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.
Heinz Family Foundation Awards 6 Individuals $1.5 Million for ‘Changing the World’
The six winners will get $250,000 each. The awards go to people who have made extraordinary and innovative attempts to solve social, global, and environmental challenges.
By Julian Wyllie
Contributor
Daily News Roundup: Food Banks in S. Carolina Already Low on Supplies
Groups in evacuation zones have closed, straining those that are still open. Plus, a University of Michigan regent rejected thousands of dollars in campaign contributions; an artist’s daughter sued the Corcoran Gallery of Art’s board for the return of her mother’s sculptures; a judge sided with an ex-employee of the Gates Foundation who said he had been misled about the scope of his job and then fired; and more about Jeff Bezos’s philanthropy, other big gifts, innovation, and sexual misconduct.
Daily News Roundup: Airbnb to Help People Displaced by Hurricane Florence Find Places to Stay
The company has activated its “response tool” so hosts can open their homes to people who have been evacuated and relief workers. Plus, St. John’s College has a philanthropy-centered plan to cut tuition; the president of Texas Tech talks about the loss of a $10 million gift; tech entrepreneurs are trying to make money while helping people do things like make down payments on new homes; and much more about big donors, philanthropy and government, and cultural groups.
Daliy News Roundup: China’s Richest Man to Retire and Focus on Giving
A former teacher, Alibaba’s Jack Ma is worth more than $40 billion and plans to spend time and money on education. Also, a board member of a prominent center at the University of Virginia has resigned a year after offering to finance a shoe-shopping spree for women on the staff; health charities were the biggest beneficiaries of the $3.7 billion British gave to charity in their wills last year; and much more news, plus articles on giving and arts and culture.
Daily News Roundup: Universities Get $80 Million and $30 Million Gifts
An $80 million gift to Western State Colorado University came from alumnus Paul Rady. Also, a $30 million donation to Michigan State will go toward constructing a building at the business school; a group of Catholic business leaders sent the Vatican a letter saying they were putting their tithe into an escrow account for now due to the sex-abuse scandals; two House Republicans are investigating three top U.S. environmental groups to see if they’ve acted as agents of foreign government; and much more.
Daily News Roundup: Levi’s CEO Urges Businesses to Take Action on Gun Violence
The company has created a fund to support nonprofit efforts and is doubling its match for employee gifts to anti-violence groups, among other efforts. Plus, read how the University of Michigan will use a $10 million gift to create a foreign-policy center on campus; and how Sylvia Acevedo went from a poor childhood to being a rocket scientist to leading the Girl Scouts; and how the IRS’s new guidance on easing deduction limits for some business owners will affect charitable giving; and more.
Daily News Roundup: U. of Louisville Faces Inquiry Into Big Payments to Former Officials
The university foundation spent almost $4 million in excessive pay to the ousted president and others. In other articles, a court case showed how a Missouri college improperly diverted funds from its endowment; a Pennsylvania inquiry into sex abuse among Catholic clergy may set a precedent; and much more about giving and nonprofit innovation.
Daily News Roundup: Trump Charity Says Attorney General Lawsuit Is Political
The attack is in response to a lawsuit accusing the organization and Trump family members of violating campaign-finance laws and self-dealing, among other things. In other articles, a look at why nurses at Dignity Health are opposing a merger with Catholic Health Initiatives; how a nonprofit that pays bail is changing lives in places like Tulsa, Okla., and St. Louis; Brad Pitt’s nonprofit faces a potential lawsuit stemming from alleged mold contamination and structural flaws; and much more.
How a Mich. Community Foundation Used Data About the Transfer of Wealth to Spark Giving
Barry County’s community fund had just $350,000 when it learned more than a decade ago it could tap at least $43 million for local causes. It’s well on its way to raising that much.
By Heather Joslyn
Contributor
She owns 10.3 million shares in SVMK, the parent company of SurveyMonkey, which she plans to give to her charitable foundation when company goes public. In other articles, the Trump administration will no longer support the U.N agency that assists Palestinian refugees; a $20 million gift to the University of Illinois will include $15 million for a football performance center; Facebook will turn a warehouse in Menlo Park, Calif., into a Community Hub to support nonprofits; plus much more.
Daily News Roundup: $100 Million Gift Will Start Research Facility at U. of Wisconsin-Madison
The donation, from Foxconn, will require matching funds of $100 million to establish the research facility at the College of Engineering. In other articles, Y Combinator will contribute $60 million to study universal basic income; J.J. Watt’s foundation offers details where the $42 million it has raised for Hurricane Harvey relief is going; the founder of Craigslist has given $1 million in unrestricted money to Mother Jones; and more about news and nonprofit innovation and foundations.
Daily News Roundup: $50 Million Gift Goes Toward Vision Research
In other articles, the United Way’s CEO talks about how the group is modernizing its fundraising strategy; a Georgia State University donor’s gift may have inflated the stock price; Starbucks employees will be allowed to divide their time between work and volunteering; the CEO of the Foundation for Jewish Philanthropies, who had been in paid leave, has resigned; a Harvard professor makes an argument for public-interest tech courses at universities. Plus, news and opinion on the arts and culture.
Daily News Roundup: Free Tuition Is Surprise Gift for All NYU Medical Students
New York Medical School announced it would cover tuition, and an anonymous gift will fund tuition for the University of Houston Medical School’s inaugural class. On other topics, a look at whether the Trump Foundation has violated federal law; the Soros Foundation will leave Hungary by the end of the month; the challenge of giving away $1 billion; plus news about museums and the arts.
Daily News Roundup: 3 Days on the Road With Parkland Student Activists
The New York Times has been following the high-school students as they travel the country registering voters and talking about gun violence. Plus, the Guardian reports on how diversity is part of the struggle for the Parkland students. In other articles, an accountant in Hawaii has been sentenced to 25 years in prison for stealing $7 million from a nonprofit; a charity founded by Mark Zuckerberg and Bill Gates is helping separated migrant families; and more about giving and other news.
Daily News Roundup: Priests Sexually Abused More Than 1,000 Children in Pa., Says Grand-Jury Report
State church leaders persuaded victims not to report the abuse and law-enforcement officers not to investigate, the report says. In other articles, donors to colleges are increasingly demanding more information about how their money is used; the Art Institute of Chicago has a long history of bringing in big gifts — here’s how it does it; the Negro Leagues Baseball Museum got a “groundswell of support” after vandals flooded its new education center. Plus, articles on innovation, giving, and more.