Daily News Roundup: GOP Eyes Tax Bill for Johnson Amendment Repeal
House Republicans are reportedly folding language to end the ban on politicking by charities into larger tax legislation. Also, a Wall Street traditionalist on the Ford Foundation’s board embraces impact investing, and opposition recedes to charities holding big galas at President Trump’s Florida estate.
Daily News Roundup: Modern Master Robert Ryman Donates Art Trove to Dia Foundation
Also, the European Union weighs legal action over Hungary’s targeting of George Soros-backed nonprofits, and a business professor calls for limiting the charitable tax deduction to gifts to “efficient” nonprofits.
Daily News Roundup: Former Feed the Children CEO Sues Over Ouster
A former congressman alleges he was fired by the anti-hunger charity after 10 months on the job for reporting irregularities to Oklahoma’s attorney general. Also, a look at how big Silicon Valley companies are redefining corporate social responsibility.
Daily News Roundup: Reporting on Trump’s Philanthropy Earns Pulitzer Prize
David Fahrenthold of The Washington Post won journalism’s most prestigious honor for his dogged tracking last year of the then-candidate’s claims about his giving. Also, the head of Oregon’s equity-focused Meyer Memorial Trust announces plans to step down.
Daily News Roundup: ‘I Have a Dream’ Education Donor Eugene Lang Dies
Mr. Lang famously promised to pay college tuition for a Harlem school’s sixth-grade class and later started a charity that helped thousands more students attain higher education. Also, New York State lawmakers drop a plan to reap revenue from university foundations.
Daily News Roundup: Ford Elaborates on $1 Billion Impact-Investing Pledge
Darren Walker, the foundation’s president, explains how he expects the move to pay off in the long run. Also, a new Philadelphia museum exceeds its $150 million fundraising goal.
Nonprofits and Foundations Must Move Fast to Battle Trump
The charity world has the confidence and trust of Americans, and it’s time to put that to use to fend off draconian federal spending cuts.
By MARK ROSENMAN
Contributor
Daily News Roundup: Trump Plans Could Mean ‘Life and Death’ for Charities
Nonprofit leaders and lobbyists say the administration’s budget plans pose an existential threat to many organizations. Also, European lawmakers call for action against Hungary’s targeting of nonprofits and institutions funded by George Soros, and Britain fines major charities for “wealth screening” of donors.
Independent Sector Calls for Universal Charitable Deduction
The nonprofit membership association launched a campaign called Giving100 to press Congress to make all taxpayers eligible for the break on giving as part of any tax-code overhaul.
By Rebecca Koenig
Contributor
Daily News Roundup: Hungary Passes Bill Targeting Soros-Backed College
Also, Pierre Omidyar’s philanthropic network commits $100 million to buttress investigative journalism and battle hate speech, and allies of Hillary Clinton say she will not be returning to her family’s foundation.
Ford Foundation to Put $1 Billion From Endowment Into Social Investments
By promising a big chunk of its $12 billion endowment to businesses that reduce inequality, the nation’s second-wealthiest grant maker could spur peers to increase their impact investing.
By Alex Daniels
Contributor
Daily News Roundup: Trump Donates First-Quarter Pay to Park Service
A federal agency facing major budget cuts is the first beneficiary of the president’s promise to give away his government wages. Also, billionaire philanthropist Carlos Slim launches an effort to help legal Mexican immigrants attain U.S. citizenship.
IRS Granted Tax-Exempt Status to Nearly 80,000 Groups in 2016
The number of approvals has skyrocketed since the agency introduced a three-page application form for organizations with less than $50,000 in annual gross revenue. Larger groups must fill out a 26-page form.
By Alex Daniels
Contributor
Daily News Roundup: Senate Kills Rule to Protect Planned Parenthood Funding
Also, Hungary’s government targets a George Soros-endowed university in Budapest, and Facebook co-founder Dustin Moskovitz backs a nonprofit that seeks to steer money to charity when entrepreneurs exit their businesses with lucrative payouts.
A Nonprofit’s Guide to Tax Reform
As the Trump White House and Congress turn their attention to rewriting the tax code, we offer a collection of Chronicle articles and opinions about the charitable deduction, estate tax, and more.
Daily News Roundup: Anti-Planned Parenthood Activist David Daleiden Charged in Calif.
Also, a federal grand jury indicts a former Texas congressman accused of steering charitable donations to personal and political use, and Harvard research suggests how companies can gain from boosting customer and employee involvement in corporate giving.