Blockchain Company Announces $100 Million Charitable Fund: Daily News Roundup
“Ripple for Good” will support education and financial-inclusion efforts. In other articles, the Securities and Exchange Commission has fined a Tennessee nonprofit $1.5 million for fraud; an opinion writer shares lessons learned from a petition by the New York Attorney General’s Office against the Trump Foundation, its directors, and officers; plus more about big gifts and grants, the arts, and people news.
Democrats Plan to Force a Vote on Disclosure Rules for Political Groups: Daily News Roundup
The goal is to repeal an administration rule that allows some groups that run political ads to avoid disclosing their donors. Plus, hospitals have smaller operating margins despite strong balance sheets; New York’s American Museum of Natural History has begun preconstruction work on its planned expansion despite a lawsuit against the project; and much more on nonprofits and the law, big gifts and grants, and opinion and ideas.
Next Time You Visit the Museum, You Might Get a Pitch to Vote
As nonprofits and companies unite to encourage voter turnout, an unexpected player is emerging: museums that are making electoral turnout part of their mission.
By Julian Wyllie
Contributor
Harvard Raises $9.6 Billion in Capital Campaign: Daily News Roundup
It surpassed its goal by more than $3 billion. Plus, Sloan Kettering is coming under fire for its deal to share cancer-patient data with a for-profit; a veterans charity raised $6.5 million in Florida but allegedly gave none to charity; a big donor’s Facebook post with photos of two black women has roiled the University of Mississippi; a tool used to measure nonprofit efficiency is inaccurate, a study finds; and much more on nonprofits and the law; big gifts and grants; and weekend reads.
Harvard Raises $9.6 Billion in Capital Campaign: Daily News Roundup
Plus, Mark Cuban will give $10 million to women’s causes after an investigation found a history of sexual misconduct among Dallas Mavericks staff; a nonprofit in Charleston, W.Va., says a New York group with a similar name has been aggressively raising money in the state; a think tank associated with George Mason University and supported by Koch family foundations is pretending not to be part of the university; and other articles about the Bezos gift and innovations and much more.
Nonprofit Advocacy Groups Must Report Names of Some Donors: Daily News Roundup
After the Supreme Court declined to intervene, a ruling last month still stands, which applies to donors who give more than $200 a year to independent political campaigns. In other articles, a candidate for governor of Massachusetts proposes to tax Harvard and other big colleges to raise a total of about $1 billion in revenue; executives of a Missouri group allegedly bribed public officials, according to court documents; and more about sexual misconduct at nonprofits and big gifts.
Donors in Fight With Ohio State U. Over Use of Gift: Daily News Roundup
Michael Moritz’s widow and son say the university is illegally using money from the endowment for “development fees.” In other articles, professors at St. Louis University claim a recent $50 million contribution gives the donor a say in hiring; the divestment movement to combat climate change has gained momentum; Marc Benioff says his purchase of Time magazine fits in with other impact investing; and more about nonprofits and government and arts and culture.
Heinz Family Foundation Awards 6 Individuals $1.5 Million for ‘Changing the World’
The six winners will get $250,000 each. The awards go to people who have made extraordinary and innovative attempts to solve social, global, and environmental challenges.
By Julian Wyllie
Contributor
Daily News Roundup: Food Banks in S. Carolina Already Low on Supplies
Groups in evacuation zones have closed, straining those that are still open. Plus, a University of Michigan regent rejected thousands of dollars in campaign contributions; an artist’s daughter sued the Corcoran Gallery of Art’s board for the return of her mother’s sculptures; a judge sided with an ex-employee of the Gates Foundation who said he had been misled about the scope of his job and then fired; and more about Jeff Bezos’s philanthropy, other big gifts, innovation, and sexual misconduct.
Daily News Roundup: Airbnb to Help People Displaced by Hurricane Florence Find Places to Stay
The company has activated its “response tool” so hosts can open their homes to people who have been evacuated and relief workers. Plus, St. John’s College has a philanthropy-centered plan to cut tuition; the president of Texas Tech talks about the loss of a $10 million gift; tech entrepreneurs are trying to make money while helping people do things like make down payments on new homes; and much more about big donors, philanthropy and government, and cultural groups.
Daliy News Roundup: China’s Richest Man to Retire and Focus on Giving
A former teacher, Alibaba’s Jack Ma is worth more than $40 billion and plans to spend time and money on education. Also, a board member of a prominent center at the University of Virginia has resigned a year after offering to finance a shoe-shopping spree for women on the staff; health charities were the biggest beneficiaries of the $3.7 billion British gave to charity in their wills last year; and much more news, plus articles on giving and arts and culture.
Daily News Roundup: Universities Get $80 Million and $30 Million Gifts
An $80 million gift to Western State Colorado University came from alumnus Paul Rady. Also, a $30 million donation to Michigan State will go toward constructing a building at the business school; a group of Catholic business leaders sent the Vatican a letter saying they were putting their tithe into an escrow account for now due to the sex-abuse scandals; two House Republicans are investigating three top U.S. environmental groups to see if they’ve acted as agents of foreign government; and much more.
Daily News Roundup: Levi’s CEO Urges Businesses to Take Action on Gun Violence
The company has created a fund to support nonprofit efforts and is doubling its match for employee gifts to anti-violence groups, among other efforts. Plus, read how the University of Michigan will use a $10 million gift to create a foreign-policy center on campus; and how Sylvia Acevedo went from a poor childhood to being a rocket scientist to leading the Girl Scouts; and how the IRS’s new guidance on easing deduction limits for some business owners will affect charitable giving; and more.
Daily News Roundup: U. of Louisville Faces Inquiry Into Big Payments to Former Officials
The university foundation spent almost $4 million in excessive pay to the ousted president and others. In other articles, a court case showed how a Missouri college improperly diverted funds from its endowment; a Pennsylvania inquiry into sex abuse among Catholic clergy may set a precedent; and much more about giving and nonprofit innovation.
Daily News Roundup: Trump Charity Says Attorney General Lawsuit Is Political
The attack is in response to a lawsuit accusing the organization and Trump family members of violating campaign-finance laws and self-dealing, among other things. In other articles, a look at why nurses at Dignity Health are opposing a merger with Catholic Health Initiatives; how a nonprofit that pays bail is changing lives in places like Tulsa, Okla., and St. Louis; Brad Pitt’s nonprofit faces a potential lawsuit stemming from alleged mold contamination and structural flaws; and much more.
How a Mich. Community Foundation Used Data About the Transfer of Wealth to Spark Giving
Barry County’s community fund had just $350,000 when it learned more than a decade ago it could tap at least $43 million for local causes. It’s well on its way to raising that much.
By Heather Joslyn
Contributor