Daily News Roundup: $50 Million Gift to Cincinnati Zoo
In other articles, the former chairman of Wells Fargo is giving $20 million to DePauw University; the Gates Foundation is starting a nonprofit biotech in Boston; a little-known conservative Midwestern couple is wielding big influence in philanthropy; “design thinking” can help nonprofits with fundraising; how to get narcissists to give to charity; and other articles about legal news and investing and opinion and much more.
Endowment Managers Stand Pat Despite Market Worries, Survey Says
Three quarters say they have made no changes to investment portfolios because of recent market fluctuations, according to the NEPC Endowment and Foundation Survey.
By Megan O’Neil
Contributor
Daily News Roundup: Preparing for Rules to Protect Data
A new regulation will affect nearly any group that uses data originating in the European Union. In other articles, Red Nose Day raised more than $42 million; an opinion writer says the Internal Revenue Service may eliminate a form that could lead to revealing names of donors who give more than $5,000; and more articles about the arts and nonprofit news.
Daily News Roundup: Rich College Endowments May Be Able to Get Tax Break
A bill has been introduced in the House that could waive the tax for some. In other articles, a Southern Baptist leader was removed as seminary president for taped comments he made several years ago about abused women; Red Nose Day raised $100 million for needy children in three years; George Mason University has plans to take the controversy out of its gift agreements; and more news and features about sexual harassment and giving.
Foundations and Nonprofits Split Over How to Respond to Tax Changes
A survey shows both groups believe giving from individuals will decline, and many charity leaders want grant makers to be more vocal in promoting the importance of nonprofit organizations as a whole.
By Alex Daniels
Contributor
Wealthy Men More Likely Than Women to Replace Charitable Giving With Impact Investing
Women appear to be more interested than men in impact investing, a new study finds, but generational differences and who controls giving dollars are additional influences.
By NICOLE WALLACE
Features Editor
Daily News Roundup: $180 Million Renovation for 92nd Street Y
In other articles, colleges may try several strategies to avoid the tax on their endowments, like increasing enrollment to reduce endowment-per-student ratio; the Metropolitan Opera found evidence that former conductor James Levine abused or harassed seven people; a mysterious benefactor’s $16 million loan to a college raises questions; and other articles about health care and opinion and more news.
Daily News Roundup: A New Way to Fund Nonprofits
The approach is backed by the likes of Richard Branson, Pierre Omidyar, and other big names. In other articles, Bill Gates has given $44 million to influence education policy; donor-advised funds, which allow for big tax breaks but have little oversight, have become popular with Silicon Valley philanthropists; and San Francisco nurses want “Zuckerberg” removed from their hospital’s name. Plus, other articles about wealthy heirs, the biggest ACLU donor, and more.
Daily News Roundup: Soros Foundations Leaves Hungary Under Pressure
In other articles, hedge-fund managers contribute millions of dollars to the Robin Hood Foundation, which backs groups that picket hedge funds; a finance writer questions the ethics of the philanthropy of Jeff Bezos, Bill Gates, and Mark Zuckerberg; and Seattle tries to help the homeless by taxing companies like Amazon. Plus, see articles about arts and culture as well as other news and features.
Daily News Roundup: Noted Aid Worker Charged With Child Rape
The Canadian humanitarian worker, working in Nepal, is accused of raping at least two boys, ages 12 and 14. In other articles, the Boy Scouts is lobbying against proposals in some states that could expose it to more child-abuse lawsuits; Silicon Valley CEO Emmett Carson is reportedly negotiating his departure; Harvard’s former head of real estate made nearly $24 million; plus news and opinion about the Kochs’ philanthropy and more news.
Foundations Move $737 Million to Donor-Advised Funds, Chronicle Study Shows
There is almost no information available about where that money eventually ends up, and critics say it may be a tactic used by some grant makers to avoid foundation payout requirements.
By Peter Olsen-Phillips
Contributor
Donors Pool $40 Million to Light a Fire Under Pay-for-Success Programs
Steve and Connie Ballmer put up $20 million, Prudential Financial added $10 million, and the Kresge Foundation put up to $10 million to shield investors from losses.
By Alex Daniels
Contributor
Daily News Roundup: Food for the Poor’s Charity Status Under Attack
The California attorney general says the charity inflates the value of donated pharmaceuticals in its tax filings. In other articles, tables for a lavish Clinton Foundation gala are going for as much as $100,000; Democrats are giving nearly $9,000 in contributions from former N.Y. Attorney General Eric Schneiderman to a domestic-violence charity; an app has helped deliver a million pounds of food to the hungry in Atlanta; and more about giving and the arts and harassment.
Daily News Roundup: Slate’s New List of the Biggest Charities
The online magazine found the 10 largest nonprofits by revenue for nine nonprofit sectors. In other articles, philanthropy in China is growing; an expert in public health and social services suggests how Jeff Bezos should spend $131 billion; a trend toward authenticity in history museums is changing black tourism; the Humane Society and Big Isle Residents are trying to rescue pets in Hawaii; and more news.
Rising Demand for Services May Overwhelm an Uptick in Charity Finances, Study Finds
The survey by the Nonprofit Finance Fund found that 64 percent of charities managed to achieve a surplus, but 57 percent of nonprofit leaders say they can’t keep with a rising demands for services.
By Ben Gose
Senior Editor
Daily News Roundup: Koch Gifts Bought Influence and Prompted Query
A gift agreement allowed the Charles Koch Foundation to have a say in hiring and firing of professors at George Mason University. In other articles, the problems at the Silicon Valley Community Foundation appear to run deep; Mark Zuckerberg donates $14 million to Chicago schools; the Obama Foundation has announced plans to open a public library branch at his presidential center; and much more, including how to increase endowments and Jeff Bezos’s philanthropy.