Daily News Roundup: Donors Giving Big to Small Colleges
A $50 million gift to tiny Oglethorpe University, whose endowment is just $33.5 million, is one example of how major gifts can change everything for a small institution. In other news, the Trump administration is coming under fire for its hurricane response in Puerto Rico, and efforts in Los Angeles illustrate how developing housing for people in need can be tough even when the money is there.
Giving Could Plunge $13 Billion Under Tax Plan, Nonprofit Leader Says
Many nonprofits worry that increasing the standard deduction would depress giving.
By Alex Daniels and Megan O’Neil
Daily News Roundup: $300 Million From Tech Firms Boosts Trump Computer-Science Effort
In other news, many Puerto Ricans are still looking for water, gasoline, and outside assistance a week after a powerful hurricane struck the island; the White House is still weeks away from a formal request for aid, sources say.
He said the money would fund efforts in education, science, and advocacy.
By Megan O’Neil
Contributor
Daily News Roundup: Bloomberg Holds Forum as Clinton Global Meeting Ends
In other news, Harvard’s endowment posts an 8 percent return, immigrant hurricane victims seek safety in churches, North Texas Giving Day brings in $39 million in 18 hours, Sen. Charles Grassley says hospitals don’t provide enough charity care, and Eric Trump apparently still attends events for his old charity after promising to stop raising money for it.
To Woo Wealthy Donors, Appeal to Individualism
Highlighting a donor’s ability to make a difference as an individual produced more giving among upper-income people than appeals to uniting for a common cause.
By Alex Daniels
Contributor
Millions of Dollars From Corporations and Individuals Flow to Flood-Ravaged Texas
An effort by Facebook to raise money was so popular, it caused a key donation website to crash. Meanwhile, New Orleans residents are contributing money and expertise as they seek to pay back Houston for help it offered during Katrina.
By Megan O’Neil
Contributor
Daily News Roundup: President Says Harvey Aid Won’t Be Hurt by Government Shutdown
Also, Jeff Bezos thanks the public for suggesting where he should donate money and says “more to come.” And Bloomberg Philanthropies is under scrutiny in India.
Daily News Roundup: Charities Continue Exodus From Trump’s Fla. Estate
Also, a higher-education expert examines how massive fundraising campaigns have reshaped the job of college president, and Michael Bloomberg announces an international forum not unlike the defunct Clinton Global Initiative.
Daily News Roundup: More Charlottesville Fallout as Big Charities Drop Mar-a-Lago Galas
The American Cancer Society and two other major nonprofits say they will relocate events scheduled for President Trump’s Florida estate. Meanwhile, the ACLU tempers its support for extremist groups’ right to rally, and a Murdoch blasts the president’s response to Charlottesville.
Daily News Roundup: 4,000 Faith Leaders Urge Congress to Retain Pulpit-Politicking Ban
Also, Apple donates $2 million to groups combating racist extremism as CEO Tim Cook condemns President Trump’s Charlottesville response, and Facebook rolls out a tool to make those ubiquitous birthday reminders more charity-minded.
Daily News Roundup: Crowdfunding Sites Nix Appeals for Charlottesville Suspect
Mainstream online-fundraising firms say hosting campaigns to raise legal-defense funds for James Fields would violate their policies on hate speech. Also, humanitarian groups suspend Mediterranean migrant-rescue missions, fearing clashes with Libya’s beefed-up Coast Guard.
Daily News Roundup: Chan Zuckerberg Initiative Loses Top Tech Exec
Also, the Cleveland Clinic stands by plans to hold its winter gala at President Trump’s Mar-a-Lago resort, and stolen emails reveal a Persian Gulf state’s $20 million donation to an influential foreign-policy think tank.
Group Moves Toward Metrics to Ensure Impact Investments Really Have Impact
The U.S. Impact Investing Alliance, which is still in its formative stage, wants to make sure investors seeking social as well as financial returns for their money are really doing as much good as they claim.
By Alex Daniels
Senior Editor, Foundations
Daily News Roundup: Groups Fighting Teen Pregnancy Set to Lose Millions
President Trump’s budget plan would eliminate an Obama-era program that grants $89 million to dozens of organizations for efforts to influence teenage sexual behavior. Also, a San Francisco disability charity forces out its socialite director, and strange bedfellows fight the D.C. Metro’s restrictions on advocacy ads.
Daily News Roundup: Death of Volunteers Prompts Suit Against Nonprofit
The parents of two British women who drowned while volunteering in South Africa say the charity that organized the trip bears responsibility. Also, cities are repealing restrictions on panhandling in the face of court defeats, and the ACLU jumps into a coal company’s lawsuit against John Oliver.