San Diego Commission Made Grants to Member’s Nonprofit
First 5 San Diego, which allocates tax dollars for early-education programs, has awarded or committed $1.4 million in recent years to a children’s charity headed by one of its board members, according to The San Diego Union-Tribune.
More Nonprofit Employees Qualify for Overtime Under New Regulation
Full-time salaried workers who make up to $47,476 a year will soon be eligible for overtime pay. The new rules also clarify which types of nonprofit employees are eligible.
By Rebecca Koenig
Contributor
L.A. County Seeks ‘Millionaires Tax’ to Tackle Homelessness
The Los Angeles County Board of Supervisors voted Tuesday to push for state legislation authorizing the county to levy a new tax on $1 million-plus incomes to fund housing and programs for the homeless, the Los Angeles Times writes.
Growing Nonprofit Hospital Groups Reach Out to Investors
Big nonprofit health systems born of rapid consolidation in the industry are increasingly trying to sell themselves to investors to ensure they get the best rates when they borrow, writes The Wall Street Journal.
Sen. Grassley Questions Wounded Warrior’s Spending
After examining financial statements, the lawmaker said he had doubts about the organization’s assertion that it devotes 80 percent of expenses to programs.
By Timothy Sandoval
Contributor
Opinion: Dan Pallotta Says Major Nonprofit Groups Should Merge
Nonprofit advocacy, leadership, watchdog, and policy groups should join forces to build a strong, unified voice for the nonprofit sector, the Charity Defense Council head writes in a piece in the Harvard Business Review.
Mass. Nonprofit Workers Among Highest Earners
Nonprofit employees in Massachusetts earned some of the highest wages in the country during the recession, outstripping private-sector employees on average, the Lowell Sun writes, citing recently released data from the Bureau of Labor Statistics.
Gates Foundation Further Cuts Fuel Holdings, Selling BP Stake
The Bill & Melinda Gates Foundation has shed all its shares in the British oil giant, a further sign that the world’s largest philanthropy is pulling back from investments in fossil fuels, The Guardian writes.
Clinton Global Initiative Helped Firm With Clinton Ties
A $2 million commitment announced at the 2010 Clinton Global Initiative supported a green-energy company partly owned by friends of the Clinton family, according to The Wall Street Journal.
Letter to the Editor: Article Missed Spirit of Mission-Investing Conference
This week’s Mission Investors Exchange gathering acknowledged challenges in impact investing but focused on gains, two leaders of the organization say.
By STUART COMSTOCK-GAY
Contributor
Foundation CEOs Struggle to Boost Mission Investing
The pressure for strong financial returns continues to overshadow efforts to do good by reallocating portfolios.
By Alex Daniels
Contributor
Foundations’ Flint Pledge Fuels Debate on Philanthropy’s Role
The Christian Science Monitor looks at this week’s commitment by 10 foundations to pump $125 million into Flint, Mich., and what it portends about philanthropy’s role in responding to crises to which governments contribute or are slow to address.
N.Y. Arts Charity Whose Leader Suffered Lye Attack to Close
Days after firing an executive director who was assaulted last year with caustic drain cleaner, the Healing Arts Initiative abruptly shut down Wednesday and is likely to declare bankruptcy, according to The New York Times.
GuideStar Unveils New Tool to Share How Charities Measure Results
A new seal that appears on some charities’ profiles is intended to help nonprofits move beyond weighing overhead costs too heavily.
By Eden Stiffman
Senior Editor
Global Charities Say More Relief Aid Should Go to Local Groups
Major international aid organizations say humanitarian crisis response could be drastically improved if more relief money from governments and the United Nations went directly to nonprofits based in the conflict and disaster zones, according to a survey by the Thomson Reuters Foundation.
U.S. Park Service Eyes Naming Rights for Corporate Donors
The director of the National Park Service has proposed expanded rules on philanthropy that would make some facilities at the country’s 411 national parks available to be named for corporate contributors, writes The Washington Post.