Working With Donor-Advised Funds: The Basics
Donor-advised funds continue to boom. Here are answers to some frequently asked questions about receiving donations from the accounts.
Daily News Roundup: National Endowment for the Arts Chair to Step Down
In other articles, the CEO of the Hershey Trust resigns amid an inquiry into the organization’s board; the Kennedy Center is considering withdrawing arts and comedy awards it has given Bill Cosby; the president of George Mason University said some financial gift agreements the institution has accepted raise questions about donor influence; and other articles about Yale’s courting of Stephen Schwarzman, an investigation into a veterans charity’s fundraising expenses and more.
Philanthropy’s Growth Constrained by Restrictions in 40% of Countries, Study Finds
A new study finds only modest improvement in the landscape for giving in 79 nations.
By Ben Gose
Senior Editor
Daily News Roundup: Silicon Valley Fund CEO on Leave ‘Until Further Notice,” Says Board
Emmett Carson will continue to be paid while two law firms investigate the allegations. In other articles, the Yawkey Foundations is objecting to the renaming of a Boston street that had been named after philanthropist Tom Yawkey, who some say was a racist; Dallas considers its own memorial in light of the opening of the National Lynching Museum; an article looks at Tom Steyer’s war with Donald Trump; and much more about giving and innovation and nonprofit management.
Daily News Roundup: $70 Million Gift Goes to Houston Park Restoration
In other articles, the San Francisco Conservatory received a $46 million contribution; longtime philanthropists offer advice for new donors; the University of Louisville and its foundation have sued a former president of the university over alleged misuse of foundation money; an article examines how a progressive think tank handled sexual harassment allegations; and much more on big donations and management and nonprofit news.
Study Tallies 260,000 Foundations Worldwide, With Education as Top Cause
Nearly three-quarters of grant makers were established in the last 25 years, according to the report by the Hauser Institute for Civil Society at Harvard University.
By Maria Di Mento
Senior Editor
Daily News Roundup: Silicon Valley Fund Widens Inquiry Into Workplace Complaints
Amid complaints from donors, the Silicon Valley Community Foundation has hired a second law firm to investigate a “toxic” work environment. In other articles, the Philadelphia school board has decided to accept a $25 million gift from Stephen Schwarzman for his former high school; the NRA has broken its fundraising record; a lawsuit is seeking details of a gift to George Mason University from the Charles Koch Foundation; and other articles about sexual harassment and giving and more.
Daily News Roundup: Huge Wealth Magnifies Silicon Valley Community Foundation Scandal
In other articles, a New Jersey legal case could prompt another battle over the separation of church and state; a Yale professor says nearly every country seems to be backsliding on human rights; new federal rules for funding teen-pregnancy programs favor abstinence; universities and charter schools get big gifts; outside donors such as the Koch brothers and the Chinese government get extra scrutiny at Texas universities; and much more about nonprofit news and arts and culture.
Daily News Roundup: Save the Children Chair Steps Down
Alan Parker resigned before his term ended, saying the nonprofit needed to rebuild trust. In other articles, complaints about sexual misconduct have tripled since the Oxfam scandal, says Britain’s Charity Commission; the Open Society Foundations may leave Hungary; a nonprofit created to pay Missouri Gov. Eric Greitens’s legal bills raised no money last month; artificial-intelligence researchers are making $1 million-plus at nonprofits; and other articles on big gifts and donor research and more.
Daily News Roundup: Brown U. Gets $100 Million
The gift, from an alumnus, will go to a neuroscience institute. In other articles, President Trump’s NASA nominee allegedly used a nonprofit to benefit himself; accusations of bullying and inappropriate sexual comments have prompted an investigation at the Silicon Valley Community Foundation; employees at the Soros Foundation have unionized; Missouri Governor Eric Greitens is accused of misusing a charity donor list; and other articles about millennial donors and the arts and much more.
A Star Performer Created a ‘Toxic Culture’ at the Silicon Valley Community Foundation, Say Insiders
An investigation is looking into reports of bullying, sexual comments, and an oppressive office culture.
By Marc Gunther
Contributor
Daily News Roundup: Gates Adds $1 Billion More to Malaria Fight
The foundation grant will invest in research and development efforts through 2023. In other articles, the Art Institute of Chicago has landed gifts of $50 million and $20 million; Seattle public radio station KEXP receives $10 million; plus, news, features, and opinion about the endowment tax and American orchestras and Liberty University and more.
Grants Roundup: Akamai Commits $50 Million to Boost Math Programs
Also, Audubon nets $10 million for grass-roots climate-change activism, and the Laura Bush Foundation for America’s Libraries is offering $1 million in grants for school libraries damaged in last year’s natural disasters.
By M.J. Prest
Senior Editor, Solutions
Daily News Roundup: Harvard, Yale, and Others Trying to Repeal Endowment Tax
Thirty colleges are aiming to help two members of the House (a Democrat and a Republican) find sponsors for a bill. In other articles, Amherst gets $100 million from an anonymous alum to match “gifts at very significant levels"; Sheldon and Miriam Adelson are giving $70 million to the Birthright Israel Foundation; Beyoncé donates $100,000 to historically black colleges; and articles about one of the world’s wealthiest charities and universal basic assets and more.
Daily News Roundup: Donors Are Going Back to Their Hometowns to Fix Them Up
Often they require a combination of philanthropy and investments with a social return. In other articles, the Ford Motor Company has agreed to pay the Abell Foundation and a technology firm to use a hybrid engine technology; Report for America, a nonprofit that works like AmeriCorps, plans to place 1,000 journalists in understaffed newsrooms by 2022; the Twin Cities is going informal, holding fewer black-tie events; and other articles about the Obama Foundation and data-analysis tools and more.
Foundations Gear Up to Influence 2018 Elections
Private and community foundations are seeking ways to get out the vote and influence state-level campaigns, said numerous speakers at a Council on Foundations meeting that attracted 200 grant-making officials.
By Alex Daniels
Contributor