Social Innovation Fund Report Finds Signs of Success
But many beneficiaries say the evaluation mandate is a financial burden.
By Alex Daniels
Contributor
Leaders’ Pay Hits New Heights at Big N.Y. Arts Institutions
The top executives at the Museum of Modern Art, Lincoln Center, the Metropolitan Opera, the Metropolitan Museum of Art, and the American Museum of Natural History earned more than $1.2 million each in 2013, according to a Wall Street Journal review of major New York City arts groups’ tax filings for that year.
As Earnings Rise, Big Law Firms Giving Little for Legal Aid
Major law firms reaped record revenues last year but donated only one-tenth of 1 percent of their proceeds to legal aid for the needy, The New York Times writes, citing an analysis by The American Lawyer magazine.
Del. Museum Sells 2 More Works to Retire Building Debt
The Delaware Museum of Art said Monday that it has sold paintings by Andrew Wyeth and Winslow Homer to private collectors, completing a controversial “deaccessioning” to repay construction debt and refill its coffers, The News Journal of Wilmington reports.
Ruling Could Mean Millions in Taxes for N.J. Hospitals
A New Jersey judge sided with the town of Morristown in its yearslong effort to assess property taxes on a local nonprofit hospital, ruling that the medical center had significantly intermingled for-profit and charitable activities, NJ Spotlight reports.
Thrift-Store Firm to Donate $1.8 Million in Minn. Settlement
International secondhand retailer Savers will pay $300,000 each to six Minnesota partner nonprofits and make its fundraising methods more transparent to settle a court fight with the state’s attorney general, the Star Tribune reports.
U.K. Charity Watchdog Mulls Charging Groups for Regulation
Britain’s Charity Commission might seek to levy a fee on nonprofits to offset some of the cost of policing the sector, a move that would see some donor funds going into regulation but that appears to have strong public support, The Independent and The Guardian write.
Del. Lawmakers Cut Nonprofit Funds to Balance Budget
The state General Assembly’s budget panel finished work Wednesday on a $3.9-billion spending plan that achieves balance in part by slicing grant money for nonprofit and community groups by 5 percent, reports the Associated Press.
N.M. Charity Under Investigation Claims Abuse by Regulator
United South Broadway Corp., a foreclosure-prevention nonprofit whose spending New Mexico wants to audit, filed a lawsuit alleging that an assistant state attorney general bullied its staff and harassed a female employee, the Santa Fe New Mexican writes.
Colleges Are on a Building Spree as Endowment Gains Pick Up
Major universities are embarking on multibillion-dollar expansions on the back of positive financial trends and sharpening competition for top faculty and students, according to The Wall Street Journal.
L.A. Advances Minimum-Wage Exemption for Job-Training Groups
A Los Angeles City Council committee approved a proposal Tuesday to temporarily shield nonprofits that help hard-to-employ residents get into the work force from an upcoming minimum-wage increase, the Los Angeles Times reports.
Calif. MS Charity That Played Key Research Role to Shut Down
The Myelin Repair Foundation, which pioneered new ways to speed promising multiple-sclerosis treatments into clinical trials, announced Monday that it will close at the end of August because fundraising is not keeping up with costs, San Francisco Business Times reports.
Nev. Tax on Tickets for Big Events Won’t Spare Nonprofits
Nevada lawmakers have approved a 9-percent tax on admissions to major live entertainment events in the state, including those like the freewheeling Burning Man festival that are run by nonprofit groups, reports the Associated Press.
Deal to Keep Private Va. College Open at Least 1 More Year
Virginia Attorney General Mark Herring announced a settlement Saturday that, pending court approval, will avert the planned closure of Sweet Briar College for at least another academic year, The Chronicle of Higher Education and The New York Times report.
IRS Advisory Panel Calls for Mandatory Electronic Filing of Form 990s
The group also recommended a review of the informational tax form to see if it needs revisions.
Pittsburgh Museum Hires New Director After 3-Year Vacancy
Eric Dorfman of New Zealand’s Whanganui Regional Museum will take up the struggling Carnegie Museum of Natural History’s efforts to stem red ink and boost attendance with more visitor-friendly exhibitions, the Pittsburgh Post-Gazette reports.