African Tech Firm Draws Chan-Zuckerberg Fund’s 1st Big Investment
The philanthropic entity established by Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan, is leading a $24 million financing round for Andela, a Nigerian company that trains software engineers and places them with major technology firms, according to Quartz.
Giving to Support Orlando Victims Surpasses $5 Million
Corporate and individual donations to aid the victims of Sunday’s mass shooting reached $5.3 million Tuesday, including a $1 million gift from the Walt Disney Company, Reuters reports.
Grants Roundup: Atlantic Philanthropies Gives $16.25 Million for Cornell Programs
Plus, the Harold Alfond Foundation awards $8.4 million for cancer research and the Carnival Foundation gives $2.5 million for marine conservation.
By Rebecca Koenig
Contributor
White House Women’s Summit Draws $50 Million in Pledges
The Obama administration and a collection of companies, foundations, and other organizations will announce $50 million in commitments Tuesday to support efforts to advance gender equality, according to United Press International.
Employers Value Volunteering Experience, Study Says
Eighty-two percent of hiring managers reported being more likely to take on people who have donated time to a cause, but only 30 percent of resumes they get include information on volunteering, according to a Deloitte survey.
By Rebecca Koenig
Contributor
Grants Roundup: Brown Foundation Awards $3 Million for Houston Parks Project
Other notable grants include $1 million from Blackbaud for a planned African-American museum in Charleston, S.C.
By Rebecca Koenig
Contributor
Giving by Firms and Workers Up 1% Since 2013, Survey Finds
A new report by a group that tracks corporate philanthropy found an uptick in companies’ donations and volunteering from 2013 to 2015, The Wall Street Journal writes.
How Creating a Market Helped Food-Bank Charity Grow
A book excerpt in Slate examines how a national antihunger group employed a market-based, economist-devised solution to increase efficiency in delivering big food donations from producers and grocery stores to its network of food banks.
How Much America’s Biggest Companies Give to Charity: an Exclusive Chronicle Study
A Chronicle survey of America’s biggest companies found that donations grew 2 percent in 2015 compared with the previous year. Meanwhile, companies are increasingly integrating philanthropy throughout their business operations.
Cash Giving From Businesses Edges Up, Chronicle Survey Shows
Gilead Sciences, Walmart, Wells Fargo, Goldman Sachs, and ExxonMobil led the way, reflecting a strong presence throughout the list of financial institutions and drug companies.
By Alex Daniels and Peter Olsen-Phillips
Drug Firms Subpoenaed in Review of Ties to Co-Pay Charities
Federal investigators’ demands for documents from Biogen, Jazz Pharmaceuticals, and Gilead Sciences come amid a widening inquiry into the pharmaceutical industry’s relationship with nonprofits that take donations from the companies to help patients pay for medications, Bloomberg reports.
Drug Firm Pledges $100 Million to Back Youth Science Contest
Regeneron Pharmaceuticals made a 10-year commitment to support the Science Talent Search and significantly boosted prize money for the long-running scholastic math and science competition, reports The New York Times.
Major Outreach to Black Donors Fuels New Museum’s Drive
The Washington Post looks at the fundraising success of the National Museum of African American History and Culture, which has tapped a broad pool of black supporters to close in on a $270 million campaign goal.
Opinion: Foundation’s Ties Would Dog Clinton Administration
A Hillary Clinton presidency would likely be buffeted by questions of conflict of interest in relation to support of the Clinton Foundation by wealthy donors, corporations, and foreign governments, a Bloomberg columnist writes.
Critics Say Charities Help Drug Companies Cover for Price Spikes
Big pharmaceutical firms are using contributions to “co-pay charities” to deflect criticism of massive price hikes for lifesaving medications, according to a Bloomberg BusinessWeek investigation.
Facebook Arm’s Program Promotes Virtual Reality for a Cause
The VR for Good effort by Facebook-owned virtual-reality company Oculus is aimed in part at helping nonprofits showcase their social missions using 360-degree video technology, reports USA Today.