Daily News Roundup: Endowment Tax May Hit Small Colleges Harder
In other news, Oregon State gets a $50 million pledge for veterinary medicine; nonprofits anxiously await the new Facebook news feed, fearing it will decrease their reach; Stephen Curry and Kevin Durant have given to Colin Kaepernick’s effort to raise money to help troubled communities; Jeff Bezos’s $33 million gift set him apart from her peers; and more.
Calif. Foundations Move $40 Million Fast to Counter Trump on Immigration
A group of grant makers is doing rapid assessments of nonprofits’ needs and pushing cash out the door fast, sometimes within days, and is asking others nationwide to get on board.
By Alex Daniels
Contributor
Distrust of Nonprofits Is High. Here’s an Example to Show Why.
After Congress bashed wealthy institutions in reshaping the tax law, a squabble in the nation’s capital over actions by a rich university demonstrate why lawmakers and citizens want to change the ground rules.
By MARK ROSENMAN
Contributor
That $33 Million Bezos Gift for Dreamers? It Started With a Tweet.
A message from a business partner spoke to a personal story in the Amazon founder’s family history.
By Megan O’Neil
Contributor
Daily News Roundup: $75 Million Gift Will Double Philosophy Dept. at Johns Hopkins
The donation comes from alumnus Bill Miller, who beat the S&P 500 for 15 years in a row. In other articles, a top financial investor is telling companies they need to do good in society to get the support of BlackRock; actor Timothée Chalamet is donating his salary from a Woody Allen film to charity; a food-stamp program is making produce more affordable; and more.
How One Group Got Community Input to Create a Successful Ad Campaign
The organization gathered nonprofits and community, faith, and business leaders and used focus groups with students and young people in the community.
Daily News Roundup: Gates Foundation Is Paying Off Nigeria’s Polio Debt
The foundation will pay off a $76 million loan the country got from Japan in 2014 to aid the fight against polio. In other articles, the tax code benefits real-estate investors but is bad news for art collectors; the law is also a “one-two punch” for nonprofits and for giving; the Pittsburg Foundation files a “friend of the court” brief in a gerrymandering case; and much more.
Daily News Roundup: Jeff Bezos Is Giving $33 Million for Dreamer Scholarships
The money will go to TheDream.US, a nonprofit that former Washington Post owner Don Graham founded. In other news, advocates worry that the tax bill will make affordable housing more scarce; Treasury Secretary Steven Mnuchin says deducting property taxes as charity is “ridiculous"; before Eric Trump resigned from his charity, he continued to host events that benefited his father’s companies; an anonymous donor gave $100 million to a mental-health and addiction center; and much more.
Podcast: How Reshma Saujani Helps Girls ‘March Up Into the Middle Class’
This week’s Business of Giving features the founder of Girls Who Code, which has helped thousands of girls in all 50 states get a head start on promising careers.
Daily News Roundup: Charities Fear Drop in Donations From Government Workers
Giving to the combined federal campaign has been on the decline since its peak of $282.6 million in 2009. In other news, the Trump administration wants to revamp regulations on bank lending to the poor; the GOP tax plan’s levy on university endowments will hurt colleges mostly in Democratic areas; World Vision’s president plans to step down at the end of the year; and more, including articles on the Metropolitan Museum of Art’s new admissions policy.
Daily News Roundup: What Will Jeff Bezos Do With All That Money?
His fortune has grown since he solicited ideas for his philanthropy seven months ago. In other news, the Lilly Endowment has given $80 million to sustain 10 social-service groups for decades; the San Antonio police chief is being criticized for releasing immigrants found in a trailer to Catholic Charities; eight activists who attended the Golden Globe awards say Hollywood women “are trying to learn from us": and much more about taxes and impacting investing.
Don’t Underestimate the Value of a Loyal Donor
In this interview from our September Philanthropy NEXT conference, Lynne Wester, a donor-relations consultant, advises nonprofits to value repeat donors, not just one-time big givers.
Daily News Roundup: Bill Gates on Big Pharma, Startups, and Global Health
He says far more could be accomplished if large pharmaceutical companies and startups would get more involved in the Gates foundation’s global-health efforts. In other news, the Interior Department has told its staff to check that discretionary grants “promote the priorities” of the Trump administration; a rising hedge-fund star has been charged with defrauding a foundation client; and much more about the arts, health care, and the Rockefellers.
A Matter of Degree: Helping Young Moms Succeed
Bard Microcollege Holyoke is designed to tackle the challenges that keep nontraditional students with children from finishing their degrees.
By NICOLE WALLACE
Features Editor
Daily News Roundup: Emory U. Gets $400 Million Pledge
The money will go toward curing diseases, innovative patient care, and enhancing health. In other news, three N.J. towns are trying a creative way to elude the GOP tax law; the ACLU plans to spend big on the 2018 midterms; at the Golden Globes, actresses wear black and bring activists as guests to protest sexual abuse; after dropping for years, free or discounted care at hospitals is now flat; and much more.
Last Original GuideStar Employee Talks Data in the ‘Golden Age’ of Fraud
Chuck McLean, who started with the organization 23 years ago, says that while nonprofit transparency has improved greatly, the IRS is poorly equipped to prevent abuses.
By Megan O’Neil
Contributor