Daily News Roundup: Tom Brady’s Trust Gets Millions From Charity He Backs
Plus, the Bay Area property boom begins hitting Oakland nonprofits’ pocketbooks, and this year’s winners of the activism-honoring Goldman Environmental Prize are announced.
Daily News Roundup: Conn. Charities Could Lose Sales-Tax Exemption
The proposal, aimed at reducing the state’s huge budget gap, would cost Connecticut charities more than $200 million a year. Also, a look at ties between a pharmaceutical giant and a tiny disease charity, and a big gift aims to send every student at a Maine college to study abroad.
Daily News Roundup: Steve Ballmer Launches Online Trove of Government Data
Also, the White House sends up a trial ballon on capping the charitable deduction, and Sheryl Sandberg’s workplace-equality nonprofit Lean In faces criticism for staying neutral as more professional women protest Trump policies.
Daily News Roundup: Universities Pushing Back on Endowment Scrutiny
As Congress weighs restrictions on tax exemptions for endowments, well-heeled colleges are adding the issue to their lobbying agenda. Also, how technology unduly dominates a surge in education aid for displaced Syrian children.
Daily News Roundup: How a Boston Bombing Survivor Pays It Forward
Far-flung donor support that helped her recover from injuries suffered in the 2013 attack inspired Brittany Loring to help victims of traumas that receve far less public attention. Also, the Pittsburgh Foundation reaps a Trump bump in giving, and Egypt frees a long-detained American charity worker.
Tax Day Is Nigh. Here’s How Personal Taxes Affect Nonprofits.
A collection of Chronicle articles, opinion columns, and data projects about income tax, the charitable deduction, and the nonprofit world.
By CODY SWITZER
Contributor
Daily News Roundup: GOP Eyes Tax Bill for Johnson Amendment Repeal
House Republicans are reportedly folding language to end the ban on politicking by charities into larger tax legislation. Also, a Wall Street traditionalist on the Ford Foundation’s board embraces impact investing, and opposition recedes to charities holding big galas at President Trump’s Florida estate.
Daily News Roundup: Modern Master Robert Ryman Donates Art Trove to Dia Foundation
Also, the European Union weighs legal action over Hungary’s targeting of George Soros-backed nonprofits, and a business professor calls for limiting the charitable tax deduction to gifts to “efficient” nonprofits.
Daily News Roundup: Reporting on Trump’s Philanthropy Earns Pulitzer Prize
David Fahrenthold of The Washington Post won journalism’s most prestigious honor for his dogged tracking last year of the then-candidate’s claims about his giving. Also, the head of Oregon’s equity-focused Meyer Memorial Trust announces plans to step down.
Daily News Roundup: ‘I Have a Dream’ Education Donor Eugene Lang Dies
Mr. Lang famously promised to pay college tuition for a Harlem school’s sixth-grade class and later started a charity that helped thousands more students attain higher education. Also, New York State lawmakers drop a plan to reap revenue from university foundations.
Community-Development Nonprofit Set to Issue $100 Million in Bonds
The Local Initiatives Support Corporation says the offering will allow it to tap into impact-investment dollars and be more flexible in its work.
By NICOLE WALLACE
Features Editor
Daily News Roundup: Trump Plans Could Mean ‘Life and Death’ for Charities
Nonprofit leaders and lobbyists say the administration’s budget plans pose an existential threat to many organizations. Also, European lawmakers call for action against Hungary’s targeting of nonprofits and institutions funded by George Soros, and Britain fines major charities for “wealth screening” of donors.
Ford Foundation to Put $1 Billion From Endowment Into Social Investments
By promising a big chunk of its $12 billion endowment to businesses that reduce inequality, the nation’s second-wealthiest grant maker could spur peers to increase their impact investing.
By Alex Daniels
Contributor
Daily News Roundup: Trump Donates First-Quarter Pay to Park Service
A federal agency facing major budget cuts is the first beneficiary of the president’s promise to give away his government wages. Also, billionaire philanthropist Carlos Slim launches an effort to help legal Mexican immigrants attain U.S. citizenship.
Charity leaders and the stars themselves dish about the ins and outs of working with big names to raise big money.
By Megan O’Neil
Contributor
Daily News Roundup: Facebook and Foundations Team for News Project
The $14 million venture will back efforts to help people make informed judgments about what they read online. Also, a foundation fires the law firm it shared with President Trump, and a look at how Rockefeller heirs are taking the reins of the family’s philanthropy.