Banking Giant HSBC Cuts Links With Big Muslim Aid Charity
The global bank halted services a year ago to international humanitarian agency Islamic Relief, allegedly over concerns that the nonprofit’s funds could end up in the hands of terrorist groups, Economic Times writes, citing reporting by London’s Sunday Times.
Opinion: 2016 Shaping Up as a Big Year for ‘Dark Money’
Presidential politics and congressional action are further opening the floodgates for funds from “social welfare” nonprofits to flow into this year’s campaigns, a Bloomberg View columnist writes.
Visa and Dell Help Girl Scouts Boost Digital Cookie Program
Girl Scouts of the U.S.A.'s burgeoning online cookie sales will get an estimated $3 million assist this year from the companies’ investment in training, tech tools, and digital features, reports The New York Times.
Obamacare Opt-Out Spurs Growth of Faith-Based Health Plans
Health-care ministries that offer coverage outside the insurance system have grown rapidly in recent years as consumers take advantage of an exception for such nonprofit providers in the Affordable Care Act, writes The Wall Street Journal.
Right Plans Hiatus in Planned Parenthood Funding Fight
A largely symbolic House vote next week to halt federal payments to the women’s health nonprofit will likely be the last on the issue until a Republican moves into the White House, conservative activists tell The New York Times.
Prison and Climate Divestment Activists Unite on Campuses
Student activists who have mounted parallel campaigns seeking to redirect their colleges’ investments are increasingly forming alliances to ratchet up pressure on behalf of their causes, reports the Associated Press.
Congressman Seeks More Data on Red Cross Downsizing
A ranking member of the House committee that oversees the American Red Cross is pressing for more information on how layoffs and chapter closures have affected the aid organization’s disaster-response mission, ProPublica reports.
Arts Giving Is a Low Priority for Data-Driven Millennial Donors
A new generation of donors committed to social causes and sympathetic to the tenets of “effective altruism” could create long-term fundraising problems for cultural nonprofits, according to The Seattle Times.
Israeli Leaders Advance Bill on Nonprofits’ Foreign Funding
A committee of government ministers approved legislation Sunday that would require nonprofits to disclose if they get more than half their funding from other countries, The Wall Street Journal and The Times of Israel report.
Chan Responds to Questions About Plans for Facebook Fortune
In an email to The Chronicle, the wife of the social-media pioneer Mark Zuckerberg describes the couple’s ideas on how they will distribute billions of dollars to philanthropic efforts.
By Megan O’Neil
Contributor
N.J. Alzheimer’s Group Joins Exodus From National Federation
Following the lead of affiliates in New York City and Southern California, the Greater New Jersey Alzheimer’s Association chapter is leaving the national group over its plan to reorganize into a single legal entity, reports The Wall Street Journal.
NYU Spending $1.1 Million to Renovate President’s Residence
The penthouse makeover follows past controversies over lavish perks for top New York University adminstrators and nationwide contention over college presidents’ pay and benefits amid rising tuition and student debt, according to The New York Times.
Nonprofit Insurer Raises Rates Despite $9.9 Billion Surplus
The Houston Chronicle reports on the finances of Health Care Service Corp., the nation’s largest customer-owned insurer, which is raising premiums and eliminating some coverage plans while maintaining a reserve fund one health-policy expert called “unusually aggressive.”
Charity That Decorates Military Graves Relies on Founders’ Firm
Wreaths Across America, a nonprofit that each holiday season places millions of dollars’ worth of decorations at Arlington National Cemetery and other burial sites, relies exclusively for supplies on a company owned by its founders, The Wall Street Journal writes.
Hedge-Fund Mogul Works to Make Companies More ‘Just’
The New York Times looks at finance billionaire Paul Tudor Jones’s nonprofit Just Capital, which aims to reduce income inequality and address other social problems by ranking big corporations on social responsibility.
Court Finds Wash. Hospital Violated Charity Care Law
A Yakima County, Wash., judge ruled that a regional medical center breached state law by demanding payment from indigent patients before providing treatment, the Yakima Herald reports.