Daily News Roundup: Zuckerberg-Chan Initiative Adds Another Adviser
Joel Benenson, a former Hillary Clinton and Barack Obama pollster, also works for the American Civil Liberties Union. Also, pension and endowment values at the University of California grew 14 percent thanks to lower money-management fees.
From Boys Town to Harvard: Big Endowments in the Cross Hairs
The exploding size of many nonprofits’ cash stockpiles has some lawmakers wondering how much is too much.
By Megan O’Neil
Contributor
Daily News Roundup: Nonprofit’s Twist on Private-Equity Fund Aims to Speed Diabetes Research
The Juvenile Diabetes Research Foundation’s new nonprofit invests in companies studying the disease. Also, the United States is suspending a program that fights extreme poverty.
Letters: Chronicle’s Endowment Analysis Lacked Context
The chief financial officer at Stanford University says endowments are what lead to America’s economic growth, while leaders of a key college association see a missed opportunity to explain the difference between current gifts and those meant to ensure financial security.
Opinion: Grant Makers Can Promote Diversity by Focusing on Who’s Managing Endowment Assets
Foundations are taking many steps to promote inclusiveness, but too often they forget one area that matters: making sure the people who invest their assets aren’t just white men. Here’s how one foundation is changing the equation.
By MARY MCCLYMONT
Contributor
How to Capitalize on Donor-Advised Funds
The Chronicle’s “What Donors Want: Donor-Advised Funds” gives you advice you can use to tap into this fast-growing trend.
How the Chronicle Analyzed the Growth of Endowments
We examined more than 1,600 nonprofits with endowments of least $35 million.
By Megan O’Neil
Contributor
Many Big Nonprofits Rapidly Stockpiling Endowment Cash, Chronicle Data Shows
For 253 of the more than 1,600 nonprofits studied, the dollars flowing into their endowments over six years exceeded the dollars flowing out by more than four to one.
By Megan O’Neil
Contributor
Hundreds of nonprofits across the country are amassing huge amounts of money — many times more than they spend annually — and Congress is taking a closer look at these stockpiles of tax-exempt cash.
By Megan O’Neil and joshua.hatch
Nonprofit Coalition Takes a New Tack in the Trump Era
Dan Cardinali has spent his first year as head of Independent Sector finding ways to promote a populist tax idea and taking a more expansive approach to getting charities and foundations to work together.
By Rebecca Koenig
Contributor
Daily News Roundup: Controversy Over Coke Giving Follows Ga. Health Official to CDC
The soft-drink giant funded anti-obesity programs in Georgia when Brenda Fitzgerald, incoming head of the Centers for Disease Control and Prevention, was the state’s health commissioner. Also, volunteerism jumps in New York City, and a tale of two Utah nonprofits that barred LGBT groups from events.
Daily News Roundup: NYC Plan for Arts Groups Links Funding to Diversity
Mayor Bill de Blasio says arts nonprofits’ progress on staff and board equity will be a factor in City Hall grant decisions. Also, big donors to the San Antonio Symphony form a nonprofit to take over operation of the financially struggling orchestra.
Daily News Roundup: Historically Black Colleges Struggle to Build Endowments
Black higher-education institutions boast strong alumni-giving rates but draw far fewer dollars than peers and have less opportunity to pursue risky but potentially lucrative investment strategies. Also, the Kennedy Center sees fundraising gains but management churn under a new president.
Daily News Roundup: Inside a College Development Office Riven by Dysfunction
Dozens of fundraisers have left Rensselaer Polytechnic Institute in recent years, fleeing what ex-staffers describe as a toxic environment created by the university’s highly paid president. Plus, how big nonprofit hospitals are faring financially under Obamacare.
Daily News Roundup: House Takes Step to Weaken Church-Politicking Ban
The Appropriations Committee approved language in a spending bill aimed at curbing IRS enforcement of the ban on electioneering by houses of worship. Also, big foundations take big financial hits as a private-equity fund popular with charitable investors goes bust.
Daily News Roundup: New Coalition of Big Aid Charities Tackling Hunger Crisis
Eight of the world’s largest relief groups will raise money together to alleviate starvation in three African countries and Yemen. Also, the University of Louisville Foundation comes under state investigation, and Howard Buffett gives a philanthropic boost to his adopted Illinois hometown.