Small Foundations Are More Generous Than Larger Ones, Study Finds
As a result of their giving, grant makers with less than $1 million in assets saw their endowments shrink an average of 1.4 percent in 2016, according to a report from Foundation Source.For a look at the giving rates of big foundations, see our special report.
By Megan O’Neil
Contributor
Daily News Roundup: How the Rich Stash Charitable and Other Assets Offshore
In other news and features, a report on affluent people who leave their “wealth bubble” to help in other neighborhoods; the GOP proposes ending tax exemptions on private-activity bonds, which provide tax-free borrowing for large hospitals and universities; a troubled Massachusetts museum plans to sell Norman Rockwell paintings over the objections of the late artist’s sons; and much more.
Video: Starting From Nothing but Raising Big Sums
Michael Lomax talks about how the National Museum of African American History and Culture attracted $275 million — as well as donations of important artifacts — to create the popular institution.
Grants Roundup: $48 Million From Neilsen Foundation for New Hospital at University of Utah
Plus, the Lilly Endowment devotes $30 million to hurricane-recovery efforts, and the William Davidson Foundation gives $15 million to the Detroit Symphony Orchestra.
By M.J. Prest
Senior Editor, Solutions
Daily News Roundup: Fewer Colleges Would Be Taxed Under GOP Tax-Bill Amendment
The tax bill would also eliminate municipal bonds popular with hospitals and universities. In other news, a study shows that when business leaders serve on nonprofit boards, they have a greater appreciation for workplace diversity; Uber gives $5 million for sexual-assault prevention; and more about foundation leaders and about giving.
To Change Society, Foundations Need to Think Long-Term About Investing in Ideas
The creation of the nonprofit New Press 25 years ago demonstrates lessons for grant makers in the era of fake news and failing business models for publishers.
By Diane Wachtell
Contributor
Daily Update: Gates, Jobs, and Chan Rated ‘Most Powerful Women’ in Philanthropy
In other news, nonprofits find themselves at the center of an FBI investigation involving NCAA basketball, a youth center is involved in a Medicaid fraud scheme, and an Arkansas senator ends a company’s contract with a nonprofit drug-rehabilitation program after labor complaints.
Arnold Foundation Leader Vows Risk-Taking Grants and Steady Focus
Kelli Rhee moves into the top spot promising that the Houston grant maker will continue its efforts on criminal justice, schools, and scientific research.
By Alex Daniels
Senior Editor, Foundations
Grants Roundup: $12 Million From Moody Foundation for Children’s Medical Research
Other notable recent grants include $5 million from the Helmsley Charitable Trust for diabetes research and $3.5 million from the Mellon Foundation for the Seattle Asian Art Museum.
By Maria Di Mento
Senior Editor
Daily News Roundup: Obama Seeks to Help Young Leaders Organize
In a speech at his first leadership summit, the president said he wanted to give grass-roots organizers the tools they need to work for a cause. In other news, the University of Chicago’s economics department got a $125 million gift; donors withdraw contributions from a W.Va. Big Brothers Big Sisters over staff training on LGBT issues; and Oxfam has dismissed 22 employees over allegations of sexual abuse in the past year.
Fidelity Charitable Tops United Way for 2nd Year in a Row in the Philanthropy 400
The donor-advised-fund manager leads a pack of similar organizations in the upper reaches of The Chronicle’s annual list of charities that raise the most from private sources.
Rodents Show Surprising Versatility to Help Fight Tuberculosis
A Dutch nonprofit first employed African giant-pouched rats to sniff out land mines; now they’re helping health officials move faster to identify carriers of TB.
By Megan O’Neil
Contributor
A Young Leader Pools Funds to Fight Anti-Muslim Bias
Kashif Shaikh’s Pillars Fund aims to support charities that are fighting bias against Islam — and to simply give back.
By NICOLE WALLACE
Features Editor
Daily News Roundup: Jeff Bezos Philanthropy Still a Wild Card
In other news, the new focus of the Koch brothers’ push for public funding of private and charter schools is on Hispanics; the head of the Broad Foundation talks about her vision for the grant maker; the billionaire founder of Chobani yogurt says philanthropy is embedded in his company; and much more.
Daily News Roundup: Houston Charities Still Waiting on $76 Million in Disaster Relief Pledges
Two months after Hurricane Harvey made landfall, the nonprofits are still waiting for companies, foundations, and individuals to make good on their promises. In other news, celebrity chef José Andrés promises a long-term focus on feeding victims of natural disasters, and nonprofits are hit unevenly by federal efforts to roll back the Affordable Care Act.
Racism Is Not the Cause of Racial Disparities, Philanthropy Roundtable Speaker Says
A Wall Street Journal columnist attacked the NAACP and Black Lives Matter, while other speakers offered ideas on the role of philanthropy in a democracy and how donors could help curb the opioid crisis.
By Timothy Sandoval
Contributor