Daily News Roundup: Spending of ‘Ice-Bucket Challenge’ Money Criticized
A group of patients says the money should be spent with more urgency. In other news, Stephen Schwarzman is giving $25 million to his public high school; Betsy DeVos is donating her $200,000 salary to education and special-needs charities; disgraced Oxfam official left an earlier job over sex-worker allegations; ‘On Point’ radio host Tom Ashbrook has been fired; and much more.
Daily News Roundup: Children’s Hospital Gets $60 Million
In other news, President Trump gave $100,000 of his salary for infrastructure projects; the Intel Foundation is donating $1 million to the International Rescue Committee to teach coding skills to refugees; charitable giving makes people more attractive to others, according to a study; the Oxfam scandal widens; the 50 best workplaces for charitable giving; and more.
$8.5 Billion Poured Into Fidelity Charitable Accounts in 2017
Donor-advised-fund holders granted $4.5 billion — the most ever — to 127,000 charities, with American Red Cross the most favored cause.
By HEATHER JOSLYN
Contributor
Daily News Roundup: How Trump’s Budget Would Affect Nonprofits and the Poor
Poor Americans would be hardest hit. Also, the plan’s food-stamp replacement; its elimination of NEA, public TV, and other cultural groups; and a bipartisan “no” to cutting aid money. In other news, an Oxfam deputy resigns over how sex claims were handled, and a whistle-blower says the charity ignored concerns; drugmakers supported groups that pushed opioid use; fact-checking Matt Damon’s clean-water promise in a Super Bowl ad; and more.
4% Growth in Giving Is a Possibility This Year — but Impossible to Say Because of Tax Law
If the economy stays strong, so will giving, but nobody knows how new levies will affect philanthropic donations, according to a new report.
By Heather Joslyn
Contributor
How Fundraisers Can Help Donors Cope With Wall Street’s Wild Ride
A healthy ‘correction’ or the start of the next economic downturn? While we wait to see what February’s stock-market volatility means, experts offer advice for quelling jitters.
By HEATHER JOSLYN
Contributor
8 in 10 Colleges Are Running Capital Drives — or About to Start One
Fundraisers who drive higher-education’s perpetual search for big gifts want more training, more emphasis on finding younger donors, and campaigns that last no more than five years, says a new report.
By HEATHER JOSLYN
Contributor
Big Gifts That Keep On Giving to Local Economies
Measuring the economic impact of giving is tricky, but if more donors were concerned about it, they’d probably give very differently than they do now, experts say.
By Ben Gose
Senior Editor
Daily News Roundup: Oxfam Admits Sexual Misconduct
Also, Oxfam is facing funding losses amid the growing crisis. Plus, two opinion pieces on Oxfam: Its obsession with public relations has hurt its mission; and its current troubles are no reason to cut foreign aid. In other news, Kenneth Cole is pushed out as amfAR chair over Weinstein controversy; Newman’s Own avoids major tax hit; and more news and leadership changes.
Gifts Roundup: Denzel Washington Gives $1 Million for Debate Program
Plus, Memorial Hermann Texas Medical Center gets $25 million, and Syracuse University lands $20 million.
By Maria Di Mento
Senior Editor
Daily News Roundup: Oxfam Staff Paid Haiti Earthquake Survivors for Sex
In other news, former employees of the Cato Institute describe years of sexual harassment; the pharmaceuticals industry used an anti-addiction ally in its opioid fight; only one charity that received money from a men-only fundraising dinner where hostesses were sexually harassed has made an effort to give back the money; plus more news, big gifts, and opinion and analysis articles.
Podcast: The Impact Millennials Will Have on Philanthropy
This week’s Business of Giving podcast features the authors of Generation Impact: How Next Gen Donors Are Revolutionizing Giving.
Helen Diller Foundation Gives UC-San Francisco Second $500 Million Pledge
The latest round of funding, which is for a new medical center, brings the grant maker’s total contributions to the university to more than $1.1 billion.
By Maria Di Mento
Senior Editor
Daily News Roundup: Giving Plummets at USC Amid Medical-School Scandal
Donations to the University of Southern California from July to December last year were $100 million less than during the same period in 2016. In other news, women make 21 percent less than men at Wellcome Trust, Britain’s largest charity, the group says; Houston billionaires gave a medical center $25 million; and more.
Daily News Roundup: Conn. May Try to Dodge Tax-Deduction Cap With Charitable Gifts
In other news, President Trump may soon nominate a tax lawyer to head the Internal Revenue Service; the new tax law would eliminate the deduction donors have been getting for prime seats at college games; Hollywood’s Time’s Up has raised $20 million; the Charles Koch Foundation has been giving millions to colleges to study criminal justice and foreign policy; and more.
6 Ways to Attract and Nurture Self-Made Donors
When seeking gifts from newly wealthy donors, educate them, encourage networking, start small, and pay attention to women and kids.
By Megan O’Neil
Contributor