Daily News Roundup: Banks and Universities Often Have Lucrative Partnerships
Banks have contracts across the country that essentially make universities their sales representatives. In other articles, employee theft at nonprofits is commonplace; the #MeToo movement has reached evangelical nonprofits; the NCAA president was notified about sexual-assault reports years ago; Cecile Richards discusses her post-Planned Parenthood plans; an opinion column makes the case for foundations to spend down their assets and close; and much more.
Trust in Charities and Other Institutions Has Declined, Says a Report
The Edelman Trust Barometer, an annual study looking into how public trust has changed across the world, blames a “lack of objective facts and rational discourse.”
By Ariella Phillips
Contributor
Daily News Roundup: Treasury Dept. Skeptical of States’ Efforts to Evade New Cap on Tax Deductions
In other articles, Jeff Bezos’s first big donation sends an important message; scientists are angry over a climate-change denier’s role on the board; Trump’s billionaire donors give more to groups that deny climate change; 17 universities oppose an anti-smoking group with tobacco ties; why groups that inundate people’s inboxes bring in more money; and much more including articles about giving, museums, international news, and sexual harassment at nonprofits.
Podcast: Land Ownership Is Key to Addressing Poverty, Especially for Women, Charity Leader Says
This week’s Business of Giving features Chris Jochnick, President and CEO of Landesa, to discuss the ripple effects of helping farmers secure title to their own plots.
Daily News Roundup: Sexual Harassment at the Red Cross
A Red Cross official was forced to resign over accusations of sexual harassment and rape, then landed a job at Save the Children. In other news, Michigan State’s president is stepping down due to fallout over faculty member Larry Nassar’s sex-abuse conviction; an all-male charity event is shutting down after an investigation found attendees sexually harassed women hostesses; endowment returns rebound, but the long-term outlook is cloudy; Cecile Richards is leaving Planned Parenthood; and more.
4 Important Things in the New Tax Law You May Have Missed
These provisions didn’t make headlines, but they could have a big impact on charities.
By Megan O’Neil
Contributor
Federal Court Says GuideStar Was Within Legal Bounds to Add ‘Hate Group’ Labels
The charity-information site won a major victory Tuesday after the conservative Liberty Counsel accused it of defamation.
By Timothy Sandoval
Contributor
In other articles, a report gives more details about sexual-harassment allegations against Garrison Keillor, and Mr. Keillor responds; Ecolab makes a $25 million foundation gift; the Mayo Clinic gets $20 million for a building that’s under construction; Colin Kaepernick and Snoop Dogg give $35,000 to fight police brutality; and much more.
Daily News Roundup: Conn. Theater Leader Accused of Sexual Misconduct
in other articles, the University of Texas is the richest public university in the country, but very little of its endowment goes to financial aid; a Silicon Valley program to educate the world’s poorest children has become a lightning rod over its teaching methods and more; President Trump has pursued two-thirds of the policies recommended by the conservative Heritage Foundation; and much more.
Financial Stress a Constant for Social-Service Groups, Says New Report
One in eight is technically insolvent at a time when services are needed more than ever due to an aging population, government cutbacks, and the opioid crisis, among other factors.
By NICOLE WALLACE
Features Editor
Daily News Roundup: 42 Richest People Worth as Much as 3.7 Billion Poorest
Oxfam published a report on the inequality gap to coincide with the first day of meetings of the World Economic Forum in. In other news, a new project has raised $30 million to provide bail money to people who can’t afford it; a nonprofit is helping provide advance grants for military death benefits during the government shutdown; a nonprofit links immigrants with lenders to start businesses; Apple is working with the Malala Fund to fight for girls’ education; and much more.
Daily News Roundup: Tax Law Will Hurt Affordable Housing
In other articles, an opinion piece says that nonprofits are a “shadow safety net” for problems the government should be taking care of; a Trump appointee to the Corporation for National and Community Services resigned after a report that he made racist, sexist, anti-Muslim, and anti-LGBT comments on the radio; it’s still unclear how much of the surplus money raised for President Trump’s inauguration went to charity; and much more.
Daily News Roundup: Endowment Tax May Hit Small Colleges Harder
In other news, Oregon State gets a $50 million pledge for veterinary medicine; nonprofits anxiously await the new Facebook news feed, fearing it will decrease their reach; Stephen Curry and Kevin Durant have given to Colin Kaepernick’s effort to raise money to help troubled communities; Jeff Bezos’s $33 million gift set him apart from her peers; and more.
What Nonprofits Do — Good and Bad — When a Shutdown Looms
Some find emergency funding, figure out what programs will be affected, and keep the staff informed. Others wait and worry.
By Ariella Phillips
Contributor
Calif. Foundations Move $40 Million Fast to Counter Trump on Immigration
A group of grant makers is doing rapid assessments of nonprofits’ needs and pushing cash out the door fast, sometimes within days, and is asking others nationwide to get on board.
By Alex Daniels
Contributor
Daily News Roundup: $75 Million Gift Will Double Philosophy Dept. at Johns Hopkins
The donation comes from alumnus Bill Miller, who beat the S&P 500 for 15 years in a row. In other articles, a top financial investor is telling companies they need to do good in society to get the support of BlackRock; actor Timothée Chalamet is donating his salary from a Woody Allen film to charity; a food-stamp program is making produce more affordable; and more.