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.
Most Rich People Give While Alive, but Less Often in Bequests
A new study by the Urban Institute also found that the gifts made in wills are greater than those made toward the end of life.
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.
Analyzing Bezos’s $2 Billion Tweet, Line by Line
Jeff Bezos’s pledge has the philanthropy world buzzing, but it’s short on specifics. We parse his announcement for whatever clues it may provide.
Daily News Roundup: Controversial Nonprofit That Houses Migrant Kids Suing Houston
Also, a top physician at Sloan Kettering has resigned amid reports that he failed to disclose millions in payments from health-care companies in research articles; donations to storm relief in the Carolinas is coming from Michael Jordan, professional sports teams, universities, among other sources; and other articles on nonprofits on the law, big gifts, and much more.
Gifts Roundup: Amherst and St. John’s College Receive $50 Million Apiece
Also, Vanderbilt University received $25 million to support scholarships for veterans, and the New York Public Library got $12 million for a permanent exhibit on its research collections.
How to Give Donors Hands-On Experiences That Inspire Loyalty
Start small, consider how an experience will make a wealthy donor feel, and make it personal, say experts.
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.
The Bezos Commitment: How Nonprofits and Others See It
Here’s what a few people had to say about Amazon chief Jeff Bezos’s $2 billion philanthropic commitment announced on Thursday.
Bezos Announces $2 Billion for Homeless, Low-Income Families, and Preschools
The pledge fulfills the promise he made last year that he would give money to charities that help people facing the most desperate, immediate need.
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.
Big organizations with household names did well, but people who gave the most tended to select groups with revenue under $50 million.
Daily News Roundup: Amherst Gets Anonymous $50 Million Donation
Also, a $50 million gift to Saint Louis University has sparked controversy because under the agreement, the donor would have a say in who was hired to run a center for applied economic research; and the Gates Foundation has given $20.5 million to Johns Hopkins to study sexual-health issues for young people. Plus, a look at Jeff Bezos’s giving so far and what he might do in the future; and other articles about giving and nonprofits and the law and more.