Daily News Roundup: How a Conservative Charity Helped Build Trump’s White House
The David Horowitz Freedom Center, a self-styled “School for Political Welfare,” incubated hard-line positions on immigration and Islam adopted by the Trump administration. Also, the latest twist in the battle between billionaire philanthropists over Pier 55, a planned riverfront performance space in New York.
Daily News Roundup: Questions Raised on Conservative News Site’s Nonprofit Ties
Most of the journalists providing content for the for-profit Daily Caller are empoyed by a foundation that shares office space with the right-wing outlet. Also, a New York drug-treatment charity admits to multimillion-dollar Medicaid fraud, and a Maine grant maker looks to turn a post-industrial town into an artist colony.
Obama Museum Names First Director; American Association of University Women Gets New Leader
Plus, the Chuck Lorre Family Foundation and the Arizona Commission on the Arts hire new top executives, and other notable personnel news.
By anais.strickland
Contributor
Daily News Roundup: Trump Set to Exempt Faith Groups From Birth-Control Rule
A draft White House regulation would let religiously affiliated nonprofits opt out of the Obamacare mandate that workplace health plans include contraceptive care. Also, Illinois shuts down a controversial telemarketer, and Michael Bloomberg talks about the fight against noncommunicable diseases.
Conservative Foundations Aren’t Racing to Change Grants Strategy Because of Trump
Concerns about the president’s ideological allegiance and his troubled White House may be getting in the way of an aggressive approach by right-leaning grant makers.
By Alex Daniels
Contributor
Daily News Roundup: Ford Foundation to Return to Detroit With Satellite Office
The grant maker is re-establishing a physical presence in its native city 64 years after moving its headquarters to New York. Also, Google co-founder Sergey Brin is reportedly building the world’s largest aircraft with a charitable purpose in mind.
Innovative nonprofits and foundations are turning to impact investing to attract commercial capital to their causes. But some observers worry the investments that blend social and financial returns could change the way donors think about charitable giving.
Commercial giants like Goldman Sachs and BlackRock are the big players in a burgeoning field, but philanthropic institutions increasingly view their investments as tools to tackle the world’s toughest problems.
By NICOLE WALLACE
Features Editor
What Happens to Giving as Impact Investing Grows?
Some donors say the strategy is changing how they give in powerful ways; others doubt that it can displace traditional philanthropy, especially with causes like feeding the hungry.
By NICOLE WALLACE
Features Editor
Building the Market for Impact Investments
Charities and foundations are tackling gaps in impact investing’s infrastructure to help fulfill the field’s promise of social and environmental change.
By NICOLE WALLACE
Features Editor
Impact-Investing Pioneers Take Stock
For more than a decade, the Heron and Northwest Area foundations have invested their endowments with the goal of spurring social good. They’re drawing on lessons learned to tweak their approaches.
By NICOLE WALLACE
Features Editor
Inside Ford’s Billion-Dollar Bet on Mission Investing
Fifteen years after putting money from its program budget into Tesla as part of its environmental and economic-development strategy, the foundation is staking a hefty chunk of its endowment on similarly mission-focused investments.
By Alex Daniels
Senior Editor, Foundations
How Nonprofit Endowments Performed
This interactive database has survey data collected by The Chronicle on hundreds of nonprofit endowments going back to 2003. New to this year’s report is historical information on hundreds of groups using information from IRS form 990s and 990PFs.
By Peter Olsen-Phillips
Contributor
How The Chronicle Compiled Its 2017 Report on Nonprofit Endowments
We surveyed hundreds of large nonprofits about their investment funds and drew data from IRS filings by more than 7,000 charities and foundations.
By Peter Olsen-Phillips
Contributor
Ric Weiland was an early Microsoft employee and a “data-driven geek.” His carefully structured bequest brought the LGBT movement a decade of success — and a model for philanthropy that aims to fuel social change.
By Heather Joslyn
Contributor
Dallas Chef Creates a Stir With Program for Troubled Kids
When the local United Way started looking for promising new talent in nonprofits, acclaimed chef Chad Houser was its first find. Hundreds of kids from juvenile-detention centers have benefited from his innovative work program.
By Drew Lindsay
Senior Editor, Special Projects