Utah Preschool Program Yields First ‘Pay for Success’ Payout
Goldman Sachs will reap financial gains for funding a Utah program that showed positive results in keeping kids out of special education. It is the first time a U.S. social-impact bond has paid off for the investor, The New York Times writes.
President Apologizes to Doctors Without Borders for Bombing
President Obama promised the global medical charity’s international president, Joanne Liu, a “full accounting” of the circumstances that led to the deadly U.S. airstrike on the organization’s hospital in Kunduz, Afghanistan, reports The New York Times.
Schwab Report Shows Where Donors Gave $1 Billion in Fiscal 2015
The donor-advised fund’s first giving report shows that on average donors gave 20 percent of their assets over the past five years.
By Alex Daniels
Contributor
Pentagon Says Raid on Afghan Charity Hospital Was a Mistake
The U.S. military directly acknowledged Tuesday that it was responsible for the weekend airstrike that killed 22 people at a Doctors Without Borders hospital in northern Afghanistan and called the deadly raid a mistake, Reuters and ABC News report. The global medical charity wants a never-before-used international commission on humanitarian law to investigate the bombing, according to CNN.
White House-Backed Kickstarter Campaign Raises Refugee Aid
At the request of the Obama administration, the crowdfunding site Kickstarter is hosting its first humanitarian campaign, aimed at raising money for the United Nations refugee agency to aid people fleeing Syria, The New York Times reports.
Pa. Charities Face Crunch as State Budget Fight Stretches On
With Pennsylvania’s budget impasse now in its fourth month, state-funded social-service groups are bracing for a cash crisis that could soon force many to curtail or suspend programs, writes the Pittsburgh Post-Gazette.
U. of Maryland and D.C. Museum Launch Arts Collaboration
The university announced a partnership with the Phillips Collection that will involve a range of exhibitions, research, and scholarly programs at the campus and the art museum, reports The Washington Post.
City Opera Creditors Back Plan to Revive Moribund Company
One of two groups competing to reorganize the bankrupt New York City Opera has won the crucial backing of the entities owed millions of dollars by the arts organization, The New York Times writes.
Princeton Endowment Returns Best Yale’s and Harvard’s
The 12.7-percent investment gain beat Ivy League peers that have reported results so far and vaulted Princeton into fourth place among the biggest U.S. college endowments, Bloomberg reports.
Afghans Sought Raid That Hit Charity Hospital, U.S. General Says
The commander of American troops in Afghanistan said Monday that Afghan forces requested the weekend airstrike that killed 22 people at a Doctors Without Borders hospital in the northern city of Kunduz, The New York Times reports.
Nonprofit Harvests Surplus Drugs to Serve Poor Patients
Sirum, hatched five years ago by a trio of young Stanford University graduates to improve low-income patients’ access to costly prescriptions, has distributed $4.3 million worth of drugs by tapping surplus inventories from pharmacies and medical facilities, The Wall Street Journal writes.
Study Raises Questions About Colleges That Go Nonprofit
An education researcher argues in a new report that some commercial colleges that change to nonprofit status behave like “covert for-profits” and generate financial benefits for their backers, The Chronicle of Higher Education writes.
A Commitment Form for Participating in a Giving Day
The Sacramento Region Community Foundation requires local nonprofits to submit this form before participating in its BIG Day of Giving.
By Eden Stiffman
Senior Editor
Nonprofits Proliferate but Not the Regulators, Says Report
The number of groups that received nonprofit status tripled in 2014, but 53 percent of state charity offices have not increased staffing since 2008, and 13 percent have thinned their ranks of lawyers, paralegals, investigators, and accountants.
By Alex Daniels
Contributor
Doctors Without Borders Leaving Afghan City After Airstrike
The global medical charity said Sunday that it is withdrawing from the Afghan city of Kunduz following the bombing of its hospital there, which left 22 people dead, The New York Times writes.
World Bank Charts Decline in Ranks of the Extremely Poor
The international development lender said Sunday that the number of people living in extreme poverty is likely to drop this year to less than 10 percent of the global population for the first time, the Thomson Reuters Foundation reports.