, universities, among other sources; and other articles on nonprofits on the law, big gifts, and much more.
How to Make Peace a Relevant Cause for Millennials
Working behind the scenes, nonprofits brought the nuclear-war dilemma to life on the popular television show Madam Secretary. Here’s what more we need to do, says a young grant maker.
By Genevieve Boutilier
Contributor
Daily News Roundup: Food Banks in S. Carolina Already Low on Supplies
Groups in evacuation zones have closed, straining those that are still open. Plus, a University of Michigan regent rejected thousands of dollars in campaign contributions; an artist’s daughter sued the Corcoran Gallery of Art’s board for the return of her mother’s sculptures; a judge sided with an ex-employee of the Gates Foundation who said he had been misled about the scope of his job and then fired; and more about Jeff Bezos’s philanthropy, other big gifts, innovation, and sexual misconduct.
Grant Makers Boost Climate-Change Commitments by $3 Billion
The pledge, announced at the Global Climate Action Summit in San Francisco, raises questions about how best to deploy the infusion of cash without inflaming deep divisions over the issue.
By Alex Daniels
Contributor
Daily News Roundup: Airbnb to Help People Displaced by Hurricane Florence Find Places to Stay
The company has activated its “response tool” so hosts can open their homes to people who have been evacuated and relief workers. Plus, St. John’s College has a philanthropy-centered plan to cut tuition; the president of Texas Tech talks about the loss of a $10 million gift; tech entrepreneurs are trying to make money while helping people do things like make down payments on new homes; and much more about big donors, philanthropy and government, and cultural groups.
JPMorgan’s $250 Million in Grants Presents Opportunities for Nonprofits Nationwide
Cooperation will be key for charities to tap the funding pool, which also includes $250 million in loan guarantees. It’s a major expansion of the company’s efforts, which previously focused on a handful of cities.
By Alex Daniels
Contributor
Grants Roundup: JPMorgan Chase to Support Economic Opportunity in Cities
Also, the Laura and John Arnold Foundation is committing $30 million in cash and loans to create a nonprofit pharmaceutical company to produce generic drugs to help drive down prices.
By M.J. Prest
Senior Editor, Solutions
Foundations Commit Nearly Half a Billion to Reduce Global Warming
The nine grant makers’ efforts will focus largely on preventing deforestation, restoring and managing croplands and rainforests, and recognizing the land rights of local and indigenous people.
By Alex Daniels
Contributor
Daily News Roundup: Amherst Gets Anonymous $50 Million Donation
Also, a $50 million gift to Saint Louis University has sparked controversy because under the agreement, the donor would have a say in who was hired to run a center for applied economic research; and the Gates Foundation has given $20.5 million to Johns Hopkins to study sexual-health issues for young people. Plus, a look at Jeff Bezos’s giving so far and what he might do in the future; and other articles about giving and nonprofits and the law and more.
Daliy News Roundup: China’s Richest Man to Retire and Focus on Giving
A former teacher, Alibaba’s Jack Ma is worth more than $40 billion and plans to spend time and money on education. Also, a board member of a prominent center at the University of Virginia has resigned a year after offering to finance a shoe-shopping spree for women on the staff; health charities were the biggest beneficiaries of the $3.7 billion British gave to charity in their wills last year; and much more news, plus articles on giving and arts and culture.
What Foundations Can Learn From New Research on Voting
Providing more voter education, improving voter access, and reducing inequities are key next steps where philanthropy can make a difference.
By ari simon, kate wolford, Mcknight and Kresge
How Puerto Rico’s Nonprofits Aim to Shape the Island’s Recovery
Nearly a year after Hurricane Maria, local groups and philanthropy aim to seize opportunities born of the tragedy.
By Drew Lindsay
Senior Editor, Special Projects