Clinton Foundation to Curb Fundraising if Hillary Is Elected
The charity said Thursday that it will eschew all donations from corporations and foreign entities if Hillary Clinton wins the presidency and that next month’s 12th annual Clinton Global Initiative meeting will be the last, the Associated Press and CNN report.
Court Says Norton Simon Museum Can Keep Nazi-Looted Works
Ruling on one of the most prominent disputes over artworks stolen by the Hitler regime during World War II, a federal judge allowed the Pasadena, Calif., museum to keep two 16th-century masterpieces formerly belonging to a Dutch Jewish art dealer, The Art Newspaper reports.
Nonprofits Face New Requirements in Financial Statements
The changes by the Financial Accounting Standards Board are meant to make information clearer for creditors, grant makers, auditors, and others that review the documents.
By Timothy Sandoval
Contributor
Court Papers Link DiCaprio Fund to Malaysia Finance Scandal
Actor Leonardo DiCaprio’s environmentally focused foundation has been caught up in the federal investigation of a massive embezzlement case involving Malaysian sovereign-wealth fund 1MDB, writes The Hollywood Reporter.
Ky. Charities Balk at Plan to Link Medicaid and Volunteering
The Kentucky Nonprofit Network says its members cannot accommodate a potential influx of tens of thousands of volunteers under Gov. Matt Bevin’s proposed “community engagement” requirement for Medicaid recipients to get their benefits, reports the Lexington Herald Leader.
Opinion: Clinton Foundation Should Close if Hillary Wins
The charity’s fundraising represents “an inherent conflict of interest” for a potential Hillary Clinton administration, and it should make plans now to wind down if she is elected in November, The Boston Globe editorializes.
Arab-American Charity Loses Suit Over Bank-Account Closure
A federal jury decided Tuesday in favor of Bank of America in a case brought by Michigan-based aid charity Life for Relief and Development after the bank closed its account, reports the Detroit Free Press.
Philly Official Likens Ex-Mayor’s Nonprofit to ‘Slush Fund’
The city controller issued a report Tuesday questioning the use of hundreds of thousands of dollars by a City Hall-affiliated nonprofit during former mayor Michael Nutter’s tenure, The Philadelphia Inquirer and Philadelphia magazine write.
Human-Rights Champion Gave Little to Help Dissidents From a Yahoo Fund
Harry Wu, who spent nine years in Chinese Labor camps, left a tarnished legacy after granting only $1.2 million to Chinese dissident families from a $17 million fund set up by the tech giant for that purpose, writes The New York Times.
Opinion: Clinton Failed to Maintain ‘Ethical Wall’ With Foundation
Hillary Clinton did not adequately separate her family foundation from her duties heading the State Department, although it’s an exaggeration to say she ran a pay-for-play scheme, writes The Washington Post in an editorial.
Admissions Offices Wary of Students Exaggerating Charity Work
College admissions officers and advocates for changing college entrance processes say they are concerned that many high-school students doing things like making fleeting “mission trips” to beef up their college applications, New York Times columnist Frank Bruni writes.
Hillary Clinton’s Tax Return Shows 10% Giving Rate in 2015
Tax forms made public Friday show the Democratic presidential nominee and former President Bill Clinton donated 9.8 percent of their $10.6 million in adjusted gross income last year, The Wall Street Journal and USA Today report.
Top State Aide Helped Clinton Foundation Executive Search
Cheryl Mills interviewed two candidates seeking to lead the charity in 2012 while she was serving as then-Secretary of State Hillary Clinton’s chief of staff, according to CNN.
Education Dept. Rejects Commercial College’s Nonprofit Bid
The agency said the Center for Excellence in Higher Education’s request for nonprofit status was aimed at avoiding strict federal regulations on for-profit colleges, The Chronicle of Higher Education and The Wall Street Journal report.
Clinton Charity Donor Says No State Dept. Meeting Took Place
A spokesman for Gilbert Chagoury, a billionaire Clinton Foundation donor who figures in newly released State Department emails, said the Lebanese-Nigerian mogul did not get a sit-down with a diplomat as sought by a foundation official, The New York Times reports.
Faith-Based Tenn. Housing Group Faces Federal Investigation
The Securities and Exchange Commission is examining the Memphis-based Global Ministries Foundation’s use of city financing to buy federally subsidized apartment complexes that have drawn scrutiny for their poor living conditions, according to The Commercial Appeal.