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.
New Chiefs Promoted at Mary Black and Honolulu Biennial Foundations
Also, Friends of the Children adds fresh leadership in New York and Los Angeles, and the Dallas philanthropist Margaret McDermott has died at age 106.
By M.J. Prest
Senior Editor, Solutions
Podcast: How Food Corps is Helping Americans Eat Better
In this week’s Business of Giving podcast, Curt Ellis, creator of the documentary King Corn, discusses the detrimental effects of corn on the U.S. food system and how it hurts young people of color the most.
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.
Growth or Mission? The Silicon Valley Community Foundation Made the Wrong Choice.
It started raising money from all over for causes everywhere — and lost its way.
By Strategy, Governance and Alan M. Cantor
The Basics of Measurement: Start Here
Find out questions to ask before you get started, what nonprofit watchdogs are looking for, and much more.
Rising Demand for Services May Overwhelm an Uptick in Charity Finances, Study Finds
The survey by the Nonprofit Finance Fund found that 64 percent of charities managed to achieve a surplus, but 57 percent of nonprofit leaders say they can’t keep with a rising demands for services.
By Ben Gose
Senior Editor
Daily News Roundup: New $3.2 Billion Health Foundation Will Focus on N.Y. State
The Catholic Church created the charity from the sale of its nonprofit health plan, Fidelis Care. In other articles, the Mormon Church has cut all ties with the Boy Scouts; increasingly the top jobs at museums are held by people other than wealthy white men; the Baltimore Symphony Orchestra’s after-school music program has ballooned in size and achieved success; and much more about giving and the arts and other news.
Daily News Roundup: Eyeglasses Could Improve a Billion Lives
Poor eyesight can be devastating, but it is often overlooked as a public health issue. In other articles, Stephen Schwarzman’s gifts often spark controversy, but that doesn’t stop him; comments by a prominent Baptist church leader are seen as demeaning to women; the head of a U.N. sexual-harassment committee was promoted while the subject of a sexual-harassment inquiry; the Kennedy Center honor for Bill Cosby has been rescinded; and more news and opinions.
5 Ways Small Nonprofits Can Improve Financial Health
Charities with budgets of $1 million or less face many of the same challenges as similarly sized businesses, but they need not struggle to stay afloat.
By DAVID KING
Contributor
Foundations Push Census Turnout in Worrisome Times
Grant makers are concerned that a new citizenship question, combined with growing anti-immigrant sentiment, could suppress response to the 2020 population count.
By Alex Daniels
Contributor
Islamic Relief USA and JPMorgan Chase Foundation Promote From Within for Top Posts
Also, Congress confirms a new chairman for the National Endowment for the Humanities and the Hershey Trust’s CEO steps down.
By M.J. Prest
Senior Editor, Solutions
Daily News Roundup: Planned Parenthood Sues to Block Change In Family-Planning Program
Three groups are suing the Trump administration over “radical” changes to a family-planning program. In other articles, Boy Scouts is changing the name of its flagship program to Scouts BSA now that girls are joining; a Kenyan health group that rejected the Trump administration’s abortion policy lost $2 million in aid; a Missouri committee investigating Gov. Greitens says he lied to the state ethics commission about a donor list; and more news and Bill Gates and the Koch Industries.
Daily News Roundup: Koch Gifts Bought Influence and Prompted Query
A gift agreement allowed the Charles Koch Foundation to have a say in hiring and firing of professors at George Mason University. In other articles, the problems at the Silicon Valley Community Foundation appear to run deep; Mark Zuckerberg donates $14 million to Chicago schools; the Obama Foundation has announced plans to open a public library branch at his presidential center; and much more, including how to increase endowments and Jeff Bezos’s philanthropy.
More Turmoil at Silicon Valley Community Foundation as Chief HR Official Resigns
The departure of the giant grant maker’s vice president in charge of personnel comes after its No. 2 executive left amid allegations of harassment and bullying and its CEO was placed on leave.
By Megan O’Neil
Contributor