Will New Tax-Law Policy Help Needy Communities or Luxury Condo Developers?
Foundations and nonprofit leaders are trying to make sure that Opportunity Zone investments go to smart projects that help low-income people, but some experts worry they may not have enough leverage.
By Alex Daniels
Contributor
Philanthropy Infrastructure Groups Drew $1.9 Billion in Support, Study Says
Grants to groups like Independent Sector and the Council on Foundations, regional grant-making networks, and research organizations grew 7 percent from 2013 to 2015, to $192 million annually.
By Alex Daniels
Contributor
How One Founder Started a Nonprofit — and Raised $1 Million
The daughter of an alcoholic wanted to help youths who had experienced trauma.
By Timothy Sandoval
Contributor
Food Banks Overflow Thanks to Trump Trade Wars: Daily News Roundup
The United States plans to spend $1.2 billion this year to buy U.S-grown food to help farmers deal with new tariffs from overseas, but recipients are having a hard time finding enough trucks and warehouses. In other articles, many nonprofits are sidelining banks to take advantage of exchange-traded funds; a national sexual-assault hotline had the busiest day ever after last week’s Brett Kavanaugh hearing; and more on nonprofit news, big gifts and grants, and opinion, ideas, and innovation.
A vice president who oversees the hospital’s ventures with for-profit companies received stock options in a start-up, whose value has skyrocketed. In other articles, Mark Zuckerberg and Priscilla Chan say their LLC invests in what is needed, not necessarily what is popular; a Chicago Tribune investigation into a housing nonprofit found deteriorating buildings and a lack of promised social programs. Plus, see articles on the nonprofit work force, big gifts and grants, and ideas and opinion.
Gates-Led Energy Fund Adding Start-Ups Fighting Climate Change: Daily News Roundup
Breakthrough Energy Ventures plans to invest $1 billion in companies capable making a big impact on global emissions. Plus, the Memorial Sloan Cancer Center is postponing its annual fundraising campaign in light of a scandal over a deal with a for-profit company; the Obama Foundation spent $12 million on an international summit and $5 million on architects; and San Francisco proposes a $17 minimum wage for nonprofit elderly care workers. Plus, other articles on gifts and grants and more.
Democrats Plan to Force a Vote on Disclosure Rules for Political Groups: Daily News Roundup
The goal is to repeal an administration rule that allows some groups that run political ads to avoid disclosing their donors. Plus, hospitals have smaller operating margins despite strong balance sheets; New York’s American Museum of Natural History has begun preconstruction work on its planned expansion despite a lawsuit against the project; and much more on nonprofits and the law, big gifts and grants, and opinion and ideas.
Harvard Raises $9.6 Billion in Capital Campaign: Daily News Roundup
It surpassed its goal by more than $3 billion. Plus, Sloan Kettering is coming under fire for its deal to share cancer-patient data with a for-profit; a veterans charity raised $6.5 million in Florida but allegedly gave none to charity; a big donor’s Facebook post with photos of two black women has roiled the University of Mississippi; a tool used to measure nonprofit efficiency is inaccurate, a study finds; and much more on nonprofits and the law; big gifts and grants; and weekend reads.
Wealthy People in U.S. Lag Their Peers Overseas in Sustainable Investing
A study by the financial-services company UBS found that only 12 percent of U.S. investors have at least 1 percent of their portfolio in sustainable investments, compared with 39 percent of wealthy investors internationally.
By Alex Daniels
Contributor
Nonprofit Advocacy Groups Must Report Names of Some Donors: Daily News Roundup
After the Supreme Court declined to intervene, a ruling last month still stands, which applies to donors who give more than $200 a year to independent political campaigns. In other articles, a candidate for governor of Massachusetts proposes to tax Harvard and other big colleges to raise a total of about $1 billion in revenue; executives of a Missouri group allegedly bribed public officials, according to court documents; and more about sexual misconduct at nonprofits and big gifts.
New GlobalGiving CEO Plans to Push More Aid to Local Humanitarian Groups
Alix Guerrier will take over from Mari Kuraishi, who will become the next president of the Jessie Ball duPont Fund.
By Julian Wyllie
Contributor
Donors in Fight With Ohio State U. Over Use of Gift: Daily News Roundup
Michael Moritz’s widow and son say the university is illegally using money from the endowment for “development fees.” In other articles, professors at St. Louis University claim a recent $50 million contribution gives the donor a say in hiring; the divestment movement to combat climate change has gained momentum; Marc Benioff says his purchase of Time magazine fits in with other impact investing; and more about nonprofits and government and arts and culture.
Daily News Roundup: Airbnb to Help People Displaced by Hurricane Florence Find Places to Stay
The company has activated its “response tool” so hosts can open their homes to people who have been evacuated and relief workers. Plus, St. John’s College has a philanthropy-centered plan to cut tuition; the president of Texas Tech talks about the loss of a $10 million gift; tech entrepreneurs are trying to make money while helping people do things like make down payments on new homes; and much more about big donors, philanthropy and government, and cultural groups.
When Gifts Soar, Charities Often Sock the Extra Money Away
When charities bring in more than they did the year before, they spend only about a quarter on services and sock away most of the rest.
By Alex Daniels
Contributor
Most grant makers would be better off using basic investing strategies rather than relying on active money managers and exotic financial instruments, the data shows.
By Marc Gunther
Contributor
Corporate and Charity Leaders Exchange Advice
Nonprofits and companies have much to gain from getting to know each other better. The Chronicle asked leaders experienced in corporate-nonprofit partnerships for advice on how best to support each other.
By Megan O’Neil
Contributor