Trump Running Mate Raised Hackles on Abortion, LGBT Issues
Indiana Gov. Mike Pence’s wife has nonprofit experience on children’s issues, but his conservative stances on social issues have alarmed some foundations and advocacy groups.
By Alex Daniels
Contributor
Grant Makers Are Uncertain About Socially Responsible Investing, Study Finds
Few organizations have formal policies about investing their endowments in ways that generate social returns, according to the Commonfund/Council on Foundations survey.
By Alex Daniels
Contributor
Warren Buffett Donates $2.9 Billion in Annual Stock Gift
The Bill & Melinda Gates Foundation and four grant makers associated with Warren Buffett’s family received Berkshire Hathaway shares worth $2.86 billion in the philanthropist and investor’s yearly charitable stock donation, Reuters and The Wall Street Journal report.
Suit Claims ‘Looting’ of Donations at Defunct Design Charity
A bankruptcy trustee responsible for recovering assets from Architecture for Humanity is seeking $3 million from the organization’s founders and board in a lawsuit alleging the nonprofit misused restricted donations to stay afloat, according to Fast Company.
Penn State Seeks Money From Sandusky Charity for Abuse Victims
The university filed a court claim for funds from insurance companies for the Second Mile, the youth nonprofit founded by convicted child molester Jerry Sandusky, to help pay a portion of the $92 million in settlements due to the former football coach’s victims, WJAC-TV reports.
Exercise App Looks to Help Charities Cash in on Pokémon Go
As the wildly popular mobile game sends millions of Americans in search of virtual creatures, an application that lets users raise money for causes as they walk, run, or bike is seeking to turn Pokémon-related trekking into donation dollars, The Huffington Post writes.
New CEOs for Chimes International and Prison Fellowship
The DiCaprio and GE foundations and Habitat for Humanity’s San Francisco chapter also named new leaders.
By anais.strickland
Contributor
Rockefeller Exec Outlines Wide Range of Climate Investments
The foundation, which helped pioneer impact investing, aims to seed or finance efforts to develop renewable-energy technologies, deliver clean electricity to rural India, and create insurance products for extreme-weather events in Africa, according to an interview in GreenBiz.
Hershey Trust Pressured to Expedite Governance Changes
Pennsylvania’s attorney general is threatening to take trustees of the $12.1 billion charity that controls Hershey Co. to court if they do not implement promised reforms by the end of the month, The Wall Street Journal reports.
Central Park Nonprofit Launches $300 Million Drive
The Central Park Conservancy kicks off the public phase Thursday of a 10-year campaign to raise money for renovations and improvements of many of the park’s iconic but aging features, reports The New York Times.
FEC Finds Violations by Formerly Koch-Linked Nonprofits
Three groups formerly associated with Charles and David Koch’s conservative network have been fined by the Federal Election Commission for breaching campaign-finance rules in their funding of political advertisements, writes The New York Times.
Colleges Dialing Down Endowment Spending as Returns Shrink
Bracing for slim investment gains or outright losses, some colleges and universities are scaling back spending from their endowments on financial aid, faculty, and other expenses, Bloomberg reports.
IRS Reduces Fee for Short-Form Charity Application
The tax agency this month lowered the cost of applying for 501(c)(3) status using the 2-year-old 1023-EZ form from $400 to $275, writes Accounting Today.
House GOP Seeks Federal Scrutiny of Clinton Foundation
Congressional Republicans are circulating a letter calling on the FBI, the Internal Revenue Service, and the Federal Trade Commission to investigate the former first family’s charity for alleged corruption, CNN reports.
Pokémon Go Craze Bringing Visitors to Major Museums
Many prominent cultural institutions are seeing greater foot traffic as a result of being integrated into the wildly popular mobile game, but the U.S. Holocaust Museum is asking visitors to refrain from playing within its walls, art-news site Hyperallergic and The Washington Post write.
Long-Delayed Pa. Industrial Museum Finally Set to Open
After nearly two decades of delay that prompted a grand-jury investigation, the National Museum of Industrial History in eastern Pennsylvania is slated to open its doors on August 2, reports the Allentown, Pa., Morning Call.