Grants Roundup: $100 Million Given for Health Care and Housing in Puerto Rico
The money will be split between Habitat for Humanity and Direct Relief. Also, the National Air and Space Museum will use $1 million to build a design hangar, Virginia Tech gets $3 million to teach blockchain programming, and other noteworthy grants.
By M.J. Prest
Senior Editor, Solutions
Daily News Roundup: ‘Free-Market Philanthropy’s’ Impact on Scientific Research
Billionaires are investing more in biotechnology, raising questions about diversity and more. In other articles, a former Gates Foundation executive will be chancellor of the Pennsylvania State System of Higher Education; the Education Department is conducting a review after a report that teachers’ grants had been converted to loans; a House Committee subpoenaed bank records of a nonprofit tied to Missouri Gov. Greitens; and other articles about sexual misconduct and museums and more.
Foundations and Nonprofits Split Over How to Respond to Tax Changes
A survey shows both groups believe giving from individuals will decline, and many charity leaders want grant makers to be more vocal in promoting the importance of nonprofit organizations as a whole.
By Alex Daniels
Contributor
Daily News Roundup: $180 Million Renovation for 92nd Street Y
In other articles, colleges may try several strategies to avoid the tax on their endowments, like increasing enrollment to reduce endowment-per-student ratio; the Metropolitan Opera found evidence that former conductor James Levine abused or harassed seven people; a mysterious benefactor’s $16 million loan to a college raises questions; and other articles about health care and opinion and more news.
Daily News Update: New Trump Administration Rule Ties Funding to Abortion Restrictions
The effort takes aim at Planned Parenthood, said some administration officials. In other articles, a campaign lawyer for Missouri Gov. Greitens says a Greitens aide took a donor list from a veterans charity, and a Missouri House committee wants a court to compel the Greitens’s nonprofit to turn over records; the Obama presidential library drew scattered protests in Chicago; and much more on nonprofit innovation and the arts and other news.
Kaiser Permanente Puts $200 Million Into Low-Cost Housing
The health-care giant says it has created a $200 million impact-investing fund to address the issue.
By Alex Daniels
Contributor
Behind the Scenes of Sloan’s $180 Million Effort to Connect Science and the Humanities
The documentary Bombshell: The Hedy Lamarr Story, one of the foundation’s latest projects, tells the little-known story of how a famous actress invented technologies that helped change the world — and led to the technology behind Wi-Fi and Bluetooth.
By Maria Di Mento
Senior Editor
Daily News Update: Oxfam Chief Announces Departure
Mark Goldring mentioned the nonprofit’s ‘past failings’ after the group’s sex-abuse scandal. In other articles, leaked documents show that the American Museum of Natural History and the World Wildlife Fund have fossil-fuel holdings despite their public positions on climate change, and the University of Virginia gets $20 million for graduate-student fellowships. Also see opinion pieces about helping Jeff Bezos donate his billions; advice to Bill Gates and Mark Zuckerberg on Education; and more.
Daily News Roundup: A New Way to Fund Nonprofits
The approach is backed by the likes of Richard Branson, Pierre Omidyar, and other big names. In other articles, Bill Gates has given $44 million to influence education policy; donor-advised funds, which allow for big tax breaks but have little oversight, have become popular with Silicon Valley philanthropists; and San Francisco nurses want “Zuckerberg” removed from their hospital’s name. Plus, other articles about wealthy heirs, the biggest ACLU donor, and more.
Grants Roundup: Communities in Schools Gets $17 Million, Plus $15 Million for Detroit
Also, the University of Kentucky will use $4.9 million to treat opioid addiction in pregnant women, and the MeToo Fund gets a $1 million boost.
By M.J. Prest
Senior Editor, Solutions
Daily News Roundup: Soros Foundations Leaves Hungary Under Pressure
In other articles, hedge-fund managers contribute millions of dollars to the Robin Hood Foundation, which backs groups that picket hedge funds; a finance writer questions the ethics of the philanthropy of Jeff Bezos, Bill Gates, and Mark Zuckerberg; and Seattle tries to help the homeless by taxing companies like Amazon. Plus, see articles about arts and culture as well as other news and features.
Daily News Roundup: Noted Aid Worker Charged With Child Rape
The Canadian humanitarian worker, working in Nepal, is accused of raping at least two boys, ages 12 and 14. In other articles, the Boy Scouts is lobbying against proposals in some states that could expose it to more child-abuse lawsuits; Silicon Valley CEO Emmett Carson is reportedly negotiating his departure; Harvard’s former head of real estate made nearly $24 million; plus news and opinion about the Kochs’ philanthropy and more news.
Foundations Move $737 Million to Donor-Advised Funds, Chronicle Study Shows
There is almost no information available about where that money eventually ends up, and critics say it may be a tactic used by some grant makers to avoid foundation payout requirements.
By Peter Olsen-Phillips
Contributor
Donors Pool $40 Million to Light a Fire Under Pay-for-Success Programs
Steve and Connie Ballmer put up $20 million, Prudential Financial added $10 million, and the Kresge Foundation put up to $10 million to shield investors from losses.
By Alex Daniels
Contributor
Daily News Roundup: Food for the Poor’s Charity Status Under Attack
The California attorney general says the charity inflates the value of donated pharmaceuticals in its tax filings. In other articles, tables for a lavish Clinton Foundation gala are going for as much as $100,000; Democrats are giving nearly $9,000 in contributions from former N.Y. Attorney General Eric Schneiderman to a domestic-violence charity; an app has helped deliver a million pounds of food to the hungry in Atlanta; and more about giving and the arts and harassment.
Daily News Roundup: Slate’s New List of the Biggest Charities
The online magazine found the 10 largest nonprofits by revenue for nine nonprofit sectors. In other articles, philanthropy in China is growing; an expert in public health and social services suggests how Jeff Bezos should spend $131 billion; a trend toward authenticity in history museums is changing black tourism; the Humane Society and Big Isle Residents are trying to rescue pets in Hawaii; and more news.