Billionaires’ Generosity Rated by Forbes: Daily News Roundup
For the first time, the Forbes 400 will rank people not just on their wealth but also on how philanthropic they are on a scale of 1 to 5. In other articles, a U.S. nonprofit has allegedly been found to support an online blacklist that targets college students critical of Israel; the New Orleans Jazz Orchestra overspent money and diverted contributions, according to an audit; vulgar texts posted in September have heightened the New York City Ballet’s #MeToo crisis; and more on gifts and the arts.
Wharton School Gets $50 Million Gift: Daily News Roundup
As a result of the contribution, the school has increased the goal for its campaign from $850 million to $1 billion. In other articles, the Gates Foundation is committing $15 million to an effort to map neighborhoods to predict the likelihood that children in different locations can rise from poverty; the James Beard Foundation is changing the rules for its prestigious awards to be more be more inclusive; and more articles about health and nonprofit news organizations.
Food Banks Overflow Thanks to Trump Trade Wars: Daily News Roundup
The United States plans to spend $1.2 billion this year to buy U.S-grown food to help farmers deal with new tariffs from overseas, but recipients are having a hard time finding enough trucks and warehouses. In other articles, many nonprofits are sidelining banks to take advantage of exchange-traded funds; a national sexual-assault hotline had the busiest day ever after last week’s Brett Kavanaugh hearing; and more on nonprofit news, big gifts and grants, and opinion, ideas, and innovation.
Test Site Launched to Make State Charity Registration Easier
The goal of the new effort is to make it possible for charities and professional fundraisers to use one online system to apply to raise money in multiple states.
By Timothy Sandoval
Contributor
A vice president who oversees the hospital’s ventures with for-profit companies received stock options in a start-up, whose value has skyrocketed. In other articles, Mark Zuckerberg and Priscilla Chan say their LLC invests in what is needed, not necessarily what is popular; a Chicago Tribune investigation into a housing nonprofit found deteriorating buildings and a lack of promised social programs. Plus, see articles on the nonprofit work force, big gifts and grants, and ideas and opinion.
Blockchain Company Announces $100 Million Charitable Fund: Daily News Roundup
“Ripple for Good” will support education and financial-inclusion efforts. In other articles, the Securities and Exchange Commission has fined a Tennessee nonprofit $1.5 million for fraud; an opinion writer shares lessons learned from a petition by the New York Attorney General’s Office against the Trump Foundation, its directors, and officers; plus more about big gifts and grants, the arts, and people news.
Threats and Hate Mail Flood Nonprofit Associated With Kavanaugh Accuser: Daily News Roundup
People have used phone calls, emails, Facebook, and other communication tools to threaten the staff and board. In other articles, Feeding America has named Claire Babineaux-Fontenot, who has held for-profit executive jobs, to be the new CEO; Melinda Gates talks about philanthropy; the Gates Foundation undergoing an internal reorganization; the University of Calgary has received a $44 million ranch for its veterinary school. Plus, other articles about gifts and grants, ides and opinion. and more.
Gates-Led Energy Fund Adding Start-Ups Fighting Climate Change: Daily News Roundup
Breakthrough Energy Ventures plans to invest $1 billion in companies capable making a big impact on global emissions. Plus, the Memorial Sloan Cancer Center is postponing its annual fundraising campaign in light of a scandal over a deal with a for-profit company; the Obama Foundation spent $12 million on an international summit and $5 million on architects; and San Francisco proposes a $17 minimum wage for nonprofit elderly care workers. Plus, other articles on gifts and grants and more.
Democrats Plan to Force a Vote on Disclosure Rules for Political Groups: Daily News Roundup
The goal is to repeal an administration rule that allows some groups that run political ads to avoid disclosing their donors. Plus, hospitals have smaller operating margins despite strong balance sheets; New York’s American Museum of Natural History has begun preconstruction work on its planned expansion despite a lawsuit against the project; and much more on nonprofits and the law, big gifts and grants, and opinion and ideas.
Next Time You Visit the Museum, You Might Get a Pitch to Vote
As nonprofits and companies unite to encourage voter turnout, an unexpected player is emerging: museums that are making electoral turnout part of their mission.
By Julian Wyllie
Contributor
Newest White House Proposal on Immigrant Families Stands Out as Especially Cruel
The plan would deny legal immigrants green cards or visa renewals if they use food stamps, housing subsidies, or many health-care programs — even if their children are U.S. citizens. Here’s what grant makers can do.
Soros Foundation Sues Hungary: Daily News Roundup
The Open Society Foundations is challenging laws aimed at civic groups working with refugees and people seeking asylum. Plus, the founder of Craigslist is supporting a news site to investigate technology and how it influences society; Jeff Bezos’s commitment to Montessori preschools includes few details; the Vietnam Veterans Memorial Fund has decided not to build a museum on the National Mall in Washington, D.C.; and much more about innovation, big gifts and grants, and opinion.
Harvard Raises $9.6 Billion in Capital Campaign: Daily News Roundup
It surpassed its goal by more than $3 billion. Plus, Sloan Kettering is coming under fire for its deal to share cancer-patient data with a for-profit; a veterans charity raised $6.5 million in Florida but allegedly gave none to charity; a big donor’s Facebook post with photos of two black women has roiled the University of Mississippi; a tool used to measure nonprofit efficiency is inaccurate, a study finds; and much more on nonprofits and the law; big gifts and grants; and weekend reads.
Harvard Raises $9.6 Billion in Capital Campaign: Daily News Roundup
Plus, Mark Cuban will give $10 million to women’s causes after an investigation found a history of sexual misconduct among Dallas Mavericks staff; a nonprofit in Charleston, W.Va., says a New York group with a similar name has been aggressively raising money in the state; a think tank associated with George Mason University and supported by Koch family foundations is pretending not to be part of the university; and other articles about the Bezos gift and innovations and much more.
Nonprofit Advocacy Groups Must Report Names of Some Donors: Daily News Roundup
After the Supreme Court declined to intervene, a ruling last month still stands, which applies to donors who give more than $200 a year to independent political campaigns. In other articles, a candidate for governor of Massachusetts proposes to tax Harvard and other big colleges to raise a total of about $1 billion in revenue; executives of a Missouri group allegedly bribed public officials, according to court documents; and more about sexual misconduct at nonprofits and big gifts.
Donors in Fight With Ohio State U. Over Use of Gift: Daily News Roundup
Michael Moritz’s widow and son say the university is illegally using money from the endowment for “development fees.” In other articles, professors at St. Louis University claim a recent $50 million contribution gives the donor a say in hiring; the divestment movement to combat climate change has gained momentum; Marc Benioff says his purchase of Time magazine fits in with other impact investing; and more about nonprofits and government and arts and culture.