Daily News Roundup: National Endowment for the Arts Chair to Step Down
In other articles, the CEO of the Hershey Trust resigns amid an inquiry into the organization’s board; the Kennedy Center is considering withdrawing arts and comedy awards it has given Bill Cosby; the president of George Mason University said some financial gift agreements the institution has accepted raise questions about donor influence; and other articles about Yale’s courting of Stephen Schwarzman, an investigation into a veterans charity’s fundraising expenses and more.
Daily News Roundup: Silicon Valley Fund Widens Inquiry Into Workplace Complaints
Amid complaints from donors, the Silicon Valley Community Foundation has hired a second law firm to investigate a “toxic” work environment. In other articles, the Philadelphia school board has decided to accept a $25 million gift from Stephen Schwarzman for his former high school; the NRA has broken its fundraising record; a lawsuit is seeking details of a gift to George Mason University from the Charles Koch Foundation; and other articles about sexual harassment and giving and more.
Daily News Roundup: Huge Wealth Magnifies Silicon Valley Community Foundation Scandal
In other articles, a New Jersey legal case could prompt another battle over the separation of church and state; a Yale professor says nearly every country seems to be backsliding on human rights; new federal rules for funding teen-pregnancy programs favor abstinence; universities and charter schools get big gifts; outside donors such as the Koch brothers and the Chinese government get extra scrutiny at Texas universities; and much more about nonprofit news and arts and culture.
Value of Volunteers’ Time Up to $24.69 an Hour, Study Says
The figure has grown at a steady pace since 2002 and increased 55 cents an hour last year, according to Independent Sector.
By Ariella Phillips
Contributor
Daily News Roundup: Can Silicon Valley CEO Survive Scandal?
Emmett Carson is in the midst of a crisis over harassment claims about his chief fundraiser. In other articles, the chair of Save the Children is coming under criticism for how he dealt with a sexual-harassment scandal at the charity; Michael Bloomberg is spending $4.5 million to cover this year’s U.S. financial commitment for the Paris climate accords; Missouri Gov. Eric Greitens has been charged with a felony for tampering with computer data connected to a nonprofit donor list; and much more.
Daily News Roundup: Save the Children Chair Steps Down
Alan Parker resigned before his term ended, saying the nonprofit needed to rebuild trust. In other articles, complaints about sexual misconduct have tripled since the Oxfam scandal, says Britain’s Charity Commission; the Open Society Foundations may leave Hungary; a nonprofit created to pay Missouri Gov. Eric Greitens’s legal bills raised no money last month; artificial-intelligence researchers are making $1 million-plus at nonprofits; and other articles on big gifts and donor research and more.
Wounded Warrior Project’s Revenue Fell 30 Percent in Fiscal 2017
A controversy over spending and alleged employee mistreatment at the organization caused donations and other income to drop sharply.
By Timothy Sandoval
Contributor
Daily News Roundup: Gates Adds $1 Billion More to Malaria Fight
The foundation grant will invest in research and development efforts through 2023. In other articles, the Art Institute of Chicago has landed gifts of $50 million and $20 million; Seattle public radio station KEXP receives $10 million; plus, news, features, and opinion about the endowment tax and American orchestras and Liberty University and more.
Daily News Roundup: Harvard, Yale, and Others Trying to Repeal Endowment Tax
Thirty colleges are aiming to help two members of the House (a Democrat and a Republican) find sponsors for a bill. In other articles, Amherst gets $100 million from an anonymous alum to match “gifts at very significant levels"; Sheldon and Miriam Adelson are giving $70 million to the Birthright Israel Foundation; Beyoncé donates $100,000 to historically black colleges; and articles about one of the world’s wealthiest charities and universal basic assets and more.
Daily News Roundup: Donors Are Going Back to Their Hometowns to Fix Them Up
Often they require a combination of philanthropy and investments with a social return. In other articles, the Ford Motor Company has agreed to pay the Abell Foundation and a technology firm to use a hybrid engine technology; Report for America, a nonprofit that works like AmeriCorps, plans to place 1,000 journalists in understaffed newsrooms by 2022; the Twin Cities is going informal, holding fewer black-tie events; and other articles about the Obama Foundation and data-analysis tools and more.
Daily News Roundup: Mueller Investigating Ukrainian Payment to Trump Foundation
The special counsel is investigating a payment a steel magnate made in 2015 for a video appearance by Mr. Trump for a conference in Kiev. In other news, the Walton Family Foundation is leading an effort to add $300 million to loan funds to buy or build charter schools; Vanderbilt gets a $20 million gift; Stetson University gets $18 million; the NRA may have accepted more gifts from Russian donors than it first said; and more, including measuring the impact of ideas and articles on the arts.
Daily News Roundup: $42 Million Grant Aims to Protect River
In other articles, some colleges are dropping TIAA because of fee hikes; the leader of the Anti-Defamation League is using business, marketing, and tech acumen to reshape the century-old nonprofit; a startup aims to match nonprofits with freelancers. Plus, other articles about must-read books and museum news and a young trailblazer and more.
Daily News Roundup: Companies Use Charitible Giving as ‘Tax-Exempt Influence Seeking,’ Says Study
A group of economists published an analysis of corporate philanthropy that paints a picture of giving that is more like lobbying. In other articles, the head of the Smithsonian Institution announced an effort to showcase achievements by women but stopped short of supporting a new museum; Detroit has built up a team of grant seekers that has helped attract tens of millions in grants and loans; and Fast Company looks at five ways nonprofits can solve their thorniest problems.
Daily News Roundup: Planned Parenthood Gets $9 Million for New Tex. Clinics
The money came from an unnamed donor for two new clinics in the western part of the state. In other news, the Department of Education has converted grants to student loans for thousands of teachers in low-income areas; after the Parkland shooting, gifts to the National Rifle Association tripled; an ex-congressman has been accused of spending $450,000 in charitable gifts for personal use; a controversial Wellesley program backed by the Charles Koch Foundation is being overhauled; and much more.
Fidelity Charitable Says $1 Billion in Grants Distributed So Far This Year
The donor-advised-fund sponsor says grant making from its accounts topped the milestone faster than ever this calendar year, with 62,000 charities receiving donations.
By Alex Daniels
Contributor
Daily News Roundup: Giving Drops $10 Million to Twin Cities United Way
The decline in workplace giving is to blame. In other articles, John and Laura Arnold are pouring money into efforts to lower or rethink drug prices; the University of Oklahoma’s next president will be a former oil executive and big donor; many activists suffer privately; “March for Our Lives” cost $5 million, leaving several million dollars left for advocacy; and much more about the arts and other news.