Parkinson’s Researcher Says Feud With Fox Fund Delays Drug Trial
A clinical trial for a promising new treatment for Parkinson’s disease is in limbo amid a dispute between Georgetown University scientists and the Michael J. Fox Foundation, the most prominent Parkinson’s charity, health-news site Stat reports.
Missing $500,000 Gift Prompts Inquiry at N.Y.’s City College
The City University of New York is conducting an internal investigation into what happened to the donation to its flagship campus, the City College of New York, after senior faculty learned the account that was supposed to hold the contributed funds was nearly empty, reports The New York Times.
Hershey Takeover Bid Dead; Uncertainty at Trust a Factor
A rival corporation’s monthslong attempt to acquire Hershey Co. is over following a rebuff of the latest takeover offer by the troubled charitable trust that controls the giant chocolatier, reports The Wall Street Journal.
World Vision Says Its Review Cleared Staffer Charged in Gaza
The Christian aid charity says it conducted an internal investigation of its Gaza director months before he was accused by Israeli authorities of diverting millions of dollars to militant Palestinian group Hamas and found no evidence of wrongdoing, The Wall Street Journal reports.
Finance Firms Battle for Growing College-Endowment Business
Managing university endowments has emerged as fertile growth territory for banks and investment firms, which now oversee about $100 billion in such assets, writes Bloomberg.
Firm With Ties to Chelsea Clinton Manages Foundation Assets
Summit Rock Advisors, a New York investment firm whose managing director is a longtime friend of Ms. Clinton’s, was selected by the Clinton Foundation in 2014 to oversee the charity’s now-$250-million endowment, reports The Wall Street Journal.
Building a $100 Million Proposal and Inviting the World to Listen In
A small Detroit charity going after the MacArthur Foundation’s big-idea 100&Change grant is tracking its progress in a weekly podcast.
By Megan O’Neil
Contributor
Former Wounded Warrior CEO Accuses Board of Dishonesty About State of Charity’s Finances
Charity officials deny the accusation and say the group is still developing its budget for 2017.
By Timothy Sandoval
Contributor
Mission Focus Can Put Pay Squeeze on Nonprofit Employees
In light of new federal regulations expanding eligibility for overtime pay — and many charities’ opposition to the changes — The Atlantic magazine looks at the forces putting pressure on nonprofit workers to put in longer hours for less money.
Orlando Hospitals Won’t Bill Pulse Survivors for Treatment
Nonprofit medical centers that treated victims of the worst mass shooting in U.S. history said Wednesday that people hurt in the June 12 attack and the families of those killed will face no out-of-pocket costs, the Orlando Sentinel reports.
Chelsea Clinton to Remain on Foundation’s Board
The Clinton Foundation said Wednesday that the former first daughter will retain a role with the family charity even if her mother is elected president, The Wall Street Journal reports, while Hillary Clinton fired back on CNN against claims that she favored foundation donors as secretary of state.
Duke U. Lays Claim to $10 Million From Oilman’s Estate
The university filed probate-court papers Tuesday seeking more than $9.9 million in what it says were unfunded pledges made by oil and gas magnate Aubrey McClendon before his death in March, reports The Wall Street Journal.
Clinton Met With Scores of Donors to Foundation While at State
More than half of the 154 people from outside government with whom Democratic presidential nominee Hillary Clinton met while serving as secretary of state were donors to her family’s charity, the Associated Press reports, citing State Department calendars from her tenure.
Foundation Investment Returns Fall, but Spending Rate Remains Steady
Private foundations saw zero growth on endowment investments in 2015 and community foundations lost 1.8 percent, according to a new study.
By Megan O’Neil
Contributor
Studies Examine Why People Give Differently Than They Invest
A quartet of academics specializing in marketing and behavior write in MarketWatch about their research comparing people’s decision making on charitable donations and investments.
Emails Show More Clinton Fund Donors Sought State Dept. Help
The latest batch of internal State Department communications released by conservative advocacy group Judicial Watch shows a pattern of Clinton Foundation supporters seeking meetings and other assistance from the agency when it was led by Hillary Clinton, reports The Washington Post.