Clinton Foundation, Aiming to Quiet Critics, Releases Donor Data
The disclosure follows months of criticism about foreign money and a lack of transparency during Hillary Clinton’s time at the State Department and during her presidential campaign.
By Megan O’Neil
Contributor
Mich. and N.Y. Funds to Help Foundation Donate $1.4 Billion
The Ralph C. Wilson Jr. Foundation tapped the Community Foundation for Southeast Michigan and the Community Foundation for Greater Buffalo to help guide grant making as it spends down assets over the next two decades, The Detroit News writes.
Feud Over Mining Mogul’s Fortune Could Yield Charity Bonanza
Australia’s richest person could contribute half her estimated $10 billion fortune to charity as part of a deal under discussion to end a bitter legal fight with her children, News Corp Australia and the Daily Mail write, citing The Australian newspaper.
Bank’s Clinton Foundation Giving Rose After State Dept. Deal
Swiss bank UBS AG significantly increased donations to the Clinton Foundation after then-Secretary of State Hillary Clinton helped broker a 2009 settlement of the bank’s battle with U.S. regulators over disclosure of secret accounts, according to The Wall Street Journal.
Government Audit Finds Big Losses at Nonprofit Health Co-Ops
The nonprofit insurers established with federal loans under the Affordable Care Act to offer health coverage through government-run exchanges lost tens of millions of dollars last year, and most fell short of enrollment goals, the Associated Press reports, citing an audit by the Department of Health and Human Services’ inspector general.
We Need to Prove Impact Investing Makes a Difference
Foundations and companies should borrow evaluation techniques from nonprofits to demonstrate that their programs improve society.
By William Burckart
Contributor
Justice Dept. Faults Auditing Firm on Big Brothers Big Sisters Assessment
The U.S. Justice Department’s internal watchdog is seeking an ethics review of PricewaterhouseCoopers over what the agency termed “extensive deficiencies” in the auditing firm’s assessment of grant compliance by Big Brothers Big Sisters of America, reports Reuters.
Wall Street Still Sees Promise in Social-Impact Bonds
Major banks remain interested in so-called “pay-for-performance” financing to test new social programs, despite the plug being pulled on the first such effort in the United States, Reuters writes.
GOP Senators Plan Vote to Bar Funding for Planned Parenthood
As an anti-abortion group released a third video on Tuesday of Planned Parenthood officials discussing the use of fetal tissue for medical research, Republican leaders said Tuesday that the Senate will vote before its August recess on ending federal funding for the women’s health organization, the Associated Press reports.
Ex-Intel Chief Gives Unrestricted $100 Million to Caltech
The donation from Gordon Moore, co-founder of the Silicon Valley giant, and his wife, Betty, establishes a permanent endowment that California Institute of Technology officials plan to use to fund graduate-student fellowships, the university announced Monday.
Judge Rejects Citizens United Bid to Shield Donor Information
A federal court in Manhattan declined Monday to grant the conservative nonprofit an injunction against New York Attorney General Eric Schneiderman’s demand that it give officials data on big donors before fundraising in the state, Reuters reports.
Nonprofit Running Big U.S. Program for Disabled Faces Inquiries
Multiple federal agencies are investigating AbilityOne, the U.S. government’s major employment effort for people with severe disabilities, and SourceAmerica, a nonprofit that manages the multibillion-dollar program, according to CNN.
Spelman College Drops Professorship Endowed by Bill Cosby
The historically black women’s college in Atlanta has terminated a humanities faculty chair established with a $20-million gift from Mr. Cosby and his wife in the late 1980s, reports The New York Times.
New England Prep School Heads’ Pay Rose a Quarter in 3 Years
Median pay for the headmasters at 32 prestigious private high schools in New England reached nearly $450,000 in 2012, a 23 percent increase from three years earlier, according to a Boston Globe survey of the institutions’ tax filings.
Hearing-Aid Charity’s Gifts Hitch Star Power to Its Cause
The Starkey Hearing Foundation, which donates hearing aids to the poor, routinely attracts high-powered celebrities to its international missions and fundraisers, in part by giving millions of dollars to the stars’ own charities, Minnesota Public Radio reports.
Videos Spark New Drive to Cut Planned Parenthood Funding
Surreptitiously shot videos in which Planned Parenthood officials discuss how to perform abortions to retain fetal tissue for medical research are rekindling anti-abortion activists’ long-held hopes to end government funding of the women’s health organization, The Wall Street Journal writes.