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Finance and Revenue

(page 65 of 111)

N.Y. Nonprofits Seek $200 Million to Cover Minimum-Wage Hike

Leaders of government-funded New York social-service charities called on legislators Tuesday to approve Gov. Andrew Cuomo’s proposed minimum-wage increase and to include $200 million in the state budget to help cover their higher payrolls, Newsday and the Albany Times Union report.

Ex-L.A. Council Aide Acquitted in Nonprofit Fraud Case

A long-time lobbyist and former adviser to a Los Angeles City Council member was acquitted Tuesday on charges that he and his wife used a nonprofit to divert nearly $20,000 in public funds to a former local water-district official, the Los Angeles Times reports.

Anti-Defamation League Redirects Trump Donations

The nonprofit said it will redirect tens of thousands of dollars in donations from Republican presidential candidate Donald Trump to anti-bullying and anti-bias efforts, Politico reports. 

Gov. Christie Seeks to Suspend Taxes on Nonprofit Hospitals

New Jersey Gov. Chris Christie proposed a two-year freeze that would stop local governments from collecting property taxes from nonprofit hospitals, The Wall Street Journal reports. 

Nonprofit Set Up by L.A. Mayor Raised Nearly $15 Million in 1st Year

The Mayor’s Fund for Los Angeles, started by Mayor Eric Garcetti to help fund civic projects, spent less than a third of the $14.6 million it took in from foundations, corporate charities, and other donors in fiscal 2015, reports the Los Angeles Times.

N.Y. Arts Group Could Reap $100 Million in Property Sale

Venerable arts nonprofit the National Academy has decided to sell its longtime home, a pair of Beaux Arts Manhattan buildings appraised at $107 million in 2012, deeming the landmark property too expensive for the group to maintain, writes The New York Times.

Wounded Warrior Founder Says Charity ‘Grew Too Fast’

John Melia, the founder and former head of the Wounded Warrior Project who is hoping to return to the scandal-plagued veterans charity, tells WJXT TV in Jacksonville that it “became exactly what we didn’t want it to be become” under his successors.

Judge Orders Ill. College Foundation to Release Records

The order that the College of DuPage’s nonprofit fundraising arm must turn over a federal grand-jury subpoena to the Chicago Tribune is believed to be the first court finding in the state that a public college’s foundation is subject to open-records laws, the Tribune reports.

Opinion: ‘Big Bets’ by Donors Can Propel Social Movements

History shows that “big bet” donations of $10 million or more play a key role in the progress of mass movements on social issues, a nonprofit adviser writes in a Forbes blog post.

Veterans Nonprofits Seek Separation From Wounded Warrior Project

Veterans Nonprofits Seek Separation From Wounded Warrior Project

In addition to underscoring their independent identities, the groups say they are emphasizing financial transparency and being clear with donors about the services their dollars provide.

S. Dakota Says Couple Who Died Stole $1 Million From Nonprofit

State officials say a couple who died in a September 2015 murder-suicide were looting hundreds of thousands of dollars from an organization that helped Native American students prepare for college, writes the Associated Press.

How to Steer More From Big College Endowments to Public Needs

How to Steer More From Big College Endowments to Public Needs

Changing the incentives for donors and institutions could help stem the hoarding of university assets.

More European Museums Turning to U.S.-Style Fundraising

With European governments’ austerity budgets cutting into cultural funding, major art museums abroad are increasingly seeking to tap private philanthropy along the American model, writes The New York Times as part of a package of articles on trends in the museum world. 

Nonprofit Revenue Climbs but Slower Than Before the Recession

Nonprofit Revenue Climbs but Slower Than Before the Recession

A study that looked at the informational tax forms for 80 percent of active nonprofits found that nonprofit revenue grew 2.7 percent in 2014.

Hot Real-Estate Market Pounds Nonprofit Renters and Rewards Owners

Soaring property values are creating a “displacement crisis” for many nonprofits that use rented space. Others that own their own buildings are jumping on the chance to sell — and score a windfall.

Wounded Warrior Emails Pin Troubles on Media ‘Agenda’

In emails to staff following the firing of two top executives last week, leaders of the embattled veterans charity defended its work and expressed anger over media investigations that plunged the organization into controversy, according to Jacksonville, Fla., TV station WJXT.