Miami Officials OK $49 Million Bailout for Science Museum
The loan, approved Tuesday by Miami-Dade County commissioners, is aimed at helping the Frost Museum of Science complete construction of a $305 million downtown building, a project held up by a dearth of private fundraising, the Miami Herald reports.
Calif. Man Gets 57 Months for $4 Million Nonprofit Fraud
Accountant Donald Gridiron was sentenced Tuesday to nearly five years in prison for stealing millions of dollars from a New Jersey megachurch and a California golf charity to feed a gambling habit, NJ Advance Media reports.
How to Persuade Grant Makers Your Program Is Sustainable
When evaluating proposals, foundations often want to know how a program will survive after the donation is spent. Here a consultant offers advice and shares a sample case for sustainability.
By Eden Stiffman
Senior Editor
Nonprofits Need to Boost Digital-Strategy Efforts, Report Says
A survey shows that only 61 percent of nonprofits have at least one staff member dedicated solely to digital strategy, and 52 percent have at least two.
By Maria Di Mento
Senior Editor
Veteran Charity Leader Picked to Head National Human Services Assembly
Lee Sherman, the veteran nonprofit executive tapped to head the National Human Services Assembly, said he will work to address the “fear and recrimination that are all too prevalent in our public discourse” about the needy.
By Heather Joslyn
Contributor
Colleges Defend Endowment Tax Break in Letters to Congress
In written responses to a Congressional inquiry into higher-education finances, the country’s wealthiest private universities characterized their tax-exempt status as crucial to their academic and research missions and campus upkeep, Bloomberg writes.
Baltimore Firms to Invest $69 Million to Juice Local Economy
Led by Johns Hopkins University, some two dozen businesses and institutions committed Monday to a three-year effort to build, hire, and buy locally as Baltimore rebuilds from rioting last April, The Wall Street Journal and The Washington Post write.
India’s Corporate-Giving Law Raises Money but Also Questions
Direct corporate philanthropy has spiked since the country enacted a law two years ago requiring large companies to donate at least 2 percent of their net profits to charity, but the rise has been accompanied by allegations of skewed giving and corruption, The Guardian writes.
As Conn. Mulls Endowment Tax, Fla. Invites Yale to Relocate
With Connecticut lawmakers considering a proposal to tax some investment profits on the university’s $26.5 billion endowment, Florida Gov. Rick Scott is beckoning the venerable New Haven institution to move south, reports The Washington Post.
5 Ways to Attract Gifts From Donor-Advised Funds
Experts share tips on how nonprofits can get more contributions from DAF owners.
By Alex Daniels
Contributor
Priscilla Chan Profile Explains Her Focus on Giving to Education
The wife of Facebook co-founder Mark Zuckerberg says experiences she has had as a volunteer tutor to disadvantaged youths and as a teacher in a private prep school, a pediatrician, and a mother have all shaped her philanthropy, according to a San Jose Mercury News profile.
Tenants Ousted Before N.Y. Habitat for Humanity Bought Buildings
A New York affiliate of nonprofit group paid developers millions of dollars in federal stimulus money for apartment buildings after low-income residents were pushed out of the properties, according to an investigation by ProPublica.
Wall St. Manager Was Duped Into Suggesting Foundation Invest in Alleged Fraud Scheme
James McIntyre, a managing director at Moore Capital Management, is the previously unidentified person who unwittingly recommended that a foundation affiliated with his hedge fund put nearly $25 million into an allegedly fraudulent investment scheme run by a private-equity executive, The New York Times reports, citing unnamed sources.
Obituary: Richard Jacobson, Health and University Donor, Dies
Philanthropist Richard Jacobson, 79, who gave $100 million to the Mayo Clinic and large gifts to Iowa universities and other nonprofits, died Friday at his home in Florida, The Des Moines Register reports.
Data to the Rescue: Smart Ways of Doing Good
For a long time, data served one purpose — measuring results. But a growing number of nonprofits are rejecting the idea that data is only for evaluation.
By NICOLE WALLACE
Features Editor
Experts outline ways that even cash-strapped charities can plug in to boost their impact.
By NICOLE WALLACE
Features Editor