Trump May Owe IRS More for Foundation’s Political Donation
The Republican presidential nominee may be liable for additional penalties arising from his charity’s 2013 contribution to a political organization affiliated with Florida Attorney General Pam Bondi, tax experts tell The Wall Street Journal.
Houston Tops Watchdog’s Ranking of Charitable Cities
For the second straight year, Charity Navigator ranked the Texas city No. 1 among major U.S. urban areas for the financial health and transparency of its nonprofit scene, Houston Business Journal writes.
Vt. College’s Ex-President Blames Closure on Bad Land Deal
Carol Moore, the former leader of Burlington College, criticized the shuttered institution’s board for hiring her predecessor, Jane Sanders, and allowing Ms. Sanders to spend $10 million on land for a proposed campus expansion, Vermont Public Radio reports, citing a letter to The Chronicle of Higher Education.
Foundations Can Use Their Shareholder Muscle to Fight Climate Change
Proxy measures are gaining steam at fossil-fuel companies, but it takes more grant makers joining forces to make a difference.
By Laura S. Campos
Contributor
2nd Big U. of Louisville Donor Demands Foundation Audit
The C.E. and S. Foundation echoed another major contributor’s threat to cut off giving unless the university’s nonprofit fundraising arm undergoes a forensic financial review, reports The Courier-Journal.
Clinton Charities Reportedly Skirted N.Y. Law on Disclosure
The Clinton Foundation and an affiliated health nonprofit failed to identify foreign donors in filings with New York state regulators throughout Hillary Clinton’s term as secretary of state and reported far less in total foreign fundraising to the state than it did to the IRS, according to Scripps News.
Group Behind D.C.’s Biggest Charity Balls Is on the Rocks
The Washington Post examines the decline and possible demise of CharityWorks, which annually staged two of Washington’s glitziest fundraising parties.
Calif. Charity to Handle Finances for Black Lives Matter
After quietly working together since late last year, Black Lives Matter and the International Development Exchange recently formalized a partnership under which the San Francisco nonprofit manages grants and donations for the burgeoning antiracism network, the Associated Press reports.
Big U. of Louisville Donor Wants Audit of College Foundation
The James Graham Brown Foundation is threatening to cut off giving unless the campus’s nonprofit fundraising arm accedes to a forensic financial review following controversies over its spending and relationship with the recently departed university president, The Courier-Journal writes.
New African-American Museum a Product of Persistence
The New York Times recounts the intense, years-long lobbying and fundraising effort that produced the National Museum of African American History and Culture opening September 24 in Washington.
Record-Setting Harvard Campaign Passes $7 Billion Mark
The university announced Thursday that it has topped its $6.5 billion target with nearly two years to go in the biggest-ever collegiate fundraising drive, campus newspaper The Harvard Crimson writes.
Muscular Dystrophy Charity Adjusts to Life After Telethon
A year after scrapping its signature Labor Day telethon, the Muscular Dystrophy Association is facing financial challenges but also expanding its digital footprint and pledging to double spending on developing and testing new treatments for diseases that debilitate muscles, reports the Associated Press.
Checks Still Dominate Donation Transactions, Despite High Cost for Small Gifts
The smaller the gift, the less cost-effective it is for recipients to process by check, but paper remains the giving method of choice for nearly half of donors, a PayPal/GuideStar study finds.
By Rebecca Koenig
Contributor
Charity Navigator Gives Top Marks to Clinton Foundation
The nonprofit watchdog issued a four-star ranking for the embattled charity Thursday, eight months after removing the foundation from its “watch list,” writes the Associated Press. Also, Politico reports on Bill Clinton’s staff’s use of federal funds allocated to ex-presidents to subsidize some operations at his foundation.
Zero-Rated Veterans Charity With VA Tie Shutting Down
The National Vietnam Veterans Foundation is closing several months after drawing media scrutiny for collecting tens of millions of dollars on behalf of former service members but spending almost all of it on fundraising, CNN reports.
College Chain Files Suit Over Nixed Bid for Nonprofit Status
The Center for Excellence in Higher Education’s legal challenge asserts that a political bias against commercial colleges drove the U.S. Education Department’s rejection of its request that its institutions be considered nonprofit for financial-aid purposes, reports The New York Times.