Spelman College Gets $30 Million Gift: Daily News Roundup
The contribution will go toward the Center for Innovation and the Arts. Also, giving to historically black colleges and universities has been up the past two years as the institutions have focused more on cultivating big donors. Plus, Save the Children was fooled by a sophisticated email scam into sending $1 million to a fraudulent account in Japan; as the Boy Scouts has tried to modernize, some of its efforts have backfired; and much more news and articles about big gifts and innovation.
Smaller Foundations Follow Through on Plans to Change Grant Making After Trump Election
However, a survey by Exponent Philanthropy also indicated that pessimism about the influence of philanthropy has grown during the past two years.
By Alex Daniels
Contributor
Boy Scouts Considering Bankruptcy Filing; Google Donation Tool; Daily News Roundup
The potential chapter 11 filing would halt lawsuits against the organization for alleged inappropriate behavior by employees. In other articles, Google has added a donate feature for users of Android phones; the Senate voted to overturn a Treasury Department rule on donor disclosure; an Australian businessman who died last month left $4 billion to his charitable foundation; the Glide Foundation has been sued by its parent organization, the United Methodist Church; and much more.
Salesforce.Org to Include Schools in Its Philanthropy: Daily News Roundup
The organizaton is giving $2 million to train principals and teachers, unlike its past education gifts that have funded better technology and expanded programs. In other articles, nonprofit victims of Bernard Madoff’s Ponzi scheme are close to getting their money back; and much more on big donors, cultural organizations, and innovation.
IRS Softens Blow From Taxed Employee Perks at Nonprofits: Daily News Roundup
Under pressure, House leaders revisit taxing of benefits such as free parking and mass transit subsidies; proposed revisions of tax plan seek to reverse ban on political activity by nonprofits; how to spur people to give to charity by making it about them, and more.
Boy Scouts’ Recruitment of Girls Sows Confusion: Daily News Roundup
Membership rift in Scouting has girls and their parents wondering about the best fit; how the More Than Me charity gamed the internet and Hollywood; Wreaths Across America raise questions over self-dealings; why some hedge fund managers give to charity, and more.
LeanIn.org May Have a Sheryl Sandberg Problem: Daily News Roundup
Women in Lean In movement see disconnect with Sandberg’s message; gay Christian issue roils churches, nonprofits in Seattle; concerns over new tax plan implications on alumni giving; and more.
A Devastating Rule for Migrant Families Could Become Law Soon (Opinion)
Monday is the deadline for public comments on a proposed federal law to keep immigrants from getting safety-net programs for food, health, and housing.
By Carol Larson
Contributor
Alumna Debra Perelman and her father, Ronald Perelman, are the donors. Plus, Virginia Tech got a $50 million to attract research scientists and boost growth in the region; a $50 million contribution to the Academy Museum of Motion Pictures almost didn’t happen; a group called Entrepreneur Auction helps charities raise money by auctioning meeting with billionaires; the legacy of George H.W. Bush’s giving lives on in Portland, Maine, where a golf tournament raised money for charity; and much more.
$100 Million Gift to Help Refugee Kids: Daily News Roundup
The Lego Foundation gift to Sesame Workshop will allow it to intensify its work creating play-based educational opportunities. In other articles, the University of Southern California is facing a backlash from big donors after its interim president decided to force out a dean over his handling of accusations against faculty and staff; NPR CEO Jarl Mohn has announced he will step down in June; and much more news, plus articles about big gifts and grants, health care, and opinion.
Facebook Exposes Charities to Hackers: Daily News Roundup
Some nonprofit leaders say that as Facebook has introduced new fundraising tools, it hasn’t added appropriate customer support for groups that use its products. Plus, Hungary’s prime minister has forced the university founded by George Soros out of the country; St. Jude Hospital got $50 million from a biopharmaceutical company; a federal investigation is looking into possible corruption by former officials of a Missouri-based mental-health nonprofit working in Arkansas; and much more.
Nonprofit Founder Made Millions Housing Migrant Children; Daily News Roundup
The founder of Southwest Key Programs may also have engaged in self-dealing with top executives. Plus, the National Rifle Association has awarded millions of dollars in contracts to people with close ties to the group; critics are noting that the American system that allows some wealthy philanthropists to build fortunes contributes to the social ills their gifts are attempting to alleviate; companies that use the “buy one, give one” strategy are now key to some entrepreneurs; and more.
House Republicans Want to Rescind New Tax on Nonprofits: Daily News Roundup
An amendment has been introduced that would kill a new tax on certain fringe benefits that churches, colleges, and other nonprofits provide for employees. Plus, Bloomberg Philanthropies plans to give $50 million to fight the opioid epidemic; Sheryl Sandberg reportedly asked Facebook’s communications staff to do research on George Soros’s financial interests after his criticisms of tech companies; and more news and articles on big donors, ideas, and powerful women in philanthropy.
San Francisco Official Wants Zuckerberg Name Removed From Public Hospital: Daily News Roundup
The request was made in light of the controversy over Facebook’s handling of user data and its use of opposition research. Plus, Patagonia gave $10 million it got from GOP tax cuts to environmental groups; the NRA’s income dropped by $55 million last year; a new nonprofit, started by critics of the Trump administration’s policies on student loans, will work with state and local lawmakers to protect student borrowers; the Berkshire Museum got $53 million from the sale of 40 artworks; and more.
Nonprofit Investment Returns Average Only 6.7%: Daily News Roundup
A 2009-16 study shows that they underperform even U.S Treasurys. Plus, charities are anxiously anticipating a drop in year-end giving because of the new tax law; a musician has announced a new foundation for prison overhaul; the president of Dillard University is chiding philanthropists for giving less to historically black colleges and universities; Mary’s Place, one of Jeff Bezos’s favorite charities, is launching a campaign to raise $2 million for a new shelter; and much more.
Soros Foundation Closes in Turkey: Daily News Roundup
Days before the shutdown, President Tayyip Erdogan said George Soros “assigns people to divide nations and shatter them.” Plus, Chef Jose Andres has been nominated for the Nobel Peace Prize; the Trump Foundation made no donations last year; the Trump Organization gave more than $500,000 to the Trump Foundation in 2017, according to a tax return; an effort to encourage people to include charities in their estate planning aims to raise $1 trillion; plus, articles about Giving Tuesday and more.