Daily Update: Harvey Weinstein Linked to Criminal Inquiry Into AIDS Charity Fundraiser
Prosecutors are examining transactions and contracts between New York-based charity amfAR, Mr. Weinstein, and the American Repertory Theater, sources told The New York Times. In other news, questions about a drug’s effectiveness leads an Alzheimer’s nonprofit to sever ties with Avanir Pharmaceuticals, and Apple executive Phil Schiller gives $35 million to help build a new science institute at Boston College.
Daily Update: Gates, Jobs, and Chan Rated ‘Most Powerful Women’ in Philanthropy
In other news, nonprofits find themselves at the center of an FBI investigation involving NCAA basketball, a youth center is involved in a Medicaid fraud scheme, and an Arkansas senator ends a company’s contract with a nonprofit drug-rehabilitation program after labor complaints.
Giving, Politicking, Endowments, and CEO Pay All Could Be Affected by Tax Measure
Sweeping changes would alter the incentives for giving, change rules on politicking and endowments, and levy new taxes on any nonprofit leader who makes $1 million or more.
By Alex Daniels and Megan O’Neil
Daily News Roundup: Obama Seeks to Help Young Leaders Organize
In a speech at his first leadership summit, the president said he wanted to give grass-roots organizers the tools they need to work for a cause. In other news, the University of Chicago’s economics department got a $125 million gift; donors withdraw contributions from a W.Va. Big Brothers Big Sisters over staff training on LGBT issues; and Oxfam has dismissed 22 employees over allegations of sexual abuse in the past year.
Daily News Roundup: Jeff Bezos Philanthropy Still a Wild Card
In other news, the new focus of the Koch brothers’ push for public funding of private and charter schools is on Hispanics; the head of the Broad Foundation talks about her vision for the grant maker; the billionaire founder of Chobani yogurt says philanthropy is embedded in his company; and much more.
Daily News Roundup: Houston Charities Still Waiting on $76 Million in Disaster Relief Pledges
Two months after Hurricane Harvey made landfall, the nonprofits are still waiting for companies, foundations, and individuals to make good on their promises. In other news, celebrity chef José Andrés promises a long-term focus on feeding victims of natural disasters, and nonprofits are hit unevenly by federal efforts to roll back the Affordable Care Act.
Charities Are Divided Over Efforts to Kill the Estate Tax
Colleges, hospitals, and foundations would probably suffer the most if wealthy people no longer had an incentive to give to avoid levies on their heirs.
By Alex Daniels
Contributor
Tax Bill Likely to Soften Rule Barring Politicking by Nonprofits
Some opponents of the shift say that many Republicans quietly oppose the change but are reluctant to come out publicly against it.
By Megan O’Neil
Contributor
Racism Is Not the Cause of Racial Disparities, Philanthropy Roundtable Speaker Says
A Wall Street Journal columnist attacked the NAACP and Black Lives Matter, while other speakers offered ideas on the role of philanthropy in a democracy and how donors could help curb the opioid crisis.
By Timothy Sandoval
Contributor
Independent Sector Aims to Create the ‘SXSW for the Social Sector’
The coalition of 600 charities and foundations wants to gather local nonprofit leaders in person and virtually to devise solutions to real-world problems.
By Megan O’Neil
Contributor
Daily News Roundup: $2.4 Trillion Wealth Transfer Expected
A new report predicts that aging billionaires will pass a record amount of money to their children and charities. In other news. the Justice Department settles with Tea Party nonprofits that claimed the IRS treated them unfairly; J.J. Watt has announced what he plans to do with the $37 million he raised for hurricane relief; U. Of Illinois at Urbana-Champaign gets $150 million; and more news and features.
Daily News Roundup: New NAACP Strategy Puts Spotlight on Discrimination
The group issued a warning Tuesday that African-Americans could face discrimination if they fly on American Airlines. In other news, the $1 billion that Congress approved a year ago to fight the opioid crisis is finally making its way to the people who need it, but with mixed results; the Chan Zuckerberg Initiative’s efforts so far appear focused on fixing problems by changing laws; financier David Rubenstein is stepping down from the Carlyle Group to concentrate on his philanthropy; and more.
Daily News Roundup: Gates Foundation Seeks Comment on School Spending
The grant maker wants to hear from organizations that have improved education through school “networks” before it seeks proposals for its $1 billion-plus commitment. In other news, the philanthropic Sackler family’s fortune was built on a pharmaceutical company that some blame for the opioid crisis; one nonprofit sees drone technology as the future for education and jobs in coal country; and other news and features on grant seeking, gifts, museums, and more.
Daily News Roundup: NAACP Hires New Leader and Will Change IRS Status
Interim president Derrick Johnson will take the permanent role, as the organization shifts to become a social-welfare group to improve its ability to lobby. In other articles, today’s megadonors have eclipsed the Gilded Age philanthropists; the story of the #MeToo Movement leader who sought to give sexual-abuse victims a voice; what the wave of recent disasters means for charities; and much more.
Daily News Roundup: Gates Foundation to Invest $1.7 Billion in New Education Focus
The grant maker wants to shift its sights to building more collaborative school networks. In other news, Harvey Weinstein and Kenneth Cole have been accused of covering up a suspicious deal involving a nonprofit group; a charity once led by Roy Moore did not report to the IRS that it guaranteed $498,000 in back pay to him; the Heritage Foundation is considering a White House aide to be its next leader; and why a children’s charity is holding its “dream gala” at Mar-a-Lago.
Daily News Roundup: Mexican Billionaire to Give $110 Million to Earthquake Relief
In other news, a D.C. chef has served more meals in post-hurricane Puerto Rico than the Red Cross; an NPR investigation disputes the claim that a Trump-associated golf course has given $5 million to charity; a N.C. congressman is pushing to allow all taxpayers to claim a charitable deduction; a city on the outskirts of Silicon Valley is experimenting with a philanthropy-based basic income; and Philadelphia Eagles player Chris Long is pledging his full 2017 salary to charity.