Middling Returns Have Nonprofits Rethinking Investments and Spending, Survey Finds
Low interest rates and sluggish endowment growth have many organizations looking to reallocate their assets or cut back on spending, according to a recent survey.
By Alex Daniels
Contributor
Daily News Roundup: Trump Lawyer and His Family Got Millions From His Nonprofit
A media report details the financial dealings of Trump defense attorney Jay Sekulow’s Christian charity network. Also, Los Angeles lawmakers approve George Lucas’s plan to build his $1 billion museum in the city, and the internet gets it wrong on Mitch McConnell’s childhood polio treatment.
Daily News Roundup: Supreme Court Rules Church Can Get Government Grant
School-choice advocates said the decision, which concerned a state program to help nonprofits renovate playgrounds, bolsters their call for taxpayer-funded private-school vouchers. Also, Blackbaud makes a big move into crowdfunding, and a charity backed by big tech bucks works to get coding into classrooms.
Fidelity Charitable Account Holders Gave $3.5 Billion in 2016
That’s nearly 13 percent more than was given to charity the year before.
By Alex Daniels
Contributor
Daily News Roundup: Staff Walkout Roils Colo. Art Museum
Former employees allege abusive labor practices at the Boulder Museum of Contemporary Art, which said the charges were investigated and refuted. Also, the Barr Foundation expands its board beyond its inner circle, and a planned-giving consultant offers advice on how nonprofits and financial advisers can cooperate.
Daily News Roundup: Tight Ga. House Race Resurrects Komen-Planned Parenthood Flap
The Democratic candidate in the bellwether special election is highlighting his GOP rival’s role as a Susan G. Komen executive when the cancer charity briefly cut off grants to Planned Parenthood. Also, commentaries on the implications of megagiving and Jeff Bezos’s philanthropic plans.
Expertise in Program Assessment Lacking at Nonprofits and Foundations, Survey Says
Nonprofits lack the knowledge needed to assess the results of their work, program officers say, and the foundations that fund them aren’t much better at it.
By Rebecca Koenig
Contributor
Daily News Roundup: Calif. to Counter Trump Health Cuts With $20 Million for Clinics
The state grant program aims to shore up community and Planned Parenthood clinics facing potental shortfalls. Plus, a philanthropy consultant critiques Jeff Bezos’s Twitter call for giving advice, and New York State shuts down a cancer charity investigators say was effectively run by a commercial fundraiser.
Daily News Roundup: Congressional Ballgame Raises $1 Million for D.C. Charities
Proceeds from the annual benefit more than doubled last year’s total as ticket sales skyrocketed in the wake of the gun attack on Republican lawmakers at a practice field. Also, Illinois nonprofits lose a round in court in their battle to secure state payments held up by a budget impasse.
Daily News Roundup: Congressional Charity Ballgame to Go On
Lawmakers will take the field as scheduled tonight to raise money for D.C. charities, despite Wednesday’s gun attack on a Republican congressional baseball team at a pregame practice. Also, Harvard’s president announces her exit, and San Diego takes the crown in Charity Navigator’s ranking of big-city nonprofit communities.
Endowment Managers Still Upbeat on Economy, Survey Says
Asset managers expect stock-market returns of up to 10 percent in 2017, according to the first-quarter report by NEPC.
By HEATHER JOSLYN
Contributor
Daily News Roundup: $100 Million Art Sale Backs New Criminal-Justice Fund
Also, the Gates Foundation and Rotary International spearhead $1.2 billion in new fundraising for the push to eradicate polio, and Warren Buffett’s annual auction of a lunch date fetches $2.68 million for a San Francisco social-service charity.
Daily News Roundup: Controversial Congressman’s Naming Gift Draws Fire at N.J. University
Montana Rep. Greg Gianforte’s alleged assault of a reporter last month heightens ongoing protests over the Stevens Institute of Technology’s plan to name a building after him. Also, City University of New York looks to rein in nonprofit fundraising affiliates that have come under legal scrutiny.
Daily News Roundup: Trump Business Reaped Revenue From Eric Trump Charity Events
The president’s company reportedly billed his son’s foundation for hundreds of thousands of dollars for fundraising golf tournaments held at a Trump course. Also, charities could see as much as $700 million from a 2018 auction of David Rockefeller’s art collection.
After a Criminal Attack and Embezzlement, a Philanthropic Rescue Offers Lessons
The successful relaunch of New York City’s Healing Arts Initiative shows the roles donors, volunteers, and others can play in lifting a troubled nonprofit out of bankruptcy.
By JOHN MACINTOSH
Contributor
Daily News Roundup: How Silicon Valley Donors Are Reshaping Education
Also, the Supreme Court rules that faith-affiliated hospitals need not abide by federal regulations on insuring employee pensions, and an art critic mounts a climate-based case for cultural institutions to reject Koch philanthropy.