Michael Bloomberg Commits $1.8 Billion to Johns Hopkins: Updated News Roundup
Updated: The record-breaking gift will go to the Johns Hopkins University for financial aid so any student, regardless of family income, can attend the institution. Plus: AbbVie will give $55 million to groups that help low-income students succeed in school. Plus, the IRS says gift and estate tax limits will be higher in 2019; three people are under arrest for a GoFundMe campaign based on a fabricated story, which raised $400,000; a company launched by Bono’s daughter has created a tool to make donating and social activism simpler; Tennessee’s education commissioner will become head of a national education charity; and more news and articles.
$200 Million Gift Goes to Mayo Clinic for Medical Education: Daily News Roundup
Among other things, the money will fund scholarships and educational programs for artificial intelligence and other new technologies. Plus, after San Francisco voters passed a new tax on big businesses to fight homelessness, Airbnb is giving $5 million to the cause; the CEO of Citadel is giving $10 million to open Success Academy middle schools in Brooklyn and Queens; Forbes magazine releases a list of 30 social entrepreneurs under age 30. See read more on ideas, opinion, and innovation.
Wealthy Donors of Color Largely Ignored by Philanthropy, Study Says
White donors still have the most money to give largely because of inheritances, but that is changing as the nation becomes increasingly diverse and as minorities become more upwardly mobile.
By Julian Wyllie
Contributor
Money From Sale of Seattle Seahawks Will Go to Paul Allen Foundation: Daily News Roundup
No sale is imminent, but a report says that potential buyers are preparing to bid on the team and the sale “could set a record.” In other articles, the Chan Zuckerberg Initiative has given $200 million to the Silicon Valley Community Foundation; contributions to the Clinton Foundation have dropped for the third year in a row; the Washington Post looks at how the Southern Poverty Law Center defines hate; and more news and articles about big donors and gifts as well as ideas and innovation.
Girl Scouts Sue Boy Scouts Over Name Change: Daily News Roundup
A trademark lawsuit says that changing the name just to “Scouts” would marginalize the female organization. In other articles, the head of the American Cancer Society has resigned, in part over concerns about commercial partnerships; philanthropist J.B. Pritzker won the race to be Illinois governor; voters approved a tax to benefit the homeless in San Francisco despite opposition by many billionaires; a billionaire’s estate will award prizes for research in brain diseases; and more.
Gates Foundation Spends $200M on Futuristic Toilet: Daily News Roundup
Poor sanitation kills half a million young children a year and costs $200 billion in health care and lost wages. Plus, emails suggest interior secretary Ryan Zinke continued to be involved in discussions of his family foundation’s property despite his pledge to recuse himself; billionaires are using their influence and donations to back candidates in favor of expanding charter schools; donors support University of Maryland president in controversy over football player’s death, and more.
A strongly worded letter condemned the group for its efforts in the wake of football player Jordan McNair’s death. In other articles, new requirements for distributing federal funds to states for programs that help the poor has left a food pantry in Ohio struggling to keep up with demand; a Chicago psychiatric hospital is being investigated over reports that allege sexual abuse of children; and more articles about big gifts and grants and innovation.
Gates Foundation Is Holding Off On Work With Saudi Crown Prince’s Nonprofit: Daily News Roundup
It’s rethinking its work with the group in the wake of journalist Jamal Khashoggi’s murder. In other articles, Mark Zuckerberg saves $128 Million in Facebook holdings through regularly planned sale of stock to the Chan Zuckerberg Initiative; National Geographic takes a look at how the Wyss Foundation’s $1 billion pledge to environmental causes may be used; almost $1 million was stolen from Jewish a charity in Fort Worth, Tex.; plus more news and articles about innovation and arts groups.
Philanthropist Plans to Give $1 Billion for Conservation: Daily News Roundup
Hansjörg Wyss explains his decision in a New York Times opinion piece. In other articles, Google.org is giving $25 million to humanitarian projects that use artificial intelligence; UCLA got $25 million for Parkinson’s disease research; the Ford Foundation CEO discusses how the #MeToo movement strengthened his resolve to work toward a more just world; what’s wrong with philanthropists’ efforts to fix education; and more opinion pieces and articles on innovation and cultural groups.
6 Things Data Tells Us About Giving Tuesday
Large charities collect the most money on the annual giving day, though smaller organizations are claiming a bigger slice of the pie.
By Timothy Sandoval
Contributor
Russian Operative Looked at U.S. Nonprofits’ Cyberdefenses in Graduate School: Daily News Roundup
As a student at American University, Maria Butina gathered information on media-freedom and human-rights groups. In other articles, people who live in politically divided counties give less to charity; Fifth Third Bancorp commits $2 billion more to greater Chicago; tech billionaires continue their fight over raising taxes to help the homeless; Rajiv Shah talks about the Rockefeller Foundation’s new areas of focus and strategies. Plus, more news and articles on innovation.
Tips for Forging Partnerships With National Companies
Learn from Comic Relief U.S.A. how to collaborate with big-name corporations as it did for its Red Nose Day campaign, which raises money for children living in poverty.
By Timothy Sandoval
Contributor
Live Online Videos Have Raised $80 Million Through One Company in 2018
Some experts predict live video fundraising online will grow in the coming years, even if it’s only a small slice of giving today.
By Timothy Sandoval
Contributor
Explosive Device Found Near George Soros’s Home: Daily News Roundup
No one was hurt; the motive was unclear. In other articles, the wife of the former president of the University of Oregon denies a new book’s claim that Phil Knight threatened to withhold funds from the university because of a dispute over workers’ rights; a $120 million gift from a Canadian company will create a foundation to support youths; and Ryan Murphy gives $10 million to a hospital that treated his then-2-year-old son for cancer. Plus, more about ideas and innovation and cultural groups.
Charities Again Holding Galas at Trump’s Mar-a-Lago: Daily News Roundup
A few charities that stopped holding galas at the Florida resort last year due to the president’s controversial comments are planning events there this winter. Plus, legal experts say the Heritage Foundation’s efforts to train and influence law clerks raises ethical issues; two New York museums say they will not use Saudi money for programs on Middle Eastern art; Chinese-Americans are gaining prominence as U.S. donors; and more news and articles on giving, ideas and innovation, and obituaries.
Elaborate Scam Aimed at Women’s March: Daily News Roundup
The fake events posted on Facebook to exploit people’s interest in politics and protests originated in Bangladesh. In other articles, Opportunity Zones give the rich a way to get tax breaks for spending money in low-income areas; new data show how orchestras are segregated by gender; three George O’Keeffe paintings deaccessioned by the Georgia O’Keeffe Museum in Santa Fe, N.M., could fetch $30 million at auction; and more about big donors and ideas and innovation.