The group’s system for making short-term internal loans while it waits for pledges to come through helps it fulfill needs as they arise.
By NICOLE WALLACE
Features Editor
Questions nonprofits and foundations choose not to ask.
By J. McCray and Antony Bugg-Levine
Social-Impact Bonds Need to Focus on Results
The key measure of whether the approach works should not be financial savings but how many lives are improved.
Clinton Foundation Donors Buttress Hillary’s Campaign
Tuesday’s launch of fundraising for Hillary Clinton’s presidential bid shows the overlap between her political effort and her family’s charitable work, with numerous events hosted by or featuring big Clinton Foundation donors, according to the Associated Press.
St. Louis Cardinals Sue Charity for Sale of Discount Tickets
The baseball team contends a youth sports organization breached a contract by scalping thousands of game tickets the group received from the Cardinals at discounted prices, the St. Louis Post-Dispatch reports.
Building Sale to Shutter Biblical-Art Museum in N.Y.
The Museum of Biblical Art is closing its doors due to what officials characterized as insurmountable financial difficulties arising from the sale of its Manhattan home, reports The New York Times.
How Proposed Accounting Rules Would Affect Nonprofits and Donors
New reporting requirements would aid understanding of charity finances, with minimal hardship for organizations to adopt.
By Brian Mittendorf
Contributor
Bill to Promote Social-Impact Bonds Has Support in High Places
The legislation would appropriate $300 million for state and local pay-for-success contracts.
By NICOLE WALLACE
Features Editor
Opinion: Nepal Was an Aid Disaster Waiting to Happen
Aid organizations have long feared that an earthquake in Nepal’s Kathmandu Valley would trigger a humanitarian catastrophe, but their response has been hamstrung by a confluence of crises and a significant fundraising gap, according to a Washington Post opinion piece.
Clinton Foundation CEO Admits Errors in Donor Reporting
Acting CEO Maura Pally wrote in a blog post Sunday that the global charity “made mistakes” in how it disclosed gifts from governments but that its policies on donor disclosure and gifts from abroad are “stronger than ever,” reports the Associated Press.
Nonprofit System Is “Chronically Brittle,” Survey Results Suggest
An annual survey conducted by the Nonprofit Finance Fund found that more than half of organizations reported that they couldn’t adequately meet the needs of those seeking their services — the third straight year that the number has topped 50 percent in the survey.
By Drew Lindsay
Senior Editor, Special Projects
Accounting Board Eyes Major Changes in Nonprofit Bookkeeping
The Financial Accounting Standards Board, the federally designated private body that sets out practices for financial reporting, is proposing new principles for nonprofits that could significantly affect how they present their fiscal health, reports Accounting Today.
Harvard Taps Oil-Industry Veteran for Top Finance Post
Thomas Hollister, who served for seven years as operations and finance head for oil distributor Global Partners, will become chief financial officer at Harvard University, a locus of climate activists’ efforts to promote institutional divestment from fossil-fuel industries, Bloomberg reports.
Book Links Clinton Foundation Gifts to Russian Uranium Deal
The State Department under Hillary Clinton’s watch signed off on Russia’s acquisition of a major uranium producer whose leader donated more than $2 million to the Clinton Foundation, a tie disclosed in a new book on the Clinton family’s financial dealings, The New York Times and The Wall Street Journal report.
Clinton Groups to Refile Tax Returns to Fix Reporting Errors
The Clinton Foundation and a subsidiary charity will revise at least five recent tax returns to correct errors in the their reporting of contributions from governments, including under- or overreporting donations by millions of dollars, Reuters writes.
Calif. Hospital Chain Cuts 280 Jobs After Scotched Sale
Catholic health system Daughters of Charity is eliminating about 4 percent of its 7,000-strong work force following the collapse last month of its proposed acquisition by a for-profit hospital network, San Francisco Business Times writes.