Donations to Nonprofit Subsidize Ind. Governor’s Travel
Indiana Gov. Mike Pence has used a corporate-supported nonprofit subsidiary of the state economic-development agency to cover official trips abroad and other expenses, writes the Indianapolis Star.
Ill. Telemarketer’s Charity Clients Got 15% of Funds Raised
The Chicago Tribune looks at the charity fundraising industry through the lens of a Chicago call center that keeps about 85 cents of every dollar it raises for nonprofit clients and has repeatedly faced regulatory scrutiny.
N.Y. Hospitals Partner With Nonprofits to Reduce Admissions
Hospitals and social-service charities in New York are joining forces to cut down on costly hospital stays in low-income communities as part of a state Medicaid-reform program, reports Crain’s New York Business.
Colleges Weigh Money and Values When Donors Want to Endow Chairs
The Chronicle of Higher Education looks at how universities weigh donor offers to endow faculty chairs in light of controversies over professorships named for divisive figures.
St. Louis Nonprofits That Employ Disabled Protest Wage Hike
“Sheltered workshops” that train and employ developmentally disabled workers are raising concerns about an amendment to a proposed city minimum-wage increase that would extend the mandatory raise to their organizations, reports the St. Louis Post-Dispatch.
With Cash Dwindling, Nonprofit Nev. Obamacare Co-Op to Close
Nevada Health CO-OP, one of 23 federally funded nonprofit insurers established under the Affordable Care Act to compete with traditional providers, will shut down at the end of the year after racking up tens of millions of dollars in losses, reports the Las Vegas Review-Journal.
4th Ex-Official at N.Y. Priest’s Charity Takes Plea in Inquiry
The former chief operating officer of a New York clergyman’s social-service nonprofit pleaded guilty Wednesday to misdemeanor charges of filing misleading paperwork with state officials, the fourth conviction in a state investigation of the charity, the Times Union of Albany writes.
Millions Donated by Californians on Tax Returns Go Unused
Nearly $10 million donated by Californians to charity via check-off boxes on their tax returns over the past decade is sitting unspent in government accounts, and much of the money never reaches the intended target, reports the Associated Press.
Foundation Investment Growth Slowed Substantially Last Year, Study Says
Returns fell to 6.1 percent in 2014 after two years of double-digit gains, and recent market gyrations raise concerns about even leaner times ahead.
By Alex Daniels
Contributor
Requiring Colleges to Spend More From Their Endowments Would Be Bad for All Nonprofits
Urging Congress to require the use of endowment earnings to defray tuition is a recipe for the kind of political interference that will anger donors.
By HOWARD HUSOCK
Contributor
Planned Parenthood Sues La. Over Cutoff of Medicaid Money
A Louisiana Planned Parenthood unit filed in federal court for an injunction to block Gov. Bobby Jindal’s order to terminate Medicaid funding for the organization in the wake of disputed claims that it traffics in fetal tissue, The Wall Street Journal writes.
New Wave of Criticism Aimed at Top College Endowments
A law professor’s essay criticizing the hefty fees collected by major universities’ investment managers has reignited debate about how elite colleges utilize, or don’t utilize, their multibillion-dollar endowments, The Chronicle of Higher Education writes.
San Francisco Church Feuds With Charity Affiliate Over Housing
San Francisco officials have weighed in on a showdown between a city church and a nonprofit it founded to manage a low-income housing development over a planned sale of the complex, the San Francisco Chronicle reports.
Howard Buffett Nonprofit Invests Millions in Congo Hydropower
The philanthropist and his foundation are placing a big bet on hydroelectricity to spur development in the Democratic Republic of Congo, pledging nearly $60 million for power projects in the war-torn central African nation, Reuters writes.
Foundation Figures in Fight Over Helen Gurley Brown’s Legacy
The New York Times explores connections between the Pussycat Foundation and controversies over control of the late Cosmopolitan publisher’s legacy and her valuable Manhattan apartment.
New Captain Puts N.Y.’s Seaport Museum on the Right Course
New York’s South Street Seaport Museum, long plagued by financial troubles and nearly done in by Hurricane Sandy, is righting itself under a leader with little prior museum experience but a deep background in seagoing and historic ships, writes The Wall Street Journal.