Daily News Roundup: Facebook and Foundations Team for News Project

Facebook Backs $14 Million Effort to Boost News Literacy: The News Integrity Initiative, a collaboration with academic institutions and the Ford, Knight, and other foundations, will fund projects and research aimed at helping people make informed judgments about what they read online, the Financial Times (subscription) reports. Facebook has faced criticism over its role as a conduit for “fake news.”

Wallace Global Fund Fires Law Firm That Represents Trump: The foundation severed ties with Morgan, Lewis & Bockius via a letter that raised objections to the firm’s counsel to the president with regard to his business interests, saying its lawyers are enabling Mr. Trump to use his office for personal gain, writes Bloomberg Law.

Younger Generations Put Stamp on Rockefeller Giving: New York Times wealth columnist Paul Sullivan looks at the philanthropic lessons the late David Rockefeller imparted to his children and grandchildren and how that legacy has played out as younger family members take the reins at Rockefeller foundations. Read a Chronicle article about Mr. Rockefeller’s bequest to the Rockefeller Brothers Fund.

U. of Virginia Fundraisers Kept “Watch List” of Applicants With Donor Ties: The university’s advancement office has for years monitored admission applications and flagged cases involving the children of contributors and wealthy alumni, according to records obtained by The Washington Post. A university spokesman said the admissions office has “sole responsibility of reviewing applications” and “does not coordinate” with fundraisers.

Met Museum Director’s Relationship With Employee Fueled Discord: While it was not the reason for Thomas Campbell’s impending departure from the Metropolitan Museum of Art, his relationship with a staff member and the way it was handled by top executives and trustees sowed internal tension and reflects larger management issues at the institution, according to The New York Times.

U. of Louisville Foundation Used Big Gift to Pay Executive Salaries: The nonprofit campus affiliate steered about $7 million of a $25 million 2011 pledge by the late university benefactor Owsley Brown Frazier into controversial deferred-compensation payments last year to then-Louisville president James Ramsey and other top administrators, Louisville television station WDRB reports.

Obituary: Ted Cutler, 86, Leading Boston Arts Patron: Mr. Cutler, who worked his way through college as a musician before building a fortune in the travel industry, donated and raised tens of millions of dollars for area cultural institutions and arts festivals while also supporting education, health-care, anti-hunger, and Jewish causes, writes The Boston Globe.