Bipartisan Bill Would Expand Charitable Deduction to All Taxpayers
Charities are expected to push hard in favor of the bill. Unlike previous similar efforts, the new legislation wouldn’t cap the amount taxpayers could deduct.
By Megan O’Neil
Contributor
Daily News Roundup: Soros Foundations Leaves Hungary Under Pressure
In other articles, hedge-fund managers contribute millions of dollars to the Robin Hood Foundation, which backs groups that picket hedge funds; a finance writer questions the ethics of the philanthropy of Jeff Bezos, Bill Gates, and Mark Zuckerberg; and Seattle tries to help the homeless by taxing companies like Amazon. Plus, see articles about arts and culture as well as other news and features.
Daily News Roundup: Noted Aid Worker Charged With Child Rape
The Canadian humanitarian worker, working in Nepal, is accused of raping at least two boys, ages 12 and 14. In other articles, the Boy Scouts is lobbying against proposals in some states that could expose it to more child-abuse lawsuits; Silicon Valley CEO Emmett Carson is reportedly negotiating his departure; Harvard’s former head of real estate made nearly $24 million; plus news and opinion about the Kochs’ philanthropy and more news.
Foundations Move $737 Million to Donor-Advised Funds, Chronicle Study Shows
There is almost no information available about where that money eventually ends up, and critics say it may be a tactic used by some grant makers to avoid foundation payout requirements.
By Peter Olsen-Phillips
Contributor
Donors Pool $40 Million to Light a Fire Under Pay-for-Success Programs
Steve and Connie Ballmer put up $20 million, Prudential Financial added $10 million, and the Kresge Foundation put up to $10 million to shield investors from losses.
By Alex Daniels
Contributor
Daily News Roundup: Food for the Poor’s Charity Status Under Attack
The California attorney general says the charity inflates the value of donated pharmaceuticals in its tax filings. In other articles, tables for a lavish Clinton Foundation gala are going for as much as $100,000; Democrats are giving nearly $9,000 in contributions from former N.Y. Attorney General Eric Schneiderman to a domestic-violence charity; an app has helped deliver a million pounds of food to the hungry in Atlanta; and more about giving and the arts and harassment.
International Nonprofits Best Suited to Address Global Refugee Crisis, Study Finds
A study of the public’s opinions on humanitarian issues also found that three-fourths of American respondents wanted to know how their charitable dollars to aid groups were being spent and two-thirds researched nonprofit groups before they gave.
By Ariella Phillips
Contributor
Daily News Roundup: Slate’s New List of the Biggest Charities
The online magazine found the 10 largest nonprofits by revenue for nine nonprofit sectors. In other articles, philanthropy in China is growing; an expert in public health and social services suggests how Jeff Bezos should spend $131 billion; a trend toward authenticity in history museums is changing black tourism; the Humane Society and Big Isle Residents are trying to rescue pets in Hawaii; and more news.
Daily News Roundup: New $3.2 Billion Health Foundation Will Focus on N.Y. State
The Catholic Church created the charity from the sale of its nonprofit health plan, Fidelis Care. In other articles, the Mormon Church has cut all ties with the Boy Scouts; increasingly the top jobs at museums are held by people other than wealthy white men; the Baltimore Symphony Orchestra’s after-school music program has ballooned in size and achieved success; and much more about giving and the arts and other news.
Companies Say Tax Cut Will Boost Their Giving, but Some Experts Are Skeptical
Best Buy, U.S. Bancorp, and Altria are among the corporations touting millions of dollars in higher donations in 2018, but the new law may have the reverse effect in future years.
By Alex Daniels
Contributor
Daily News Roundup: Eyeglasses Could Improve a Billion Lives
Poor eyesight can be devastating, but it is often overlooked as a public health issue. In other articles, Stephen Schwarzman’s gifts often spark controversy, but that doesn’t stop him; comments by a prominent Baptist church leader are seen as demeaning to women; the head of a U.N. sexual-harassment committee was promoted while the subject of a sexual-harassment inquiry; the Kennedy Center honor for Bill Cosby has been rescinded; and more news and opinions.
Foundations Push Census Turnout in Worrisome Times
Grant makers are concerned that a new citizenship question, combined with growing anti-immigrant sentiment, could suppress response to the 2020 population count.
By Alex Daniels
Contributor
Private Foundations Are Increasingly Critical to Metro Governance, New Book Argues
Authors Bruce Katz and Jeremy Nowak say power has devolved from Washington to public-private coalitions emerging in metro areas nationwide, with foundations taking on a starring role.
By Drew Lindsay
Senior Editor, Special Projects
IRS Awarded 501(c)3 Status to Nearly 80,000 Nonprofits Last Year
The number of organizations granted tax-exempt status grew for the fourth year in a row in 2017, according to Internal Revenue Service data.
By Ariella Phillips
Contributor
Daily News Roundup: Planned Parenthood Sues to Block Change In Family-Planning Program
Three groups are suing the Trump administration over “radical” changes to a family-planning program. In other articles, Boy Scouts is changing the name of its flagship program to Scouts BSA now that girls are joining; a Kenyan health group that rejected the Trump administration’s abortion policy lost $2 million in aid; a Missouri committee investigating Gov. Greitens says he lied to the state ethics commission about a donor list; and more news and Bill Gates and the Koch Industries.
Daily News Roundup: Koch Gifts Bought Influence and Prompted Query
A gift agreement allowed the Charles Koch Foundation to have a say in hiring and firing of professors at George Mason University. In other articles, the problems at the Silicon Valley Community Foundation appear to run deep; Mark Zuckerberg donates $14 million to Chicago schools; the Obama Foundation has announced plans to open a public library branch at his presidential center; and much more, including how to increase endowments and Jeff Bezos’s philanthropy.