Flouting Taboo, Nonprofit Leaders Open Up About Failures
In a world where politeness reigns, some argue there is value in sharing painful professional experiences.
By Rebecca Koenig
Contributor
Limos and Luxury Hotels on Hershey Trust Board’s Expense Tab
Since agreeing in 2013 to a state demand to curb spending, directors of the Milton Hershey School for impoverished children in Pennsylvania have collectively been paid $6.9 million and charged hundreds of thousands of dollars in travel costs to the organization, according to The Philadelphia Inquirer.
Facebook Stock Move Key to Chan-Zuckerberg Project Gets OK
Facebook investors approved a proposal Monday to create a new class of nonvoting shares that will allow CEO Mark Zuckerberg to retain control of the social-media company while plowing much of his stock into a philanthropic venture, Reuters reports.
‘Fast Accounting’ Can Skew Picture of a Charity’s Finances
Barron’s Penta spotlights types of “accounting chicanery” that nonprofit watchdog groups say can mask excessive fundraising or administrative expenses and that donors should look out for in vetting potential beneficiaries.
Calif. Legislators Craft $2 Billion Plan to House Homeless
Facing a rising tide of homelessness in otherwise booming regions, state lawmakers are putting the finishing touches on a proposal to channel $2 billion into building permanent housing for the homeless, writes the Associated Press.
Legal Filings Show Conservative Groups Got Most IRS Scrutiny
Right-leaning organizations made up a sizable majority of more than 400 politically active organizations whose applications for nonprofit status received special scrutiny by the Internal Revenue Service, NPR reports, citing recent court filings in a federal suit against the agency.
Top USC Sports Official Paid Big by Small Foundation
Athletic director Pat Haden and two family members have collectively received $2.4 million for board and other positions with a small foundation that gives scholarships to needy students, many of whom attended the university, according to a Los Angeles Times investigation.
Liberal Group Files IRS Complaint Against Trump Foundation
A pro-Hillary Clinton organization filed a complaint with the Internal Revenue Service Friday accusing Donald Trump of violating tax laws by turning his charitable foundation into a “political tool,” writes The Washington Post.
3 Leading Met Museum Officials Exit Amid Budget Crunch
The Metropolitan Museum of Art’s first chief digital officer is among those departing as the institution begins a staff winnowing to tackle persistent red ink, reports to The New York Times.
IRS Toothless When It Comes to Policing Nonprofits, Report Says
An independent study released by the agency says a lack of funding, loss of institutional knowledge, and change in strategy are eroding the IRS’s ability to regulate charities.
By Alex Daniels
Contributor
Wounded Warrior and Local Initiatives Support Corporation Get New Leaders
The Walton Family Foundation also welcomes a new chief, and the Rockefeller Foundation and Girl Scouts CEOs are stepping down.
By anais.strickland
Contributor
Mass. Foundation Leader Takes to Stump Against Trump
Property billionaire Bill Cummings has used events of his Cummings Foundation and other speaking engagements to rail against the presumptive Republican presidential nominee, The Boston Globe writes.
Slain British Lawmaker Had Charity Career
Jo Cox, a Labour member of Parliament who was murdered Thursday, had worked for Oxfam, the Bill & Melinda Gates Foundation, and the Freedom Fund, The Wall Street Journal writes.
Ex-Twin Cities Charity Head Pleads Guilty to Theft and Fraud
Bill Davis admitted to misusing hundreds of thousands of dollars while serving as chief executive of social-service nonprofit Community Action of Minneapolis, reports the Star Tribune.
Pentagon Official to Take Charge of Wounded Warrior Project
Michael Linnington, a 35-year military veteran, steps into the embattled charity in July.
By Timothy Sandoval and Megan O’Neil
Former Clinton Administration Official to Lead Housing Group
Maurice Jones, who served at the Treasury Department and HUD, has been named president of the Local Initiatives Support Corporation.
By Alex Daniels
Senior Editor, Foundations