Buffetts Call Philanthropy a ‘Product of Power’
In an essay published by Time, Jennifer and Peter Buffett promise to work to ensure that their charitable dollars “don’t recreate the very systems that keep women from accessing their power in the first place.”
Group Pledges $50 Million to Mitigate Gentrification in D.C.
The commitment by a national community-development nonprofit aims to protect low-income residents from displacement and other effects of gentrifications in the Washington neighborhood of Anacostia, The Washington Post reports.
Livestrong Shifts to Lower Gear Without Armstrong
The charity serving cancer patients has seen revenue fall since distancing itself from its founder, disgraced cycling star Lance Armstrong, USA Today writes.
L.A. Giving Has Yet to Recover From Recession, Study Finds
An upcoming report from the California Community Foundation and UCLA shows giving by wealthy households in the region is down by 15 percent since 2007, two university researchers write in the Los Angeles Times.
Study Aims to ID ‘Big Bets’ With Most Impact on Inequality
The Atlantic magazine examines a new report by philanthropic advisory firm the Bridgespan Group on where large infusions of philanthropic capital could do the most to move the needle on poverty and improve social mobility.
Taxing Big College Endowments Gains Traction on Capitol Hill
The Wall Street Journal reports on the growing Congressional chorus calling for using wealthy universities’ fast-growing, tax-exempt investment funds to put the brakes on skyrocketing tuition and student debt.
Ill. Human-Service Groups Sue Governor Over Unpaid Bills
Social- and human-service providers say they are owed more than $100 million for contracted programs for which the state has not paid throughout a budget impasse now in its 10th month, writes the Chicago Tribune.
Lawmakers Clear Bill on UConn Foundation Disclosure
Connecticut’s House and Senate passed legislation Tuesday that would require the flagship state university’s nonprofit fundraising arm to give the state a breakdown of its spending in certain categories, reports the Hartford Courant.
Opinion: Why a Breast-Cancer Activist Hates Charity Walks
The executive director of advocacy group Breast Cancer Action raises questions in The Washington Post about the finances of the popular springtime fundraising events put on by groups like Susan G. Komen and the Avon Foundation.
Lucas Eyes New Museum Home as Chicago Group Renews Criticism
Star Wars creator George Lucas is “seriously pursuing” a different city to host his planned museum of narrative arts after a seeming truce in the battle over a proposed Chicago lakefront location broke down Tuesday, the Chicago Tribune and the Chicago Sun-Times report.
Pa. Asks 3 Board Members to Resign From Hershey Trust
The state’s attorney general wants trustees who have served for more than 10 years to depart and for board compensation to be reduced per a 2013 agreement with the $12 billion charity that operates the Milton Hershey School, according to The Philadelphia Inquirer.
Seven Nonprofit Hospitals Among Country’s Most Profitable
All seven nonprofit medical centers earned at least $150 million in 2013, The Washington Post writes, citing a new study.
Journalism Prizes That Honor Union Leader Change Lives and Policies
The 2016 winners will be honored this week for their reporting on extreme poverty, brutality in the corrections system, and more.
By Alexandra Lescaze
Contributor
Facebook Facing Lawsuit Over Zuckerberg Stock Move
A shareholder filed suit Friday over the company’s plan to issue a new class of stock that would allow CEO Mark Zuckerberg to retain control of the social-media giant while plowing a huge chunk of his holdings into a $45 billion philanthropic venture, Reuters reports.
Worker Who Stole $800,000 From Veterans Charity Sentenced
The former bookkeeper was sentenced Friday to two years in prison and was ordered to pay the money back, according to the Hartford Courant.
Opinion: Study Shows That in Nonprofit Support, Race Matters
A survey of Philadelphia human-service charities found significant disparities in size, financial resources, and other measures of success between white- and black-led organizations, three area African-American leaders write in a column for the Philadelphia Business Journal.