Tax Legislation Advances as Nonprofits Send Message About Harm to Giving
Charity leaders see little to cheer about in a House bill that would gut several major incentives for charitable giving.
By Alex Daniels
Senior Editor, Foundations
The health gift from Florence Irving, widow of the Sysco Corporation co-founder Herbert Irving, will go toward improving patient care and radiation therapy, creating new surgical practices, and developing new patient therapies.
By Maria Di Mento
Senior Editor
Daily News Roundup: Koch Foundation Boosts Giving to Universities
The Charles Koch Foundation gave $77 million to colleges last year, which is 75 percent more than in 2015. In other news, the Vera Institute for Justice is pledging to match spending on legal aid for undocumented immigrants in several cities; the Gates Foundation and others form a $100 million fund to fight neglected diseases; the notion of cash grants for the poor gains momentum; and more articles about giving and about museums.
Daily News Roundup: Elite Colleges Caught Up in Fight Over Tax Proposals
In other news, GOP tax proposals could cost charities billions; Bill Gates gives $50 million to Alzheimer’s research; the National Trust for Historic Preservation creates $25 million fund to preserve African-American historical sites; and other news and features on disaster relief, on museums, and more.
$500 Million From Superwealthy Will Promote Results-Driven Philanthropy
Bill and Melinda Gates, Jeff Skoll, and others want to upend social systems that trap people in poverty and poor health.
By Alex Daniels
Contributor
For Big Philanthropists, Advice From Family and Peers Is Still Key to Giving, Study Finds
Most big donors also don’t hire staff or advisers to guide their contributions, nor do many seek evaluations of the impact of their donations.
By Timothy Sandoval
Contributor
Daily Update: Justice Dept. Considers Clinton Foundation Inquiry
Also, AIDS activists want designer Kenneth Cole to step down as amfAR board chair over his controversial deal with Harvey Weinstein; the University of Louisville may sue its own foundation over excessive spending; the veterans charity VietNow is being dissolved over “egregious fraud"; plus more news.
Gifts Roundup: $2 Billion From Mark Zuckerberg and Priscilla Chan for Their Foundations
Other notable gifts include $25 million from David Mortara to the University of California at San Francisco School of Nursing to reduce “alarm fatigue” and $25 million to the University of Texas at Austin.
By Maria Di Mento
Senior Editor
Donors Say They Don’t Give More Because of Money Constraints and Lack of Nonprofit Transparency
Nearly two out of three charity supporters in a new survey by Fidelity Charitable Gift Fund say they would like to give more to nonprofits.
By Timothy Sandoval
Contributor
Daily News Roundup: Higher Education to Fight GOP Tax Proposal on Endowments
Also, more than 400 millionaires tell Congress not to raise their taxes; eight-figure contributions have gone to several orchestras; Charles Koch is making major gifts to foreign-policy programs at universities; a new study analyzes the attributes of the new philanthropist; and much more.
Lessons of a Charity’s $127 Million Success
Over 15 years, the North Texas Food Bank became one of the nation’s largest nonprofits. Here’s how.
By Drew Lindsay
Senior Editor, Special Projects
Zuckerberg and Chan Pour $2 Billion in Stock Into Charity Accounts
The latest move, which builds the coffers of the couple’s foundation and their donor-advised fund, brings their personal giving so far to more than $3.6 billion.
By Maria Di Mento
Senior Editor
Daily News Roundup: How the Rich Stash Charitable and Other Assets Offshore
In other news and features, a report on affluent people who leave their “wealth bubble” to help in other neighborhoods; the GOP proposes ending tax exemptions on private-activity bonds, which provide tax-free borrowing for large hospitals and universities; a troubled Massachusetts museum plans to sell Norman Rockwell paintings over the objections of the late artist’s sons; and much more.
Daily News Roundup: Fewer Colleges Would Be Taxed Under GOP Tax-Bill Amendment
The tax bill would also eliminate municipal bonds popular with hospitals and universities. In other news, a study shows that when business leaders serve on nonprofit boards, they have a greater appreciation for workplace diversity; Uber gives $5 million for sexual-assault prevention; and more about foundation leaders and about giving.
Gifts Roundup: U. of Chicago Lands $125 Million From Financier Ken Griffin
Other notable gifts include $7 million each for the Albany Symphony and the Wichita Community Foundation and $4.5 million from Charles Koch to create a drug-policy center at Ohio State University.
By Maria Di Mento
Senior Editor
Daily News Roundup: Helping Charities Pays Off for Corporations
Other articles in a New York Times special section on giving includes a piece on how donors are using bitcoin and how to do research on giving. In other news and features, donor data was exposed in a Denver Art Museum hack, a former accountant at Arc in Hawaii has now been accused of stealing $7 million; environmental groups are trying to involve more minorities; and more news about endowments, Congress, and tax policy.