India’s Corporate-Giving Law Raises Money but Also Questions
Direct corporate philanthropy has spiked since the country enacted a law two years ago requiring large companies to donate at least 2 percent of their net profits to charity, but the rise has been accompanied by allegations of skewed giving and corruption, The Guardian writes.
JPMorgan Commits $125 Million to Help Urban Neighborhoods
The banking giant is seeking to help those left behind or pushed out by gentrification.
By Alex Daniels
Contributor
GE Pledges $50 Million for Education and Health in Mass.
General Electric on Monday pledged $50 million to improve education, career planning, and health in the state, according to The Boston Globe.
Activists and Philanthropists Make Fortune Leadership List
Nonprofit advocates who champion human rights, the environment, and other causes joined heads of state and captains of industry on Fortune magazine’s 2016 selection of the world’s 50 greatest leaders, the Thomson Reuters Foundation writes.
Starbucks Says It Will Give All Unsold Food to Charity
Joining a growing movement to minimize food waste, the coffee giant announced a new program, FoodShare, through which it will donate unsold meals from its thousands of U.S. locations to anti-hunger groups, reports The Christian Science Monitor.
Salesforce.com Seeks Nonprofit Input on Specialized Software
The cloud-computing company has held a series of events, called Community Sprints, at which nonprofit officials can suggest changes or even revise code to tailor Salesforce products to meet charities’ needs, the San Francisco Chronicle writes.
N.Y. Mayor to Close Nonprofit Amid Donor Controversy
The Campaign for One New York, which has raised millions of dollars to promote Mayor Bill de Blasio’s policy agenda, will wind down amid heightened scrutiny of its donations from entities that do business with the city, The Wall Street Journal writes.
Other awards include a $10.9-million grant from the Walmart Foundation to the Chicago Cook Workforce Partnership to provide education and employment services for retail workers.
By Eden Stiffman
Senior Editor
Citigroup Offering Young Bankers Year Off for Service Work
The banking giant unveiled a program Wednesday designed to recruit and retain millennials that includes an option for junior employees to take 12 months off to work for a nonprofit, reports The Wall Street Journal.
‘Game of Thrones’ Actors Featured in International Rescue Committee Ads
The charity is working with cast members of the HBO fantasy show to raise awareness and $1 million for its campaign benefiting refugees and victims of conflict, The New York Times reports.
CVS to Put $50 Million Into Youth-Focused Antismoking Effort
Two years after becoming the first national drugstore chain to stop selling tobacco products, CVS Health Corporation has committed $50 million to a five-year campaign to curb cigarette use by youths, reports The Wall Street Journal.
A Lemonade Stand Grows, With Some Bumps, Into Social Venture
The New York Times examines the complications of social entrepreneurship through the ups and downs of a charity-minded business that started out with a burst of publicity and investment a few years ago but has run into rocky shoals since.
Google Giving Applies Engineering Savvy to Social Ills
Wired magazine looks at how Google.org mirrors its parent company’s approach in tackling problems like poverty and inequality.
Wisc. City Seeks $25 Million ‘Legacy’ Gift From Departing GM
Officials in Janesville have asked General Motors to donate $25 million to establish a community “legacy fund” as the automaker formally abandons a nearly century-old factory in the town, reports The Janesville Gazette.
Technology Is Pushing Firms to Do Good More Authentically
A BBC News report examines how technology is forcing some companies to take their corporate social responsibility efforts more seriously and make them more sustainable.
Museums Increasingly Turn to Art Galleries to Support Exhibitions
Art galleries are feeling pressured by nonprofit museums to provide financial support for exhibits that feature artists the galleries represent, according to The New York Times.