Endowment Chiefs Bearish as Global Growth Slows, Survey Says
Endowment and foundation managers say slow economic growth around the world is the biggest near-term threat to investment returns, Bloomberg reports, citing a new study by consulting firm NEPC.
State Dept. Subpoenaed Clinton Charity Over Government Ties
Investigators sought Clinton foundation documents on projects that may have required government approval during Hillary Clinton’s tenure as secretary of state, according to The Washington Post.
Jean Case to Chair National Geographic Board
The philanthropist and former tech executive, a leader in the emerging field of impact investing, is the first woman to lead the 128-year-old National Geographic Society’s governing body, Fortune writes.
Hillary Clinton Backers Launch Voter-Rights Nonprofit
Allies of the Democratic presidential candidate have formed a 501(c)(4) group that aims to boost Latino and African-American voter registration and expand voter-protection efforts, writes the Associated Press.
10 Steps for Success as a Nonprofit CEO
Lessons from a longtime nonprofit leader on meeting the challenges once you reach the top.
By ATUL TANDON
Contributor
N.Y. Jewish Network Seeks $42 Million From Bankrupt Charity
The UJA-Federation of New York has filed claims that FEGS, the big New York City social-service charity that collapsed last year, owes tens of millions of dollars to a pension fund covering employees of Jewish nonprofits, The Forward reports.
Embrace Your Outsider Status (and Other Tips for New Nonprofit Leaders)
Six nonprofit leaders offer tips and tactics for a new executive’s first weeks and months on the job.
By Eden Stiffman
Senior Editor
U.N. Official Takes Senior Role at Paul Allen Philanthropy
Vulcan, the Seattle company that manages charitable projects for the billionaire Microsoft co-founder, has hired Anthony Banbury, who led the United Nations response to the Ebola outbreak, as its chief philanthropy officer, the Puget Sound Business Journal writes.
James Franco and Hollywood Charity Team Up on Nonprofit Studio
The actor-director and the Art of Elysium, a charity supported by Mr. Franco and other film-industry A-listers, have jointly formed a production house whose movies will generate revenue for the nonprofit, Variety reports.
Miami Science Museum Overhauls Board Amid Cash Crunch
Under pressure to complete its new downtown Miami home amid a severe fundraising shortfall, the Frost Museum of Science dissolved its board of trustees Wednesday and will take a bridge loan from its chief benefactors, Florida philanthropists Phillip and Patricia Frost, The Miami Herald and the South Florida Business Journal write.
Red Cross Runs $159 Million Deficit as Donations Drop
The relief charity’s fundraising fell to its lowest level since at least 2000, and Red Cross blood banks also suffered significant losses, ProPublica reports, citing newly released financial statements.
Karl Rove Group Gets Long-Sought Nonprofit Imprimatur
Conservative advocacy group Crossroads GPS, one of the most prominent “dark money” entities in American politics, has been granted 501(c)(4) status by the Internal Revenue Service after a five-plus-year wait, according to the Center for Responsive Politics.
Bay Area Boom Could Force Out Nuns’ Charity for Homeless
A faith-based soup kitchen in San Francisco’s Tenderloin district is facing eviction as the city’s tech-fueled economic boom sends rents in even gritty neighborhoods spiraling up, reports, the Associated Press.
Former Tyco CEO, Who Served Time in Prison, Appointed Chair of Prisoner-Assistance Nonprofit
The group helps 5,500 formerly incarcerated people every year get jobs, housing, health services, education, and more, according to CBS News.
Obituary: Longtime Director of Hilton Humanitarian Prize
Judy Miller, who was vice president of the $2 million Conrad N. Hilton Humanitarian Prize, has died, the foundation said in a post on its website.
It’s Not Foundation Money but Culture and Talent That Can Change the World
Studies of social change show that transformational results depend on shared values and expectations among the people doing the work.
By SARA BRENNER and Amy Celep