Daily News Roundup: Index Fund Investing Gives Small Wisc. College an Edge Over Endowment Rivals
An 11 percent investment return for Carthage College’s $120 million endowment last year bested the 7.4 percent median for other schools, according to a study. Also, rock band Pearl Jam to dedicate $12 million in sold-out shows to Seattle’s huge homelessness problem; campaign aims to promote safe gun storage to prevent accidental child deaths; new foundation will magnify legacy of woman killed in Charlottesville protest, and more.
Daily News Roundup: Judge Invalidates Ruling on Anonymous Gifts to ‘Dark-Money’ Groups
The Federal Election Commission’s regulation “blatantly undercuts the congressional goal of fully disclosing the sources of money flowing into federal political campaigns,” the judge wrote. In other articles, LeBron James’s funding of a public school is a departure from most suuch celebrity gifts, which usually go to charters; and local aid workers make less than their international counterparts, even though their jobs can be riskier. Plus, more news about taxes, sexual harassment, and the arts.
Daily News Roundup: U. of Michigan Donor’s Family Reaps Benefits From University Investments
An alumnus helped support a trip to Paris for the football team after the university had invested $100 million in his son’s private-equity funds. In other articles, an assistant to a pastor of an iconic evangelical church outside Chicago says he sexually harassed her; a religious group is facing protests and lawsuits over its work with migrants and foster children; and much more.
Catch Up on New and Classic Fundraising Books
Browse our list of good reads recommended by our staff and your peers.
By Margie Fleming Glennon
Chief Content Officer
Gifts Roundup: UCLA Lands 2 Big Donations Totaling $27.4 Million
Also, the Norton Museum of Art received $20 million, and $15 million will go to the University of Alabama’s business college.
By Maria Di Mento
Senior Editor
Daily News Roundup: DAF Loophole Lets Billionaires Slash Taxes
People who give to donor-advised funds are rewarded for good intensions, but critics see opportunities for abuse. Another article on DAFs says cryptocurrency may account for a surge in assets at the Silicon Valley Community Foundation. Plus, read about a shelter worker who has been charged with molesting eight migrant children; a hedge-fund billionaire who is spending big on veterans but drawing criticism; and other articles on big gifts, corporate philanthropy, and more.
Daily News Roundup: Nonprofits Hope Rebooted Silicon Valley Fund Will Focus on Local Needs
As the Silicon Valley Community Foundation searches for new leaders after a harassment scandal, nonprofits urge a local focus on poverty, health, transportation, and the environment. In other articles, Ted Cruz has introduced a bill to repeal part of the GOP tax plan that affected nonprofits; an opera director steps down amid harassment allegations; and more articles about social innovation, fundraising, giving, and the arts.
Daily News Roundup: Amid Rumors of Sex Abuse, Cardinal McCarrick Was Prolific Fundraiser
He raised millions to relieve poverty and support immigration. In other articles, a Chicago shelter accused of mistreating migrant children, said an internal investigation found no such evidence; Clinton group deal has slashed the price of an HIV test considered the gold standard, giving aid groups hope; a school district in the Houston area has accepted donations of guns, ammunition, and weapons for its security staff; plus more news and features.
Daily News Roundup: Trump Administration May Bypass Congress to Grant Big Tax Cut for the Rich
The Treasury Department is looking into whether to use regulatory powers to let taxpayers adjust the initial value of an asset based on inflation. In other articles, a charity with a troubling track record has become the largest provider of foster homes for unaccompanied minors; a report by the British parliament says the aid sector is guilty of “complacency verging on complicity” in the sex-abuse scandal; and much more about where tech titans are giving, other big philanthropy, and news.
21 Books to Help You Climb the Career Ladder
Recommended reading for those who are looking to advance in the field.
By Heather Joslyn
Contributor
In Search of the Secret to Happiness
Chinese billionaires Chrissy Luo and Tianqiao Chen focus their giving on the study of the brain, perception, and learning.
By Maria Di Mento
Senior Editor
The Tech Philanthropists Who Love Art
With new arrivals from Silicon Valley threatening San Francisco’s culture, Andy and Deborah Rappaport mount a rescue with the Minnesota Street Project.
By Drew Lindsay
Senior Editor, Special Projects
Daily News Roundup: Catholic Cardinal Resigns Amid Sex-Abuse Allegations
Pope Francis has effectively taken away Theodore McCarrick’s title even before church officials have investigated the accusations. In other articles, Cleveland Orchestra concertmaster William Preucil has been suspended amid sexual-misconduct allegations; last year’s tax-cut law included an act that allows rich investors and businesses to erase their tax obligations by pouring big sums into poor communities; plus other articles on donor-advised funds, conductor salaries, and much more.
Gifts Roundup: Daytona Beach Park Raises $15 Million; U. of Houston Gets $3 Million
Also, an anonymous donor has given $15 million to the Rose-Hulman Institute of Technology, and the Buck Institute receives $6 million to develop ways to preserve ovarian health and extend female fertility as women age.
By M.J. Prest
Senior Editor, Solutions
Daily News Roundup: Sexual Harassment Is Rife Among Classical Musicians
More than 50 artists share their ordeals with harassment and assault at all levels of the profession — occurring in dressing rooms, during one-on-one lessons, and even in the wings during performances. In other articles, Catholic hospitals are shaping health care in rural America; an HIV program Trump aims to cut wins high praise from researchers and health officials; and more articles about giving and other news.
Daily News Roundup: Silicon Valley Nonprofits Are Having to Learn New Ways to Attract Local Donors
Charities are finding ways to be “incubators” and “disrupters,” not just provide services, to get the attention of the millionaires and billionaires in the tech industry. In other articles, some of the big stories about EPA chief Scott Pruit’s alleged misconduct came to light because of a Freedom of Information Act request from the Sierra Club; more corporate CEOs are taking stands on social issues; and other articles about the IRS’s donor-disclosure decision and about big giving.