Mich. Senate Backs Bill to Shift Charity Gaming Oversight
State senators approved legislation Wednesday that would create statutory regulations for charity poker fundraisers, transferring oversight for the so-called “millionaire’s parties” from a state agency that has drawn controversy for cracking down on the events, MLive reports.
Failure of Health-Care Co-ops Traced to Rubio-Backed Measure
Language inserted by Sen. Marco Rubio into a major spending bill last year has significantly undermined a key aspect of the Affordable Care Act, setting the stage for this year’s collapse of more than half of the nonprofit insurance providers established under the health law, writes The New York Times.
Hospital Giant Ordered to Pay Health Foundation $434 Million
A Missouri judge has awarded the Health Care Foundation of Greater Kansas City nearly $434 million in its long-running legal battle with the for-profit hospital network HCA over the firm’s 2003 purchase of several medical centers in the region, the public radio station KCUR reports.
N.J. Lawmakers Mull ‘Community’ Levy on Nonprofit Hospitals
A bipartisan bill before New Jersey legislators would require the state’s 63 nonprofit hospitals to make millions of dollars in “Community Service Contributions” to local governments to offset the cost of police, fire, and other services, Healthcare Finance News reports.
California Endowment Spurns Investment in Private Prisons
Divestment efforts have gained attention in recent years, but many organizations are concerned the move could hurt returns in their portfolios.
By NICOLE WALLACE
Features Editor
Education Charity Sees Cost-Cutting, Not Fundraising, as Key to Growth
College Summit is trimming staff and programs to focus on what it does best and make its services more affordable.
By Rebecca Koenig
Contributor
Greenpeace Sting Tests Funding Disclosure in Climate Science
The environmental activist group conducted an undercover operation in which its employees posed as representatives of energy firms seeking to secretly fund research touting the benefits of coal and carbon emissions, reports The New York Times.
Del. Nonprofit Sues State Over Use of Bank-Settlement Money
A suit filed on Monday accuses Gov. Jack Markell and other top officials in Delaware of misusing tens of millions of dollars from a settlement with big financial institutions by using the money to balance the budget rather than for programs to help victims of the financial crisis, the Associated Press and The News Journal of Wilmington report.
Gates Sees Low Oil Prices Hampering Anti-Poverty Efforts in the Gulf
Traveling in the Gulf states to raise money for a $2.5 billion fund to tackle poverty in the Muslim world, Bill Gates said the global plunge in oil prices is having an impact on the effort, Reuters reports. But he said a growing culture of giving in the region could counter the impact of the oil decline.
Zuckerberg-Chan Plan: ‘The Prize’ Author and Others Weigh In
Journalist Dale Russakoff, whose book dissected the missteps that followed Mark Zuckerberg’s $100 million donation to the Newark, N.J., school district, writes in The Washington Post that the Facebook chief executive’s new $45 billion philanthropic plan shows he learned important lessons from that controversial earlier project.
Duluth Diocese in Bankruptcy After $4.8 Million Abuse Award
The Minnesota city’s Catholic diocese filed for Chapter 11 protection on Monday after being ordered by a jury last month to pay millions of dollars to a man who was sexually abused by a local priest in the 1970s, reports The Wall Street Journal.
Pay-for-Success Financing: An Overview
In the first of three video briefings, experts share their learnings and advice on pay-for-success financing.
Opinion: Yale Economist Urges ‘Impact Audits’ to Guide Giving
A Yale University professor who established a new organization to assess the efficacy of nonprofits through analysis modeled on financial audits describes the endeavor in The Wall Street Journal.
Median Pay for Private-College Leaders Rose 5.6% in 2013
Thirty-two presidents of private colleges and universities were paid more than $1 million in 2013, with median pay for campus leaders increasing by 5.6 percent to about $436,000, according to The Chronicle of Higher Education’s annual compensation survey.
Senate Obamacare Repeal Also Strips Planned Parenthood Money
The 52-47 vote Thursday sends to the House legislation that would accomplish long-sought conservative goals to eliminate federal funding for Planned Parenthood and roll back most of the Affordable Care Act, CNN and The Washington Post report.
U. of Massachusetts Fund Manager to Divest Coal Holdings
The foundation that oversees the state university system’s $770 million endowment said Thursday that it will cease direct investment in coal companies to send a message about climate change, public radio station WBUR and The Boston Globe report.