Daily News Roundup: House Tax Bill’s Effect on Politicking and Affordable Housing
Also, the tax bill shows colleges’ diminishing clout among GOP lawmakers, and NPR interviews a college president on the proposed excise tax on endowments; In other articles, a lawyer sues a Christian nonprofit for not hiring him because he’s bisexual; the social scene at Mar-a-Lago has changed as divisive politics determines which nonprofits and others hold events there and which ones go elsewhere; and more news and opinion.
Daily Update: House Tax Bill Would Raise Borrowing Costs for Nonprofit Projects
In other news, the Robin Hood Foundation is creating donor-advised funds to capitalize on hedge-fund managers’ tax deadline; NPR’s chairman steps down amid harassment crisis; the Old Vic Theater in London apologized for not taking action after receiving 20 allegations of inappropriate behavior against Kevin Spacey; and more news about nonprofits.
Daily News Roundup: Elite Colleges Caught Up in Fight Over Tax Proposals
In other news, GOP tax proposals could cost charities billions; Bill Gates gives $50 million to Alzheimer’s research; the National Trust for Historic Preservation creates $25 million fund to preserve African-American historical sites; and other news and features on disaster relief, on museums, and more.
Propelled by Strong Growth, Giving Circles Start to Realize Their Own Clout
The number of groups has more than tripled over the past 10 years, and their philanthropy has grown by more than $1 billion.
By Alex Daniels
Contributor
Daily Update: Justice Dept. Considers Clinton Foundation Inquiry
Also, AIDS activists want designer Kenneth Cole to step down as amfAR board chair over his controversial deal with Harvey Weinstein; the University of Louisville may sue its own foundation over excessive spending; the veterans charity VietNow is being dissolved over “egregious fraud"; plus more news.
Daily News Roundup: Higher Education to Fight GOP Tax Proposal on Endowments
Also, more than 400 millionaires tell Congress not to raise their taxes; eight-figure contributions have gone to several orchestras; Charles Koch is making major gifts to foreign-policy programs at universities; a new study analyzes the attributes of the new philanthropist; and much more.
Senate’s Tax Bill Provisions Could Hurt Charities, Nonprofits Say
Many of the measures that disturb nonprofits about the House bill were included in a blueprint released Thursday. Adding to concerns: the House Ways and Means Committee voted to allow charities to engage in partisan politics. Plus see an update on the bill passed by the House Ways and Means Committee.
By Megan O’Neil
Contributor
Daily News Roundup: Universities Use Offshore Accounts to Hide Controversial Investments
Leaked documents from a Bermuda law firm reveal how U.S. institutions like Indiana University and Texas Christian University used “blocker corporations” to quietly invest millions of dollars in fossil fuels. In other news, nonprofits show glaring holes in preparedness for cyber-attacks, and a look at how the Republican tax cut plan would hamper the efforts of college major-gift fundraisers who work with athletic boosters.
Small Foundations Are More Generous Than Larger Ones, Study Finds
As a result of their giving, grant makers with less than $1 million in assets saw their endowments shrink an average of 1.4 percent in 2016, according to a report from Foundation Source.For a look at the giving rates of big foundations, see our special report.
By Megan O’Neil
Contributor
Daily News Roundup: How the Rich Stash Charitable and Other Assets Offshore
In other news and features, a report on affluent people who leave their “wealth bubble” to help in other neighborhoods; the GOP proposes ending tax exemptions on private-activity bonds, which provide tax-free borrowing for large hospitals and universities; a troubled Massachusetts museum plans to sell Norman Rockwell paintings over the objections of the late artist’s sons; and much more.
Daily News Roundup: Helping Charities Pays Off for Corporations
Other articles in a New York Times special section on giving includes a piece on how donors are using bitcoin and how to do research on giving. In other news and features, donor data was exposed in a Denver Art Museum hack, a former accountant at Arc in Hawaii has now been accused of stealing $7 million; environmental groups are trying to involve more minorities; and more news about endowments, Congress, and tax policy.
Daily Update: Harvey Weinstein Linked to Criminal Inquiry Into AIDS Charity Fundraiser
Prosecutors are examining transactions and contracts between New York-based charity amfAR, Mr. Weinstein, and the American Repertory Theater, sources told The New York Times. In other news, questions about a drug’s effectiveness leads an Alzheimer’s nonprofit to sever ties with Avanir Pharmaceuticals, and Apple executive Phil Schiller gives $35 million to help build a new science institute at Boston College.
Daily News Roundup: Obama Seeks to Help Young Leaders Organize
In a speech at his first leadership summit, the president said he wanted to give grass-roots organizers the tools they need to work for a cause. In other news, the University of Chicago’s economics department got a $125 million gift; donors withdraw contributions from a W.Va. Big Brothers Big Sisters over staff training on LGBT issues; and Oxfam has dismissed 22 employees over allegations of sexual abuse in the past year.
The Philanthropy 400 and the New Donor
The Chronicle’s annual nonprofit ranking reveals charitable-giving trends today — and what they might look like tomorrow.
Philanthropy 400 Special Report: Top Charities Appeal to Impatient, Policy-Minded Donors
The Chronicle’s 2017 ranking, drawn from IRS data and our exclusive survey results, unlocks a wealth of insights for fundraisers on how donors increasingly back nonprofits that promise solid returns and seek to influence policy.
Social-Service Groups Fight to Reverse a Slide in Donations
In the age of Trump, the United Way and others face the delicate task of ensuring that donors know and understand their missions and their importance.
By Debra E. Blum
Contributor