Ford Foundation to Put $1 Billion From Endowment Into Social Investments
By promising a big chunk of its $12 billion endowment to businesses that reduce inequality, the nation’s second-wealthiest grant maker could spur peers to increase their impact investing.
By Alex Daniels
Contributor
Daily News Roundup: Trump Donates First-Quarter Pay to Park Service
A federal agency facing major budget cuts is the first beneficiary of the president’s promise to give away his government wages. Also, billionaire philanthropist Carlos Slim launches an effort to help legal Mexican immigrants attain U.S. citizenship.
Charity leaders and the stars themselves dish about the ins and outs of working with big names to raise big money.
By Megan O’Neil
Contributor
Daily News Roundup: Facebook and Foundations Team for News Project
The $14 million venture will back efforts to help people make informed judgments about what they read online. Also, a foundation fires the law firm it shared with President Trump, and a look at how Rockefeller heirs are taking the reins of the family’s philanthropy.
IRS Granted Tax-Exempt Status to Nearly 80,000 Groups in 2016
The number of approvals has skyrocketed since the agency introduced a three-page application form for organizations with less than $50,000 in annual gross revenue. Larger groups must fill out a 26-page form.
By Alex Daniels
Contributor
Daily News Roundup: Senate Kills Rule to Protect Planned Parenthood Funding
Also, Hungary’s government targets a George Soros-endowed university in Budapest, and Facebook co-founder Dustin Moskovitz backs a nonprofit that seeks to steer money to charity when entrepreneurs exit their businesses with lucrative payouts.
Facebook Expands Charity Fundraising Tools for Celebrities and Corporations
The company is also taking a page from the playbook of crowdfunding sites like GoFundMe and expanding its features to allow fundraising for personal reasons.
By Megan O’Neil
Contributor
New Nonprofit Puts Money Over Mission and Ethics
Some charities should temporarily stop pursuing their missions while they raise enough money to do more, says one of the group’s most outspoken board members.
By Timothy Sandoval
Contributor
Daily News Roundup: Anti-Planned Parenthood Activist David Daleiden Charged in Calif.
Also, a federal grand jury indicts a former Texas congressman accused of steering charitable donations to personal and political use, and Harvard research suggests how companies can gain from boosting customer and employee involvement in corporate giving.
Daily News Roundup: Trump Budget Could Hit Arts Programs for Veterans
Also, George Lucas doubles the size of a University of Southern California endowment his foundation launched last year to assist budding minority filmmakers.
Daily News Roundup: Religious Charities’ Role an Issue in Debate on Trump Budget
Also, one of Facebook’s first employees donates $75 million to boost data science at his collegiate alma mater, and affluent soon-to-be spouses put a charitable spin on registering for wedding gifts.
David Rockefeller’s Death Means Windfall for Family Foundation
The likely addition of hundreds of millions of dollars to its coffers comes as the Rockefeller Brothers Fund charts a course to raise grant making on climate change, social policy, and global issues.
By Alex Daniels
Contributor
Daily News Roundup: Israeli Teen Charged in Jewish Center Bomb Threats
Also, the Hershey Trust draws fresh criticism over its selection of three new board members, and a Massachusetts legislator proposes taxing nonprofits that pay high executive salaries.
Daily News Roundup: Komen Me. Chapter Closes as Race Giving Dwindles
The breast-cancer charity’s Maine affiliate pinned financial straits on shrinking Race for the Cure revenue. Also, new research shows a persistent gender gap in leadership at major art museums, and Mike Huckabee defends the National Endowment for the Arts.
Foundations Find Different Paths to Closing Their Operations
Some put more of their endowment money into mission-related investments; others pour all of their efforts in getting their money out the door.
By Alex Daniels
Senior Editor, Foundations
Daily News Roundup: Billionaire Philanthropist David Rockefeller Dies at 101
Also, promises by the Trump Organization and the president’s inauguration committee to donate certain proceeds have yet to yield documented gifts, and Mr. Trump’s budget proposal spurs a spike in giving to Meals on Wheels.