What Nonprofits Do — Good and Bad — When a Shutdown Looms
Some find emergency funding, figure out what programs will be affected, and keep the staff informed. Others wait and worry.
By Ariella Phillips
Contributor
Tax Law Eliminates Giving Incentive for 21 Million Americans, Study Says
The number of taxpayers who itemize under the new law will plunge from 37 million to about 16 million in 2018, according to the Tax Policy Center.
By dan.parks and Megan O’Neil
Postal Rates Would Increase for Nonprofits Under Proposal
Charities have until March 1 to comment on the proposed changes.
By Timothy Sandoval
Contributor
Daily News Roundup: Charities Fear Drop in Donations From Government Workers
Giving to the combined federal campaign has been on the decline since its peak of $282.6 million in 2009. In other news, the Trump administration wants to revamp regulations on bank lending to the poor; the GOP tax plan’s levy on university endowments will hurt colleges mostly in Democratic areas; World Vision’s president plans to step down at the end of the year; and more, including articles on the Metropolitan Museum of Art’s new admissions policy.
Daily News Roundup: What Gives Bill Gates Hope
In other articles, the FBI has launched another inquiry into whether the Clinton Foundation engaged in illegal activity; for the first time in half a century, the Metropolitan Museum of Art will charge non-New Yorkers an admission fee; Warren Buffett has given $43 million worth of stock since July; and more.
Daily News Roundup: NYC Ballet Leader Acted With Impunity, Say Dancers
In other news, Meryl Streep and Steven Spielberg are among the celebrities giving to #TimesUp; Betsy DeVos’s foundation donated to 100-plus groups in 2016; big hospitals got richer but provided less charity care under Obamacare; La Salle University is selling 46 masterpieces to fund its strategic plan; and more.
Highlights of a year’s worth of data projects by The Chronicle offer telling statistics about board diversity, the growth of donor-advised funds, and the value of big endowments that have become targets on Capitol Hill.
By Drew Lindsay
Contributor
Daily News Roundup: IRS Still Seeing Fallout From Tea Party Scandal
In other news, charities worry that the GOP tax bill will mean less money for those in need; a Refugees International report cites a “failure of leadership” by U.S. officials and shockingly poor conditions in Puerto Rico three months after Hurricane Maria; donations keep rolling in to public media, despite accusations of sexual misconduct against several hosts and editors; a report on what’s holding back the rich from giving larger sums; and much more.
Daily News Roundup: Gates CEO Calls 2017 an ‘Awesome Year’
Sue Desmond-Hellmann cites the number of women speaking out about sexual abuse, progress on fighting tropical diseases, and more. In other news, nonprofits ordered to leave Pakistan say thousands will lose aid; a Chinese conglomerate based in New York plans to give away $200 million; the University of Louisville will not sue its troubled foundation; and more.
Daily News Roundup: Zuckerberg Letter Outlines Long-Term Plan for Philanthropy
In other news, the Gates Foundation is committing $300 million to develop new crops to withstand the ravages of climate change; a graduate who barely squeaked by at the Rochester Institute of Technology donated $50 million to the institution; charity and advocacy are sustaining Sandy Hook families five years after the shootings; and much more on donor-advised funds and impact investing, as well as nonprofits and the law.
Daily News Roundup: Telemarketers Pocketing Most of the Millions Raised by Veterans Charity
In other news, from 2011 to 2015, another controversial telemarketer reportedly raised more than $118 million on behalf of charities and kept $106 million; the New York Philharmonic has made quick work of raising $50 million; five dancers at the New York City Ballet have accused leader Peter Martins of physical abuse; a new research center is helping scientists mine data for good; and more.
Daily News Roundup: Charities Compete Onstage for $100 Million MacArthur Prize
In other articles, A U.N. expert on extreme poverty met Monday with Puerto Rican hurricane victims to assess the U.S. response to the disaster; a report on business executives taking public stands on issues unrelated to their companies’ bottom lines; how libertarian Charles Koch and Silicon Valley are working together to push the idea that government should leave innovation alone; and more.
Daily News Roundup: Politcking and the Tax Code — Freeing Charities or Harming Them?
In other articles, a think tank says 29 million households now writing off donations and other deductions would no longer be able to do so under either of the tax plans; another report says that under the House bill, big donors could give unlimited sums to independent political groups in secret — and write off those contributions; research shows how far people will go to avoid giving — and how behavioral economics can help them be more charitable; and much more.
According to an NBC report, a Russian lawyer told the Senate Judiciary Committee in 2016 that Mr. Trump was seeking information about illegal donations to the foundation. In other news and features: an article on how conspiracy theories about George Soros have obscured other issues with large-scale giving; a report on how nonprofits are using a private-equity fund to pull a poor neighborhood out of poverty; and more.
Cash in Donor-Advised Funds Takes Years to Trickle Out
The report also raises concerns about whether the funds are sometimes used as a tool for tax avoidance with no net benefit to the public good.
By Alex Daniels
Senior Editor, Foundations
A Family That Doesn’t Shy Away From Big, Complex Gifts
Kenn and Pamela Ricci’s $100 million pledge to the University of Notre Dame in October made news not just for its size but also for how it intertwines the donors’ family with the benefactor.
By Maria Di Mento
Senior Editor