Daily News Roundup: Trump Foundation Raised and Gave More When Under Scrutiny in 2016
Also, President Trump’s golf course reimbursed his charity more than $158,000, which it had used to settle a lawsuit against the club. In other news, an Indian tech billionaire has joined the Giving Pledge; the new Bible Museum, three blocks from the U.S. Capitol, has political ambitions; how Arabella Advisors helps donors achieve their objectives; and more.
Daily News Roundup: House Tax Bill’s Effect on Politicking and Affordable Housing
Also, the tax bill shows colleges’ diminishing clout among GOP lawmakers, and NPR interviews a college president on the proposed excise tax on endowments; In other articles, a lawyer sues a Christian nonprofit for not hiring him because he’s bisexual; the social scene at Mar-a-Lago has changed as divisive politics determines which nonprofits and others hold events there and which ones go elsewhere; and more news and opinion.
Daily Update: House Tax Bill Would Raise Borrowing Costs for Nonprofit Projects
In other news, the Robin Hood Foundation is creating donor-advised funds to capitalize on hedge-fund managers’ tax deadline; NPR’s chairman steps down amid harassment crisis; the Old Vic Theater in London apologized for not taking action after receiving 20 allegations of inappropriate behavior against Kevin Spacey; and more news about nonprofits.
Tax Legislation Advances as Nonprofits Send Message About Harm to Giving
Charity leaders see little to cheer about in a House bill that would gut several major incentives for charitable giving.
By Alex Daniels
Senior Editor, Foundations
Daily News Roundup: Koch Foundation Boosts Giving to Universities
The Charles Koch Foundation gave $77 million to colleges last year, which is 75 percent more than in 2015. In other news, the Vera Institute for Justice is pledging to match spending on legal aid for undocumented immigrants in several cities; the Gates Foundation and others form a $100 million fund to fight neglected diseases; the notion of cash grants for the poor gains momentum; and more articles about giving and about museums.
The House Tax Bill Could Be the End of Charities as We Know Them
The tax bill passed by the House of Representatives, which would allow wealthy anonymous donors to use tax-subsidized gifts to promote or oppose political candidates, would be devastating to the nonprofit world and to democracy.
By ROGER COLINVAUX
Contributor
Daily News Roundup: Elite Colleges Caught Up in Fight Over Tax Proposals
In other news, GOP tax proposals could cost charities billions; Bill Gates gives $50 million to Alzheimer’s research; the National Trust for Historic Preservation creates $25 million fund to preserve African-American historical sites; and other news and features on disaster relief, on museums, and more.
Nonprofits and the People They Serve Lose Big in Tax Overhaul Bills
The loss of incentives to give, coupled with changes in education and health care are bad enough. Add the politicizing of charities and the meddling in nonprofit affairs and it’s a disaster.
By MARK ROSENMAN
Contributor
Daily Update: Justice Dept. Considers Clinton Foundation Inquiry
Also, AIDS activists want designer Kenneth Cole to step down as amfAR board chair over his controversial deal with Harvey Weinstein; the University of Louisville may sue its own foundation over excessive spending; the veterans charity VietNow is being dissolved over “egregious fraud"; plus more news.
Daily News Roundup: Higher Education to Fight GOP Tax Proposal on Endowments
Also, more than 400 millionaires tell Congress not to raise their taxes; eight-figure contributions have gone to several orchestras; Charles Koch is making major gifts to foreign-policy programs at universities; a new study analyzes the attributes of the new philanthropist; and much more.
Senate’s Tax Bill Provisions Could Hurt Charities, Nonprofits Say
Many of the measures that disturb nonprofits about the House bill were included in a blueprint released Thursday. Adding to concerns: the House Ways and Means Committee voted to allow charities to engage in partisan politics. Plus see an update on the bill passed by the House Ways and Means Committee.
By Megan O’Neil
Contributor
Key House Panel Votes to Loosen Restrictions on Nonprofit Politicking
Adoption of the amendment, offered by the chairman of the House Ways and Means Committee, Kevin Brady, virtually ensures that the language will be in the House’s final version of the bill.
By Megan O’Neil
Contributor
Daily News Roundup: Universities Use Offshore Accounts to Hide Controversial Investments
Leaked documents from a Bermuda law firm reveal how U.S. institutions like Indiana University and Texas Christian University used “blocker corporations” to quietly invest millions of dollars in fossil fuels. In other news, nonprofits show glaring holes in preparedness for cyber-attacks, and a look at how the Republican tax cut plan would hamper the efforts of college major-gift fundraisers who work with athletic boosters.
Daily News Roundup: How the Rich Stash Charitable and Other Assets Offshore
In other news and features, a report on affluent people who leave their “wealth bubble” to help in other neighborhoods; the GOP proposes ending tax exemptions on private-activity bonds, which provide tax-free borrowing for large hospitals and universities; a troubled Massachusetts museum plans to sell Norman Rockwell paintings over the objections of the late artist’s sons; and much more.
Daily News Roundup: Fewer Colleges Would Be Taxed Under GOP Tax-Bill Amendment
The tax bill would also eliminate municipal bonds popular with hospitals and universities. In other news, a study shows that when business leaders serve on nonprofit boards, they have a greater appreciation for workplace diversity; Uber gives $5 million for sexual-assault prevention; and more about foundation leaders and about giving.
Daily News Roundup: Helping Charities Pays Off for Corporations
Other articles in a New York Times special section on giving includes a piece on how donors are using bitcoin and how to do research on giving. In other news and features, donor data was exposed in a Denver Art Museum hack, a former accountant at Arc in Hawaii has now been accused of stealing $7 million; environmental groups are trying to involve more minorities; and more news about endowments, Congress, and tax policy.