La. Tries New Tack in Bid to Block Planned Parenthood Funds
Gov. Bobby Jindal’s administration is now citing a 2013 Planned Parenthood settlement with neighboring Texas as a reason to end Medicaid payments to the organization’s two Louisiana clinics, the Associated Press reports.
City Hall Clash Holds Up Payments to N.Y. Homeless Shelters
Tens of millions of dollars in payments to nonprofits that operate shelters are in limbo amid a dispute between Mayor Bill de Blasio and Comptroller Scott Stringer, who contends the city is placing homeless people in unsafe conditions, reports The New York Times.
Little Sign of Fiscal Trouble in National Geographic’s Books
The National Geographic Society, which last week sold its namesake 127-year-old magazine and other heretofore nonprofit media properties to Rupert Murdoch’s 21st Century Fox, appears to be in robust fiscal health, according to its most recent financial disclosures, reports The Washington Post.
S&P Sees Improved Fiscal Outlook for Nonprofit Hospitals
In a new report, credit-rating agency Standard & Poor’s says a wave of hospital acquisitions and Medicaid expansion has brightened the financial picture for nonprofit medical systems, Healthcare Finance News writes.
Defunct Minn. Charity’s Leader Charged With $250,000 Fraud
The former director of Community Action of Minneapolis, which was shuttered last year, was indicted Thursday on federal theft and fraud charges in connection with an ongoing corruption inquiry, the Star Tribune reports.
Atlanta Symphony Names New Head, and Minn. Orchestra Is Out of the Red
The two orchestras, both beset in recent years by fiscal struggles and bitter contract fights with musicians, continued their rebounds with the Atlanta organization hiring a new director and the Minnesota ensemble balancing its budget, The Atlanta Journal-Constitution and the Star Tribune respectively report.
Planned Parenthood Not Invited to House Hearing on Planned Parenthood
A congressional committee kicked off a series of hearings on the orgaization’s activities Wednesday without hearing from the group itself, representatives of which were not asked to testify, The Guardian reports.
Agassi-Led Equity Fund Aims to Draw $400 Million for Schools
Tennis icon and charter-school advocate Andre Agassi is spearheading a new private-equity real-estate fund that seeks to raise money from Merrill Lynch clients to finance dozens of new schools across the country, reports The Wall Street Journal.
UConn Foundation to Tap Students’ Parents, Hospital Patients
Aiming to build the University of Connecticut’s endowment to $1 billion, the institution’s nonprofit fundraising affiliate will pursue greater giving from current students’ families and UConn Health Center patients, the Associated Press reports.
If elected president, Jeb Bush would promote a tax plan that maintains deductions for charitable giving and provides other tax breaks for wealthy donors, the Republican candidate writes in a Wall Street Journal column.
National Geographic Magazine to Become a For-Profit Publication
The change will take place later this year when a $725-million deal closes that will expand 21st Century Fox’s ownership of the magazine, The Huffington Post reports. The National Geographic Society will remain a nonprofit and will still have a stake in the publication.
Pay Hikes at Big Endowments Often Outstrip Returns, Survey Finds
Compensation for managers at the biggest college and university endowments frequently doesn’t square with the performance of their funds, according to a Bloomberg survey of wages and raises for top endowment executives.
Intel Drops $6 Million Sponsorship of Youth Science Contest
After 17 years funding the Science Talent Search, a prestigious math and science competition for U.S. high-school students, the computer-chip giant Intel is ending its support of the contest, The New York Times reports.
Taubman Art Sale Means No Bequest for Detroit Museum
The Detroit Institute of Arts, which has long enjoyed support from the late billionaire philanthropist A. Alfred Taubman, will not receive a direct gift from the shopping-mall magnate’s estate but will remain a beneficiary of his foundation, the Detroit Free Press and The New York Times write.
India Orders End to Foreign Funding for Greenpeace
Four months after suspending Greenpeace India’s license to collect donations from abroad, Prime Minister Narendra Modi’s government revoked it outright, claiming the environmental activist group’s actions have undermined national interests, The New York Times and The Wall Street Journal report.
Wash. Supreme Court Strikes Down Charter-School Effort
In a surprise ruling delivered late Friday afternoon, Washington State’s Supreme Court declared unconstitutional a law authorizing government funding of charter schools that was backed by some of the country’s biggest education donors, reports the Seattle Post-Intelligencer.