Daily News Roundup: Oxfam Admits Sexual Misconduct
Also, Oxfam is facing funding losses amid the growing crisis. Plus, two opinion pieces on Oxfam: Its obsession with public relations has hurt its mission; and its current troubles are no reason to cut foreign aid. In other news, Kenneth Cole is pushed out as amfAR chair over Weinstein controversy; Newman’s Own avoids major tax hit; and more news and leadership changes.
Daily News Roundup: Oxfam Staff Paid Haiti Earthquake Survivors for Sex
In other news, former employees of the Cato Institute describe years of sexual harassment; the pharmaceuticals industry used an anti-addiction ally in its opioid fight; only one charity that received money from a men-only fundraising dinner where hostesses were sexually harassed has made an effort to give back the money; plus more news, big gifts, and opinion and analysis articles.
Podcast: The Impact Millennials Will Have on Philanthropy
This week’s Business of Giving podcast features the authors of Generation Impact: How Next Gen Donors Are Revolutionizing Giving.
Surdna and Andrus Award Grants to Build Next Generation of Social-Justice Philanthropy
Twenty-one nonprofits will receive grants to build donor networks that share ideas about how to promote racial and class equity.
By NICOLE WALLACE
Features Editor
Helen Diller Foundation Gives UC-San Francisco Second $500 Million Pledge
The latest round of funding, which is for a new medical center, brings the grant maker’s total contributions to the university to more than $1.1 billion.
By Maria Di Mento
Senior Editor
Silicon Valley Community Foundation’s Assets Outpace Ford Foundation
For the first time in recent memory, a community foundation is now in the top ranks of grant makers. Only the philanthropies of George Soros and Bill and Melina Gates have bigger endowments.
By Alex Daniels
Senior Editor, Foundations
Daily News Roundup: Giving Plummets at USC Amid Medical-School Scandal
Donations to the University of Southern California from July to December last year were $100 million less than during the same period in 2016. In other news, women make 21 percent less than men at Wellcome Trust, Britain’s largest charity, the group says; Houston billionaires gave a medical center $25 million; and more.
‘Forbes 400′ and ‘Giving Pledge’ Billionaires Who Gave Big in 2017
Only 17 people on the Forbes 400 list of the wealthiest Americans appear on this year’s Philanthropy 50 list.
By Maria Di Mento
Senior Editor
The 2018 Philanthropy 50: Where They Live, Where They Give, and More
We break down our ranking by geography, age, and source of wealth and examine big-donor giving going back to 2000.
By Maria Di Mento and Ariella Phillips
New Mellon Foundation Leader Plans to Raise Its Profile
Poet and scholar Elizabeth Alexander, who spoke at Barack Obama’s first inauguration, becomes the first black woman to serve as president of the nation’s pre-eminent humanities foundation.
By Alex Daniels
Contributor
Daily News Roundup: Conn. May Try to Dodge Tax-Deduction Cap With Charitable Gifts
In other news, President Trump may soon nominate a tax lawyer to head the Internal Revenue Service; the new tax law would eliminate the deduction donors have been getting for prime seats at college games; Hollywood’s Time’s Up has raised $20 million; the Charles Koch Foundation has been giving millions to colleges to study criminal justice and foreign policy; and more.
Grants Roundup: $25 Million for Cystic Fibrosis Drugs
Other recent grants include $11 million to the American Heart Association in collaboration with the American Stroke Association, and $14.5 million to two medical institutions at Stanford, plus other grant-making news.
By M.J. Prest
Senior Editor, Solutions
Daily News Roundup: New Tax on Nonprofit Pay Will Hit Different Hospitals Differently
How nonprofit hospitals are structured will determine how much they will owe. In other news, a former official at a charity founded by John Kerry’s daughter is facing a criminal charge for violating a conflict-of-interest law by lobbying former colleagues; Syracuse gets $20 million for a veterans project; a top investigator in the international ivory trade has been found dead; and more.
Opinion: Giving Outsiders More Power Can Help Grant Makers Solve Problems
More and more foundations are delegating authority for setting grants strategy and decision making. But will more grant makers adopt the approach — and should they?
By CYNTHIA GIBSON and Chris Cardona
Daily News Roundup: Humane Society CEO Resigns
Wayne Pacelle stepped down after sexual-misconduct allegations, a revolt by major donors, and a threat from employees that they would walk out. In other news, the founder of a nonprofit to close Rikers Island left the organization after an accusation of misconduct; the philanthropist Jon Huntsman Sr. has died; hundreds of Girl Scouts are pushing to rename a Ga. bridge, now named after a segregationist, after the group’s founder; the Clinton Foundation is launching a nonprofit to help hurricane relief efforts in the Caribbean; and more.
Daily News Roundup: 7 Board Members Resign From Humane Society Over CEO Staying On
In other news, the University of Pennsylvania has stripped honors from Steve Wynn and Bill Cosby over accusations of sexual misconduct; the Red Cross general counsel has resigned over handling of sexual assault and harassment allegations; the new tax law could alter how people give to charity for years; the University of Michigan invested billions in funds run by donors’ firms; and much more about big gifts and nonprofit innovation and how nonprofits are dealing with sexual impropriety.