Clinton Foundation to Curb Fundraising if Hillary Is Elected
The charity said Thursday that it will eschew all donations from corporations and foreign entities if Hillary Clinton wins the presidency and that next month’s 12th annual Clinton Global Initiative meeting will be the last, the Associated Press and CNN report.
Court Says Norton Simon Museum Can Keep Nazi-Looted Works
Ruling on one of the most prominent disputes over artworks stolen by the Hitler regime during World War II, a federal judge allowed the Pasadena, Calif., museum to keep two 16th-century masterpieces formerly belonging to a Dutch Jewish art dealer, The Art Newspaper reports.
Fidelity Charitable and Enactus Get New Leaders
Plus new appointments at Reading Is Fundamental, Independent Sector, and more.
By Eden Stiffman
Senior Editor
Nonprofits Face New Requirements in Financial Statements
The changes by the Financial Accounting Standards Board are meant to make information clearer for creditors, grant makers, auditors, and others that review the documents.
By Timothy Sandoval
Contributor
Fast-Growing Fidelity Charitable Names New President
The largest commercially affiliated provider of donor-advised funds raised $4.6 billion in fiscal year 2015, part of a meteoric rise for this type of giving vehicle.
By Rebecca Koenig
Contributor
Court Papers Link DiCaprio Fund to Malaysia Finance Scandal
Actor Leonardo DiCaprio’s environmentally focused foundation has been caught up in the federal investigation of a massive embezzlement case involving Malaysian sovereign-wealth fund 1MDB, writes The Hollywood Reporter.
Marketing Agency Puts ‘Clickbait’ to Work for Charities
RXM Creative’s Clickbait for Good project aims to use the familiar practice of luring internet users to websites with sensational and provocative headlines to help nonprofits promote causes and draw donations, The Wall Street Journal writes.
Ky. Charities Balk at Plan to Link Medicaid and Volunteering
The Kentucky Nonprofit Network says its members cannot accommodate a potential influx of tens of thousands of volunteers under Gov. Matt Bevin’s proposed “community engagement” requirement for Medicaid recipients to get their benefits, reports the Lexington Herald Leader.
Wounded Warrior Sticks With Accounting Rules That Drew Fire
New documents suggest the organization is doing little to satisfy critics who complain that it inflates program spending and understates administrative expenses.
By Timothy Sandoval
Contributor
Vanderbilt to Return 1933 Gift to Rename ‘Confederate’ Dorm
The private university in Nashville will pay $1.2 million to a donor organization to remove the word “Confederate” from the name of a campus residence hall, The Tennessean reports.
Opinion: Clinton Foundation Should Close if Hillary Wins
The charity’s fundraising represents “an inherent conflict of interest” for a potential Hillary Clinton administration, and it should make plans now to wind down if she is elected in November, The Boston Globe editorializes.
Arab-American Charity Loses Suit Over Bank-Account Closure
A federal jury decided Tuesday in favor of Bank of America in a case brought by Michigan-based aid charity Life for Relief and Development after the bank closed its account, reports the Detroit Free Press.
Philly Official Likens Ex-Mayor’s Nonprofit to ‘Slush Fund’
The city controller issued a report Tuesday questioning the use of hundreds of thousands of dollars by a City Hall-affiliated nonprofit during former mayor Michael Nutter’s tenure, The Philadelphia Inquirer and Philadelphia magazine write.
Amid Unrest and Membership Losses, Girl Scouts Seek High Energy CEO
The venerable organization will lean on its next leader to tackle a number of business challenges in an era of heightened expectations for what girls can achieve.
By Megan O’Neil
Contributor
Survey Finds Big Nonprofit Investors Souring on Hedge Funds
Hedge funds’ high fees and lagging recent returns are prompting endowments and foundations to limit the funds’ place in their portfolios, Bloomberg reports, citing a new survey of large nonprofit investors.
Growth of Black Lives Matter Comes With Tension Over Agenda
Amid continuing and sometimes violent protests of police killings of African-American men, Black Lives Matter is grappling with how to pursue change in the criminal-justice system as a coalition of loosely aligned groups with shifting approaches and goals, reports The Wall Street Journal.