Daily News Roundup: Giving Plummets at USC Amid Medical-School Scandal
Donations to the University of Southern California from July to December last year were $100 million less than during the same period in 2016. In other news, women make 21 percent less than men at Wellcome Trust, Britain’s largest charity, the group says; Houston billionaires gave a medical center $25 million; and more.
Nonprofit Uses Creative Impact Investing to Stem Foreclosures
New Jersey Community Capital buys pools of troubled mortgages at a discount and then modifies the loans to help homeowners. Vacant properties or converted to affordable housing.
By NICOLE WALLACE
Features Editor
Daily News Roundup: Conn. May Try to Dodge Tax-Deduction Cap With Charitable Gifts
In other news, President Trump may soon nominate a tax lawyer to head the Internal Revenue Service; the new tax law would eliminate the deduction donors have been getting for prime seats at college games; Hollywood’s Time’s Up has raised $20 million; the Charles Koch Foundation has been giving millions to colleges to study criminal justice and foreign policy; and more.
Opinion: As States Seek Charitable Ways to Skirt Federal Tax Law, Philanthropy Must Watch Out
As California and other states look for ways to escape the new limits on state and local deductions, they are blurring further the lines between public and private in ways that are dangerous for the nonprofit world.
By Suzanne Garment and LESLIE LENKOWSKY
Daily News Roundup: New Tax on Nonprofit Pay Will Hit Different Hospitals Differently
How nonprofit hospitals are structured will determine how much they will owe. In other news, a former official at a charity founded by John Kerry’s daughter is facing a criminal charge for violating a conflict-of-interest law by lobbying former colleagues; Syracuse gets $20 million for a veterans project; a top investigator in the international ivory trade has been found dead; and more.
Daily News Roundup: Humane Society CEO Resigns
Wayne Pacelle stepped down after sexual-misconduct allegations, a revolt by major donors, and a threat from employees that they would walk out. In other news, the founder of a nonprofit to close Rikers Island left the organization after an accusation of misconduct; the philanthropist Jon Huntsman Sr. has died; hundreds of Girl Scouts are pushing to rename a Ga. bridge, now named after a segregationist, after the group’s founder; the Clinton Foundation is launching a nonprofit to help hurricane relief efforts in the Caribbean; and more.
Daily News Roundup: 7 Board Members Resign From Humane Society Over CEO Staying On
In other news, the University of Pennsylvania has stripped honors from Steve Wynn and Bill Cosby over accusations of sexual misconduct; the Red Cross general counsel has resigned over handling of sexual assault and harassment allegations; the new tax law could alter how people give to charity for years; the University of Michigan invested billions in funds run by donors’ firms; and much more about big gifts and nonprofit innovation and how nonprofits are dealing with sexual impropriety.
Podcast: Bringing 2 Million Domestic Workers Out of the Shadows
In this week’s Business of Giving, MacArthur Genius Award winner Ai-jen Poo, executive director of the National Domestic Workers Alliance, discusses the struggles of nannies, house cleaners and other undervalued workers.
Daily News Roundup: Humane Society Donors Call for CEO to Be Fired
Some donors are not happy that Wayne Pacelle is staying on during the investigation into complaints of sexual harassment. In other news, after the Federal Trade Commission accused a telemarketer of lying to potential donors, some charities are considering cutting ties; the University of Iowa wants to drop Steve Wynn’s name from an institute after he was accused of sexual misconduct; a donor gave money to a conservancy to name a great white shark after Robert Mueller; and much more.
Foundations Push Grantees to Get Tough on Child Abuse
Supporters of the effort, which has been underway for three years, say the crimes of former Olympic physician Larry Nassar should send a message throughout philanthropy that organizations must have policies in place to prevent such abuses.
By Alex Daniels
Contributor
Daily News Roundup: Humane Society Sexual-Harassment Controversy Widens
Two senior executives are being investigated for incidents going back more than a decade. In other news, an aid group says that the Border Patrol routinely undermines efforts to help migrants; the California Senate has passed a bill that would let residents pay taxes through a federally deductible, state-run charity; some companies are making charitable deductions with their savings from the new tax law; and much more, including articles on giving and nonprofit leaders.
How a College Addressed the Gender Giving Gap
After Dartmouth created a group called the Centennial Circle for alumnae who give at least $100,000, many women who had given small sums before stepped up with a big gift.
Daily New Roundup: 3 Women Accuse Humane Society CEO of Sexual Misconduct
Investigators from a law firm hired by the Humane Society interviewed 33 people including the CEO, Wayne Pacelle. In other news, the Salvation Army got a $50 million gift to aid the homeless; FEMA is ending food and water aid to Puerto Rico; the Trumps have invited the founder of a nonprofit rescue team to the State of the Union address; why more Super Bowl ads are pushing nonprofit causes; and much more, including articles on Russian and the NRA and the Koch brothers’ network.
Daily News Roundup: Banks and Universities Often Have Lucrative Partnerships
Banks have contracts across the country that essentially make universities their sales representatives. In other articles, employee theft at nonprofits is commonplace; the #MeToo movement has reached evangelical nonprofits; the NCAA president was notified about sexual-assault reports years ago; Cecile Richards discusses her post-Planned Parenthood plans; an opinion column makes the case for foundations to spend down their assets and close; and much more.
Daily News Roundup: Treasury Dept. Skeptical of States’ Efforts to Evade New Cap on Tax Deductions
In other articles, Jeff Bezos’s first big donation sends an important message; scientists are angry over a climate-change denier’s role on the board; Trump’s billionaire donors give more to groups that deny climate change; 17 universities oppose an anti-smoking group with tobacco ties; why groups that inundate people’s inboxes bring in more money; and much more including articles about giving, museums, international news, and sexual harassment at nonprofits.
Podcast: Land Ownership Is Key to Addressing Poverty, Especially for Women, Charity Leader Says
This week’s Business of Giving features Chris Jochnick, President and CEO of Landesa, to discuss the ripple effects of helping farmers secure title to their own plots.