Daily News Roundup: Elite Colleges Caught Up in Fight Over Tax Proposals
In other news, GOP tax proposals could cost charities billions; Bill Gates gives $50 million to Alzheimer’s research; the National Trust for Historic Preservation creates $25 million fund to preserve African-American historical sites; and other news and features on disaster relief, on museums, and more.
Nonprofits and the People They Serve Lose Big in Tax Overhaul Bills
The loss of incentives to give, coupled with changes in education and health care are bad enough. Add the politicizing of charities and the meddling in nonprofit affairs and it’s a disaster.
By MARK ROSENMAN
Contributor
Daily Update: Justice Dept. Considers Clinton Foundation Inquiry
Also, AIDS activists want designer Kenneth Cole to step down as amfAR board chair over his controversial deal with Harvey Weinstein; the University of Louisville may sue its own foundation over excessive spending; the veterans charity VietNow is being dissolved over “egregious fraud"; plus more news.
Podcast: 3 Pillars That Help One Nonprofit Revitalize Neighborhoods
This week in the Business of Giving, Carol Naughton, president of Purpose Built Communities, discusses the group’s replicable model for success.
Daily News Roundup: Higher Education to Fight GOP Tax Proposal on Endowments
Also, more than 400 millionaires tell Congress not to raise their taxes; eight-figure contributions have gone to several orchestras; Charles Koch is making major gifts to foreign-policy programs at universities; a new study analyzes the attributes of the new philanthropist; and much more.
Key House Panel Votes to Loosen Restrictions on Nonprofit Politicking
Adoption of the amendment, offered by the chairman of the House Ways and Means Committee, Kevin Brady, virtually ensures that the language will be in the House’s final version of the bill.
By Megan O’Neil
Contributor
Daily News Roundup: Universities Use Offshore Accounts to Hide Controversial Investments
Leaked documents from a Bermuda law firm reveal how U.S. institutions like Indiana University and Texas Christian University used “blocker corporations” to quietly invest millions of dollars in fossil fuels. In other news, nonprofits show glaring holes in preparedness for cyber-attacks, and a look at how the Republican tax cut plan would hamper the efforts of college major-gift fundraisers who work with athletic boosters.
As Attacks on Social-Justice Groups Rise in the Trump Era, Foundations Must Show Courage
Donors to nonprofits are now facing public scrutiny, making it more important than ever that grant makers help grass-roots charities and others prepare to handle crisis communications.
By DEEPAK BHARGAVA
Contributor
Daily News Roundup: How the Rich Stash Charitable and Other Assets Offshore
In other news and features, a report on affluent people who leave their “wealth bubble” to help in other neighborhoods; the GOP proposes ending tax exemptions on private-activity bonds, which provide tax-free borrowing for large hospitals and universities; a troubled Massachusetts museum plans to sell Norman Rockwell paintings over the objections of the late artist’s sons; and much more.
Video: Starting From Nothing but Raising Big Sums
Michael Lomax talks about how the National Museum of African American History and Culture attracted $275 million — as well as donations of important artifacts — to create the popular institution.
Believe Me, I’ll Make Charities Great Again: What Trump Might Tell Nonprofits
The president seems to believe nonprofits can pick up anything government stops doing.
By CURT WEEDEN
Contributor
Daily News Roundup: Helping Charities Pays Off for Corporations
Other articles in a New York Times special section on giving includes a piece on how donors are using bitcoin and how to do research on giving. In other news and features, donor data was exposed in a Denver Art Museum hack, a former accountant at Arc in Hawaii has now been accused of stealing $7 million; environmental groups are trying to involve more minorities; and more news about endowments, Congress, and tax policy.
Podcast: How One Foundation Rewards Risk-Takers Tackling Big Issues
This week in the Business of Giving, Jim Bildner, CEO of the Draper Richards Kaplan Foundation, discusses a distinctive approach to funding social entrepreneur projects, both nonprofit and for-profit.
Daily Update: Harvey Weinstein Linked to Criminal Inquiry Into AIDS Charity Fundraiser
Prosecutors are examining transactions and contracts between New York-based charity amfAR, Mr. Weinstein, and the American Repertory Theater, sources told The New York Times. In other news, questions about a drug’s effectiveness leads an Alzheimer’s nonprofit to sever ties with Avanir Pharmaceuticals, and Apple executive Phil Schiller gives $35 million to help build a new science institute at Boston College.
Protecting Fundraisers From Sexual Harassment by Donors: Advice From Experts
Leaders, managers, and board members play a crucial role in helping employees fend off a problem that doesn’t often get discussed: donors who expect sexual favors.
By Timothy Sandoval
Contributor
Daily Update: Gates, Jobs, and Chan Rated ‘Most Powerful Women’ in Philanthropy
In other news, nonprofits find themselves at the center of an FBI investigation involving NCAA basketball, a youth center is involved in a Medicaid fraud scheme, and an Arkansas senator ends a company’s contract with a nonprofit drug-rehabilitation program after labor complaints.