Texas Moves to Strip Planned Parenthood Medicaid Funding
Citing secretly shot videos purporting to show that Planned Parenthood traffics in fetal organs, Texas officials moved Monday to cut off state-administered Medicaid funds to the women’s-health group, The Dallas Morning News and USA Today report.
Judge: La. Must Pay Planned Parenthood at Least 2 More Weeks
A federal judge in Baton Rouge ordered Gov. Bobby Jindal’s administration to delay its planned cutoff of Medicaid money for the women’s-health group and cast doubt on state officials’ legal rationales for the move, reports Bloomberg Business.
In Oil States, Tumbling Crude Prices Hit College Giving
The oil bust that has seen crude prices fall by more than half since last year is putting a financial squeeze on universities in states such as Texas, Louisiana, Oklahoma, and Alaska where the energy sector is a major source of higher-education donations, reports the Associated Press.
$450,000 Payment Draws Complaint Against San Francisco Museum Leader
Citing unnamed “multiple sources,” the San Francisco Chronicle reports that the top fiscal official at the Fine Arts Museums of San Francisco has filed a whistle-blower complaint alleging financial misconduct by the organization’s board president, noted Bay Area philanthropist Diane B. “Dede” Wilsey.
U. of Wisconsin Nonprofit Awarded $234 Million in Apple Case
The damage award Friday followed a federal jury’s ruling that Apple infringed on a patent for computer-chip technology developed on the Madison campus and owned by a university-affiliated foundation, the Wisconsin State Journal reports.
Nonprofit Health-Insurance Co-ops in Colo. and Ore. to Fold
Two insurers established under an Affordable Care Act initiative are the latest among 23 insurance “co-ops” to close due to cash shortages, The Denver Post and The Oregonian report.
U. of Wisconsin Kicks Off $3.2-Billion Capital Campaign
The fund drive, nearly double the size of the university’s last major campaign, reflects growing pressure to cut costs and find new revenue streams amid deep cuts in state higher-education spending, the Milwaukee Wisconsin Journal Sentinel writes.
$55-Million Gonzaga Bequest Includes Valuable Seattle Land
The gift to Gonzaga University from real-estate investor Myrtle Woldson, who died last year at age 104, will help fund a performing-arts center on the Spokane campus. The gift could become larger as the waterfront Seattle properties she left to the university grow in value, The Spokesman-Review and KXLY radio of Spokane report.
Growth in Giving Fuels Investor Interest in Blackbaud
The supplier of software for charities is gaining popularity among investment managers as giving grows and the smaller nonprofits that are a large part of its customer base increasingly seek big-data solutions, Reuters reports.
Minn. Regulator Takes Aim at National Car-Donation Charity
State Attorney General Lori Swanson issued a report Wednesday alleging misleading practices by a national nonprofit that solicits vehicle donations on behalf of Make-a-Wish but keeps four-fifths of the revenue, the Star Tribune writes. The head of the state’s Make-a-Wish chapter endorsed the inquiry.
Impact Investing Can Bring Big Returns and Court Battles
The Wall Street Journal examines the growth in high-dollar impact investments by activist philanthropies, focusing on the Baltimore-based Abell Foundation’s stakes in mission-aligned areas like sustainable energy.
Report Proposes Charity-Care Credits for Nonprofit Hospitals
A new study suggests nonprofit hospitals implement a system of credits and trade to correct a geographic mismatch in supply and demand for uncompensated treatment, The Atlantic writes.
N.Y. State Shutters Pet Hospice Supported by Celebrities
State officials have closed a rural shelter for ill and injured dogs and cats, accusing its owner of multimillion-dollar mismanagement, reports the Associated Press. The group had won televised kudos from Oprah Winfrey.
Planned Parenthood to Forgo Reimbursement for Fetal Tissue
The women’s-health nonprofit, under fire from conservatives over finances regarding its provision of fetal tissue for medical research, said Tuesday it would no longer accept repayment for its costs in doing so, The New York Times reports.
Minority Arts Groups Face ‘Chronic Financial Difficulties,’ Study Finds
Latino and African-American museums and performance troupes struggle to draw philanthropic support compared to other cultural institutions, creating “chronic financial difficulties” that sharply limit what they are able produce, according to a new report cited by the Los Angeles Times.
Patent Case Against Apple Could Award University Foundation $860 Million
A federal jury on Tuesday found that the Silicon Valley giant violated a 1998 patent owned by a nonprofit arm of the University of Wisconsin-Madison, Reuters reports.