Sen. Grassley Questions Wounded Warrior’s Spending
After examining financial statements, the lawmaker said he had doubts about the organization’s assertion that it devotes 80 percent of expenses to programs.
By Timothy Sandoval
Contributor
Opinion: Dan Pallotta Says Major Nonprofit Groups Should Merge
Nonprofit advocacy, leadership, watchdog, and policy groups should join forces to build a strong, unified voice for the nonprofit sector, the Charity Defense Council head writes in a piece in the Harvard Business Review.
Mass. Nonprofit Workers Among Highest Earners
Nonprofit employees in Massachusetts earned some of the highest wages in the country during the recession, outstripping private-sector employees on average, the Lowell Sun writes, citing recently released data from the Bureau of Labor Statistics.
Gates Foundation Further Cuts Fuel Holdings, Selling BP Stake
The Bill & Melinda Gates Foundation has shed all its shares in the British oil giant, a further sign that the world’s largest philanthropy is pulling back from investments in fossil fuels, The Guardian writes.
Clinton Global Initiative Helped Firm With Clinton Ties
A $2 million commitment announced at the 2010 Clinton Global Initiative supported a green-energy company partly owned by friends of the Clinton family, according to The Wall Street Journal.
Letter to the Editor: Article Missed Spirit of Mission-Investing Conference
This week’s Mission Investors Exchange gathering acknowledged challenges in impact investing but focused on gains, two leaders of the organization say.
By STUART COMSTOCK-GAY
Contributor
Foundation CEOs Struggle to Boost Mission Investing
The pressure for strong financial returns continues to overshadow efforts to do good by reallocating portfolios.
By Alex Daniels
Contributor
Foundations’ Flint Pledge Fuels Debate on Philanthropy’s Role
The Christian Science Monitor looks at this week’s commitment by 10 foundations to pump $125 million into Flint, Mich., and what it portends about philanthropy’s role in responding to crises to which governments contribute or are slow to address.
N.Y. Arts Charity Whose Leader Suffered Lye Attack to Close
Days after firing an executive director who was assaulted last year with caustic drain cleaner, the Healing Arts Initiative abruptly shut down Wednesday and is likely to declare bankruptcy, according to The New York Times.
GuideStar Unveils New Tool to Share How Charities Measure Results
A new seal that appears on some charities’ profiles is intended to help nonprofits move beyond weighing overhead costs too heavily.
By Eden Stiffman
Senior Editor
Global Charities Say More Relief Aid Should Go to Local Groups
Major international aid organizations say humanitarian crisis response could be drastically improved if more relief money from governments and the United Nations went directly to nonprofits based in the conflict and disaster zones, according to a survey by the Thomson Reuters Foundation.
U.S. Park Service Eyes Naming Rights for Corporate Donors
The director of the National Park Service has proposed expanded rules on philanthropy that would make some facilities at the country’s 411 national parks available to be named for corporate contributors, writes The Washington Post.
Free Overhead: How Creative Mission Led to Cost Savings
The Scandinavian Cultural Center is an extension of a nonprofit assisted-living center, with dividends for both.
By Drew Lindsay
Senior Editor, Special Projects
Judge Rejects Penn St. Insurance Claims on Sandusky Abuse
The university sought a ruling that its insurer would be liable for all of the nearly $100 million in settlements it has paid out to 32 accusers of Jerry Sandusky, the former assistant football coach who was convicted in 2012 of serial sexual abuse of children, The New York Times writes.
N.Y. Charity Fires Executive Who Suffered Chemical Attack
The Queens-based Healing Arts Initiative said the firing of D. Alexandra Dyer, the group’s executive director, was not in retaliation for a lawsuit she filed over an attack with lye that left her badly burned and scarred, reports The New York Times.
Nonprofit Tied to N.Y. Mayor Won’t Comply With Subpoena
An ethics panel is investigating the Campaign for One New York over whether it should have registered with the state as a lobbyist last year, according to The New York Times.