More European Museums Turning to U.S.-Style Fundraising
With European governments’ austerity budgets cutting into cultural funding, major art museums abroad are increasingly seeking to tap private philanthropy along the American model, writes The New York Times as part of a package of articles on trends in the museum world.
Nonprofit Revenue Climbs but Slower Than Before the Recession
A study that looked at the informational tax forms for 80 percent of active nonprofits found that nonprofit revenue grew 2.7 percent in 2014.
By Alex Daniels
Contributor
Hot Real-Estate Market Pounds Nonprofit Renters and Rewards Owners
Soaring property values are creating a “displacement crisis” for many nonprofits that use rented space. Others that own their own buildings are jumping on the chance to sell — and score a windfall.
By Rebecca Koenig
Contributor
Wounded Warrior Emails Pin Troubles on Media ‘Agenda’
In emails to staff following the firing of two top executives last week, leaders of the embattled veterans charity defended its work and expressed anger over media investigations that plunged the organization into controversy, according to Jacksonville, Fla., TV station WJXT.
Opinion: Wounded Warrior Flap Should Spur ‘Effective’ Giving
Overspending at the veterans charity should encourage more donors to adopt the tenets of “effective altruism,” researching potential recipients to maximize the impact of the dollars they give, a nonprofit leader writes in Time.
Nonprofit Boards Missing Financial Red Flags, Report Says
A new assessment of New York charity operations warns that the collapse last year of one of the city’s biggest social-service providers could be a harbinger if boards do not improve their financial oversight and risk management, Politico New York writes.
Wounded Warrior Chair Defends Spending but Says Change Needed
The head of the embattled veterans charity’s board of directors tells CBS News that Wounded Warrior is working to rebuild trust with donors and former service members after firing its two top executives amid allegations of lavish spending.
Dog-Rescue Charity Linked to Alleged Tex. Investment Fraud
The bankruptcy trustee representing creditors of a financial firm accused of defrauding investors out of $1.3 billion alleges that the company’s former head used an animal-welfare charity to evade taxes and steer millions of dollars to his mistress, according to Bloomberg.
Nearly 100 Nonprofit Colleges Flunk Federal Financial Exam
Ninety-four nonprofit institutions of higher learning failed to meet Education Department standards for financial health in the 2013-14 academic year, The Chronicle of Higher Education reports.
Solving Nonprofit Money Woes Means Doing More Than Building a ‘Culture of Philanthropy’
A new report on nonprofits’ financial dysfunction focuses too much on fundraising and not enough on systemic issues, a nonprofit executive says.
By Nell Edgington
Contributor
Metropolitan Opera Donations Are Up, but Credit Rating Is Unchanged
Despite declining attendance, the opera has “uncommonly high donor support,” but Moody’s Investors Service kept its credit rating steady with a negative outlook, The New York Times reports.
Building-Rights Gifts Put Trump in Line for Big Tax Breaks
The Republican presidential frontrunner’s donation of “conservation easements” limiting development on his resorts, golf courses, and estate might be saving him millions of dollars in federal taxes, according to The Wall Street Journal.
Judge OKs Shutdown of Disgraced Penn State Coach’s Charity
The ruling Thursday turns over to state authorities about $750,000 in assets from the Second Mile, the youth nonprofit founded by ex-Penn State assistant football coach and convicted child molester Jerry Sandusky, Reuters and the Centre Daily Times report.
Wounded Warrior Project Fires Top Executives
The officials were let go nearly two months after allegations surfaced about excessive spending on parties, travel, and conferences. The board says policies and controls failed to keep up with fast growth. CEO Steve Nardizzi and COO Al Giordano are out. The board says policies and controls failed to keep up with fast growth at the country’s largest veterans charity.
By Timothy Sandoval
Contributor
Restructuring Puts United Way Silicon Valley Grants on Hold
The Silicon Valley group, undergoing a reorganization that could see it merge with another Bay Area United Way chapter, will stop making grants later this year, dealing a blow to some two dozen nonprofits serving low-income residents in the region, the San Jose Mercury News reports.
Donor Shortfall Dooms 30-Year-Old Bay Area Ballet Troupe
A year after changing its name in hopes of attracting tech-industry donors, Silicon Valley Ballet is shutting down, the San Francisco Chronicle reports.