Donors in Fight With Ohio State U. Over Use of Gift: Daily News Roundup
Michael Moritz’s widow and son say the university is illegally using money from the endowment for “development fees.” In other articles, professors at St. Louis University claim a recent $50 million contribution gives the donor a say in hiring; the divestment movement to combat climate change has gained momentum; Marc Benioff says his purchase of Time magazine fits in with other impact investing; and more about nonprofits and government and arts and culture.
Daily News Roundup: Controversial Nonprofit That Houses Migrant Kids Suing Houston
Also, a top physician at Sloan Kettering has resigned amid reports that he failed to disclose millions in payments from health-care companies in research articles; donations to storm relief in the Carolinas is coming from Michael Jordan, professional sports teams, universities, among other sources; and other articles on nonprofits on the law, big gifts, and much more.
Daily News Roundup: Food Banks in S. Carolina Already Low on Supplies
Groups in evacuation zones have closed, straining those that are still open. Plus, a University of Michigan regent rejected thousands of dollars in campaign contributions; an artist’s daughter sued the Corcoran Gallery of Art’s board for the return of her mother’s sculptures; a judge sided with an ex-employee of the Gates Foundation who said he had been misled about the scope of his job and then fired; and more about Jeff Bezos’s philanthropy, other big gifts, innovation, and sexual misconduct.
Daily News Roundup: Airbnb to Help People Displaced by Hurricane Florence Find Places to Stay
The company has activated its “response tool” so hosts can open their homes to people who have been evacuated and relief workers. Plus, St. John’s College has a philanthropy-centered plan to cut tuition; the president of Texas Tech talks about the loss of a $10 million gift; tech entrepreneurs are trying to make money while helping people do things like make down payments on new homes; and much more about big donors, philanthropy and government, and cultural groups.
Foundations Commit Nearly Half a Billion to Reduce Global Warming
The nine grant makers’ efforts will focus largely on preventing deforestation, restoring and managing croplands and rainforests, and recognizing the land rights of local and indigenous people.
By Alex Daniels
Contributor
Daily News Roundup: Amherst Gets Anonymous $50 Million Donation
Also, a $50 million gift to Saint Louis University has sparked controversy because under the agreement, the donor would have a say in who was hired to run a center for applied economic research; and the Gates Foundation has given $20.5 million to Johns Hopkins to study sexual-health issues for young people. Plus, a look at Jeff Bezos’s giving so far and what he might do in the future; and other articles about giving and nonprofits and the law and more.
Daliy News Roundup: China’s Richest Man to Retire and Focus on Giving
A former teacher, Alibaba’s Jack Ma is worth more than $40 billion and plans to spend time and money on education. Also, a board member of a prominent center at the University of Virginia has resigned a year after offering to finance a shoe-shopping spree for women on the staff; health charities were the biggest beneficiaries of the $3.7 billion British gave to charity in their wills last year; and much more news, plus articles on giving and arts and culture.
Daily News Roundup: Universities Get $80 Million and $30 Million Gifts
An $80 million gift to Western State Colorado University came from alumnus Paul Rady. Also, a $30 million donation to Michigan State will go toward constructing a building at the business school; a group of Catholic business leaders sent the Vatican a letter saying they were putting their tithe into an escrow account for now due to the sex-abuse scandals; two House Republicans are investigating three top U.S. environmental groups to see if they’ve acted as agents of foreign government; and much more.
Daily News Roundup: Levi’s CEO Urges Businesses to Take Action on Gun Violence
The company has created a fund to support nonprofit efforts and is doubling its match for employee gifts to anti-violence groups, among other efforts. Plus, read how the University of Michigan will use a $10 million gift to create a foreign-policy center on campus; and how Sylvia Acevedo went from a poor childhood to being a rocket scientist to leading the Girl Scouts; and how the IRS’s new guidance on easing deduction limits for some business owners will affect charitable giving; and more.
3 Donors Back Effort to Keep Generic Drug Prices Low
The $30 million in cash and loans will help support a nonprofit that aims to keep prices affordable for certain widely used drugs.
By Alex Daniels
Contributor
Young Americans Place High Degree of Trust in Nonprofits, Study Finds
They trust themselves and others like them the most, followed by nonprofits, social movements, local government, and the federal government. They trust companies the least.
By Ariella Phillips
Contributor
Daily News Roundup: U. of Louisville Faces Inquiry Into Big Payments to Former Officials
The university foundation spent almost $4 million in excessive pay to the ousted president and others. In other articles, a court case showed how a Missouri college improperly diverted funds from its endowment; a Pennsylvania inquiry into sex abuse among Catholic clergy may set a precedent; and much more about giving and nonprofit innovation.
When Gifts Soar, Charities Often Sock the Extra Money Away
When charities bring in more than they did the year before, they spend only about a quarter on services and sock away most of the rest.
By Alex Daniels
Contributor
Daily News Roundup: Trump Charity Says Attorney General Lawsuit Is Political
The attack is in response to a lawsuit accusing the organization and Trump family members of violating campaign-finance laws and self-dealing, among other things. In other articles, a look at why nurses at Dignity Health are opposing a merger with Catholic Health Initiatives; how a nonprofit that pays bail is changing lives in places like Tulsa, Okla., and St. Louis; Brad Pitt’s nonprofit faces a potential lawsuit stemming from alleged mold contamination and structural flaws; and much more.
She owns 10.3 million shares in SVMK, the parent company of SurveyMonkey, which she plans to give to her charitable foundation when company goes public. In other articles, the Trump administration will no longer support the U.N agency that assists Palestinian refugees; a $20 million gift to the University of Illinois will include $15 million for a football performance center; Facebook will turn a warehouse in Menlo Park, Calif., into a Community Hub to support nonprofits; plus much more.
Daily News Roundup: Gates Foundation Changes Approach to Public-School Education
It wants to create networks of schools that will solve problems with the help of experts and then share what works. In other articles, President Trump has privately urged evangelical leaders to help Republicans win in the midterm elections; a $50 million gift will go to research at St. Louis University; and more about nonprofits and sex abuse, nonprofit finances, and the arts.