Beyond the Traditional Junior Board: Ways to Turn Millennials Into Leaders
Young people may be new to nonprofit leadership, but does it make sense to relegate them to the “kids’ table”?
By Rebecca Koenig
Contributor
Foundation Investment Growth Slowed Substantially Last Year, Study Says
Returns fell to 6.1 percent in 2014 after two years of double-digit gains, and recent market gyrations raise concerns about even leaner times ahead.
By Alex Daniels
Contributor
In a Second Go-Around, Response to ‘Ice-Bucket Challenge’ Is Muted
The ALS Association has received $500,000 in donations this month, less than 1 percent of the contributions it reaped from the social-media-fueled campaign a year ago.
By Megan O’Neil
Contributor
Requiring Colleges to Spend More From Their Endowments Would Be Bad for All Nonprofits
Urging Congress to require the use of endowment earnings to defray tuition is a recipe for the kind of political interference that will anger donors.
By HOWARD HUSOCK
Contributor
Planned Parenthood Sues La. Over Cutoff of Medicaid Money
A Louisiana Planned Parenthood unit filed in federal court for an injunction to block Gov. Bobby Jindal’s order to terminate Medicaid funding for the organization in the wake of disputed claims that it traffics in fetal tissue, The Wall Street Journal writes.
Judge: Huguette Clark Estate Cannot Reclaim Hospital Gifts
A Manhattan court has dismissed a lawsuit brought by Huguette Clark’s estate in a bid to recover more than $4 million the reclusive copper heiress donated to the hospital where she spent her last two decades, ruling that the statute of limitations has run out on heirs’ claim, The New York Times reports.
New Wave of Criticism Aimed at Top College Endowments
A law professor’s essay criticizing the hefty fees collected by major universities’ investment managers has reignited debate about how elite colleges utilize, or don’t utilize, their multibillion-dollar endowments, The Chronicle of Higher Education writes.
Salesforce Charts Its Own Course in Tech Giving for Schools
CEO Marc Benioff is taking a different philanthropic tack than other tech moguls in backing public education, TechCrunch and Business Insider write in reporting on the company’s latest, $6-million donation to the San Francisco school district.
San Francisco Church Feuds With Charity Affiliate Over Housing
San Francisco officials have weighed in on a showdown between a city church and a nonprofit it founded to manage a low-income housing development over a planned sale of the complex, the San Francisco Chronicle reports.
Carnegie Mellon U. Gets $35-Million Gift From Indian Company
The donation from information-technology firm Tata Consultancy Services will fund a research and education building on the Pittsburgh campus, the Pittsburgh Tribune-Review and The Times of India report.
Facebook’s New Donate Button Helps Charities Build Donor Lists
Users are directed to external sites to make contributions; ALS Association is among the early users in hope of recapturing “ice-bucket” magic.
By Megan O’Neil
Contributor
Facebook Rolls Out ‘Donate’ Button for All Charities
The social-media giant announced Monday that it is making its “donate now” button, previously tested with a select group of partner charities, available to all nonprofits to use on their Facebook pages and linked advertisements, TechCrunch and Adweek report.
Howard Buffett Nonprofit Invests Millions in Congo Hydropower
The philanthropist and his foundation are placing a big bet on hydroelectricity to spur development in the Democratic Republic of Congo, pledging nearly $60 million for power projects in the war-torn central African nation, Reuters writes.
Foundation Figures in Fight Over Helen Gurley Brown’s Legacy
The New York Times explores connections between the Pussycat Foundation and controversies over control of the late Cosmopolitan publisher’s legacy and her valuable Manhattan apartment.
Fidelity Chief Keeps a Low Profile While Making Arts Impact
Fidelity Investments Chairman Ned Johnson has built one of New England’s largest art collections and become a quietly influential figure in the regional culture scene through loans and gifts to museums, The Boston Globe writes.
New Captain Puts N.Y.’s Seaport Museum on the Right Course
New York’s South Street Seaport Museum, long plagued by financial troubles and nearly done in by Hurricane Sandy, is righting itself under a leader with little prior museum experience but a deep background in seagoing and historic ships, writes The Wall Street Journal.