Daily News Roundup: New Cryptocurrency Fund Aims to Raise $1 Billion for Charity
CEO Brian Armstrong of Coinbase wants to donate directly to people in need. In other articles, the owner of nut company used his foundation to lend millions to business associates; an ethics expert at Stanford argues that big philanthropy is hurting democracy; the $1 billion Gates-backed education initiative is judged a failure; a look at the Trump Foundation’s legal troubles; Columbia University to get international Obama Scholars; and more on tax law, education, and nonprofit leadership.
Daily News Roundup: Judge Urges Trump to Settle Foundation Lawsuit
The judge said the president’s nonprofit should try to reach an agreement with the New York attorney general to dissolve. In other articles, the Templeton Prize this year is going to the King of Jordan for promoting cooperation among Muslims with different traditions; the San Diego Foundation has dismissed its CEO; a $25 million donation will go toward creating artificial intelligence to treat heart disease; and much more on immigration and arts and culture and politics, government, and nonprofits.
Daily News Roundup: Zuckerberg and Sandberg Give to Unite Immigrant Families
The pair gave to an online drive by former Facebook employees raising money for a Texas nonprofit. In other articles, a look at what would happen if university endowments invested only in funds with diverse hiring practices; how the Koch brothers are fighting public-transit plans; and more about big philanthropy and other news.
Affluent Younger Investors Are Gravitating to Impact Investments, Study Says
A Fidelity Charitable survey found that some 70 percent of millennial and Gen X investors are seeking social and environmental as well as financial returns, more than double the rate for older generations.
By Megan O’Neil
Contributor
Daily News Roundup: $50 Million Gift to Cincinnati Zoo
In other articles, the former chairman of Wells Fargo is giving $20 million to DePauw University; the Gates Foundation is starting a nonprofit biotech in Boston; a little-known conservative Midwestern couple is wielding big influence in philanthropy; “design thinking” can help nonprofits with fundraising; how to get narcissists to give to charity; and other articles about legal news and investing and opinion and much more.
Gates Jumps Into International Education With $68 Million for Data-Based Solutions
The four-year commitment is intended to help figure out what works, especially in poor countries.
By Alex Daniels
Contributor
Daily News Roundup: ‘Free-Market Philanthropy’s’ Impact on Scientific Research
Billionaires are investing more in biotechnology, raising questions about diversity and more. In other articles, a former Gates Foundation executive will be chancellor of the Pennsylvania State System of Higher Education; the Education Department is conducting a review after a report that teachers’ grants had been converted to loans; a House Committee subpoenaed bank records of a nonprofit tied to Missouri Gov. Greitens; and other articles about sexual misconduct and museums and more.
Wealthy Men More Likely Than Women to Replace Charitable Giving With Impact Investing
Women appear to be more interested than men in impact investing, a new study finds, but generational differences and who controls giving dollars are additional influences.
By NICOLE WALLACE
Features Editor
Daily News Roundup: $180 Million Renovation for 92nd Street Y
In other articles, colleges may try several strategies to avoid the tax on their endowments, like increasing enrollment to reduce endowment-per-student ratio; the Metropolitan Opera found evidence that former conductor James Levine abused or harassed seven people; a mysterious benefactor’s $16 million loan to a college raises questions; and other articles about health care and opinion and more news.
Some International Groups Saying Hiring More Locals Boosts Results
Proponents say the change can lead to big gains in results, but it also has meant job losses for employees previously deployed to the field from nonprofits’ headquarters.
By Rebecca Koenig
Contributor
Daily News Update: New Trump Administration Rule Ties Funding to Abortion Restrictions
The effort takes aim at Planned Parenthood, said some administration officials. In other articles, a campaign lawyer for Missouri Gov. Greitens says a Greitens aide took a donor list from a veterans charity, and a Missouri House committee wants a court to compel the Greitens’s nonprofit to turn over records; the Obama presidential library drew scattered protests in Chicago; and much more on nonprofit innovation and the arts and other news.
Daily News Roundup: A New Way to Fund Nonprofits
The approach is backed by the likes of Richard Branson, Pierre Omidyar, and other big names. In other articles, Bill Gates has given $44 million to influence education policy; donor-advised funds, which allow for big tax breaks but have little oversight, have become popular with Silicon Valley philanthropists; and San Francisco nurses want “Zuckerberg” removed from their hospital’s name. Plus, other articles about wealthy heirs, the biggest ACLU donor, and more.
Donors Pool $40 Million to Light a Fire Under Pay-for-Success Programs
Steve and Connie Ballmer put up $20 million, Prudential Financial added $10 million, and the Kresge Foundation put up to $10 million to shield investors from losses.
By Alex Daniels
Contributor
Daily News Roundup: Food for the Poor’s Charity Status Under Attack
The California attorney general says the charity inflates the value of donated pharmaceuticals in its tax filings. In other articles, tables for a lavish Clinton Foundation gala are going for as much as $100,000; Democrats are giving nearly $9,000 in contributions from former N.Y. Attorney General Eric Schneiderman to a domestic-violence charity; an app has helped deliver a million pounds of food to the hungry in Atlanta; and more about giving and the arts and harassment.
Daily News Roundup: Slate’s New List of the Biggest Charities
The online magazine found the 10 largest nonprofits by revenue for nine nonprofit sectors. In other articles, philanthropy in China is growing; an expert in public health and social services suggests how Jeff Bezos should spend $131 billion; a trend toward authenticity in history museums is changing black tourism; the Humane Society and Big Isle Residents are trying to rescue pets in Hawaii; and more news.
The Basics of Measurement: Start Here
Find out questions to ask before you get started, what nonprofit watchdogs are looking for, and much more.