Daily News Roundup: Trump Charity Says Attorney General Lawsuit Is Political
The attack is in response to a lawsuit accusing the organization and Trump family members of violating campaign-finance laws and self-dealing, among other things. In other articles, a look at why nurses at Dignity Health are opposing a merger with Catholic Health Initiatives; how a nonprofit that pays bail is changing lives in places like Tulsa, Okla., and St. Louis; Brad Pitt’s nonprofit faces a potential lawsuit stemming from alleged mold contamination and structural flaws; and much more.
She owns 10.3 million shares in SVMK, the parent company of SurveyMonkey, which she plans to give to her charitable foundation when company goes public. In other articles, the Trump administration will no longer support the U.N agency that assists Palestinian refugees; a $20 million gift to the University of Illinois will include $15 million for a football performance center; Facebook will turn a warehouse in Menlo Park, Calif., into a Community Hub to support nonprofits; plus much more.
Daily News Roundup: Gates Foundation Changes Approach to Public-School Education
It wants to create networks of schools that will solve problems with the help of experts and then share what works. In other articles, President Trump has privately urged evangelical leaders to help Republicans win in the midterm elections; a $50 million gift will go to research at St. Louis University; and more about nonprofits and sex abuse, nonprofit finances, and the arts.
Daily News Roundup: Trump Ex-Lawyer Cohen Subpoenaed in Trump Foundation Inquiry
He could give N.Y. State investigators information as they look into whether Trump or his nonprofit did anything illegal. A British tycoon killed in a seaplane crash with his family left Oxfam $53 million due to a “common tragedy clause” in his will; a Wisc. financial adviser is accused of mishandling $3 million; half of the directors and officers of the Immigration and Customs Enforcement’s charitable foundation have connections to businesses that get money from ICE or its foundation; and more.
Daily News Roundup: Free Tuition Is Surprise Gift for All NYU Medical Students
New York Medical School announced it would cover tuition, and an anonymous gift will fund tuition for the University of Houston Medical School’s inaugural class. On other topics, a look at whether the Trump Foundation has violated federal law; the Soros Foundation will leave Hungary by the end of the month; the challenge of giving away $1 billion; plus news about museums and the arts.
Evangelical Church’s Leaders Resign Over Harassment Claims Against Founding Pastor
The elders of Willow Creek Community Church said they made a mistake in failing to believe women’s sexual-harassment complaints against the Rev. Bill Hybels. Also, fundraising netted the Obama Foundation nearly $233 million in its first year; a philanthropist’s huge park project in Tulsa aims to help transform the city; the actor and comedian Kevin Hart has partnered with a charity to provide scholarships to black youths, and more.
Daily News Roundup: Index Fund Investing Gives Small Wisc. College an Edge Over Endowment Rivals
An 11 percent investment return for Carthage College’s $120 million endowment last year bested the 7.4 percent median for other schools, according to a study. Also, rock band Pearl Jam to dedicate $12 million in sold-out shows to Seattle’s huge homelessness problem; campaign aims to promote safe gun storage to prevent accidental child deaths; new foundation will magnify legacy of woman killed in Charlottesville protest, and more.
Foundation Investment Returns Surged by 15% Last Year, Study Says
However, those returns trailed the general market, and one expert expects slower growth ahead.
By Alex Daniels
Contributor
Daily News Roundup: Fidelity’s New Female Chief Is Intensely Private — and a Big Philanthropist
A generous but anonymous supporter of charities, Abby Johnson aims to remake the finanial services company she took over from her father. Also, museums seek to cultivate more curators of color; it’s harder than you think to return tainted donations; and storm-ravaged Puerto Rico gets water relief from an unlikely duo.
Impact Investing Can Fight Racism and Wealth Gaps — if Conducted in New Ways
Instead of focusing singularly on “social impact” — too often used by investors and philanthropists as a blanket term for an unequal power dynamic in which one party holds the purse strings and sets the terms — it’s time for new approaches.
By RODNEY FOXWORTH
Contributor
Nonprofits Fear Impact of Trump Administration Plan to Cut Capital-Gains Tax
One tax expert called it a “double whack” for charities already likely to be hurt by the tax law enacted in December, but others say the change may actually increase giving.
By Alex Daniels
Contributor
Daily News Roundup: Catholic Cardinal Resigns Amid Sex-Abuse Allegations
Pope Francis has effectively taken away Theodore McCarrick’s title even before church officials have investigated the accusations. In other articles, Cleveland Orchestra concertmaster William Preucil has been suspended amid sexual-misconduct allegations; last year’s tax-cut law included an act that allows rich investors and businesses to erase their tax obligations by pouring big sums into poor communities; plus other articles on donor-advised funds, conductor salaries, and much more.
Daily News Roundup: Sexual Harassment Is Rife Among Classical Musicians
More than 50 artists share their ordeals with harassment and assault at all levels of the profession — occurring in dressing rooms, during one-on-one lessons, and even in the wings during performances. In other articles, Catholic hospitals are shaping health care in rural America; an HIV program Trump aims to cut wins high praise from researchers and health officials; and more articles about giving and other news.
Daily News Roundup: How a Group Working for Migrants Is Using a $30M Windfall
Raices is making plans for the $21 million raised on Facebook and the millions more that are still flowing in. In other articles, a New York nonprofit that takes care of immigrant children has tripled its revenue; lawyer Jay Sekulow is using the Trump administration’s actions to raise money for his own group; the University of Wisconsin at Oshkoch Foundation has filed an $18.5 million claim against the UW system; and other articles about foundations and big gifts and museums and more.
When Salaries Are Bigger Than Grants
Our look at 20,000 foundations identified 49 at which the compensation paid to staff and board members accounted for more than half of the foundations’ charitable grant making.
By Peter Olsen-Phillips and Megan O’Neil
States Spark Endowment Gifts With Special Tax Incentives
With the federal tax law making it less likely that all but the ultrawealthy will take charity tax breaks, states are showing growing interest in ways to promote donations.
By Timothy Sandoval
Contributor