How to Benefit From Consumer Demand for Companies Doing Social Good
When you promote your nonprofit, think about the value your organization holds for those who support it — even if that value is indirect.
By perry yeatman
Contributor
Feud Over Mining Mogul’s Fortune Could Yield Charity Bonanza
Australia’s richest person could contribute half her estimated $10 billion fortune to charity as part of a deal under discussion to end a bitter legal fight with her children, News Corp Australia and the Daily Mail write, citing The Australian newspaper.
Bank’s Clinton Foundation Giving Rose After State Dept. Deal
Swiss bank UBS AG significantly increased donations to the Clinton Foundation after then-Secretary of State Hillary Clinton helped broker a 2009 settlement of the bank’s battle with U.S. regulators over disclosure of secret accounts, according to The Wall Street Journal.
Boeing Commits $20 Million for Kennedy Center Expansion
The aerospace giant’s contribution supports a $100-million makeover for the Washington performing-arts center and its grounds, reports The Washington Post.
Wall Street Still Sees Promise in Social-Impact Bonds
Major banks remain interested in so-called “pay-for-performance” financing to test new social programs, despite the plug being pulled on the first such effort in the United States, Reuters writes.
Case Study: How a Company Picnic Raised $31,000 for Memorial Sloan Kettering
A Long Island perfume wholesaler raised more than $31,000 for Memorial Sloan Kettering Cancer Center with just a little assistance from the nonprofit.
By Eden Stiffman
Senior Editor
$30 Million in Boeing Gifts Support Seattle Aerospace Museum
The Museum of Flight announced gifts of $15 million each on Thursday from aviation giant Boeing and the family of the company founder’s son, reports The Seattle Times.
Opinion: Is Technology Helping People Do Good or Do Well?
As Silicon Valley moguls talk up technology’s promise to drive social change, six academics, futurists, and philanthropists consider whether the tech industry is improving the world or just improving bottom lines, in The New York Times Room for Debate opinion feature.
Opinion: Some Wealthy Families Take Giving Local
A New York Times financial writer looks at heirs to business fortunes who are steering their philanthropy into the communities where their forebears amassed their riches and applying the results-focused rigor of impact investing to local causes.
Paul Newman’s Children Feuding With Head of Late Actor’s Charity
The late Hollywood icon’s children are at odds with a longtime friend of the actor’s who now heads the Newman’s Own food company and the foundation that gives away the firm’s proceeds, according to an article in the August issue of Vanity Fair magazine.
Goldman Sachs Buys Impact-Investing Firm Imprint Capital
The Wall Street giant announced Monday that it has purchased Imprint Capital, a San Francisco investment house specializing in crafting portfolios that reflect clients’ environmental, social, and corporate-governance goals, Bloomberg writes.
Starbucks CEO Commits $30 Million to Youth Jobs Effort
Howard Schultz is spearheading an effort by major corporations to hire 100,000 young workers from minority and low-income communities over the next three years, The Wall Street Journal and The New York Times write.
Luxury Condo Firms Make Charity Part of Sales Pitch
A Brooklyn-based builder of high-end condominiums is pledging to make a charitable donation for each seven-figure sale, highlighting a practice that is getting attention in the luxury real-estate market, The Wall Street Journal writes.
Carnival Adds Cuba Cruises for Socially Conscious Travelers
Cruise company Carnival has received permission from the U.S. government to begin offering trips to Cuba under the aegis of its new line catering to passengers with a social agenda, Bloomberg and USA Today report.
ESPN Pulls Charity Golf Event from Trump-Owned Course
The sports network said Monday that it is moving its ESPY Celebrity Golf Classic benefiting cancer research from the Trump National Golf Club in New Jersey because of Donald Trump’s recent derogatory remarks about Mexicans, The Guardian and Variety write.
N.Y. Shuts Down ‘Pay for Success’ Recidivism Program
New York City’s first attempt to implement a social program via the “pay for success” model failed to meet performance goals but was nonetheless hailed by officials because the experiment cost taxpayers nothing, writes The Bond Buyer, which covers municipal finance.