January 05, 2017

Daily News Roundup: Rockefeller Fund Picks USAID Administrator as New President

Rockefeller Foundation Trustee to Become New President: Rajiv Shah, an administrator at the U.S. Agency for International Development, will succeed Judith Rodin (subscription), who has headed the foundation for 12 years, reports The New York Times. The 43-year-old Mr. Shah will be foundation’s first president of Indian descent.

GOP Tax Proposal Would Restrict Big Colleges' Use of Large Gifts: Republicans will soon consider a proposal that would require that 25 percent of new donations to big college endowments be used for financial aid for middle-income students, according to Bloomberg. The plan would affect colleges with endowments over $1 billion.

MD Anderson Cancer Center to Cut About 1,000 Jobs: After losing $110 million in the last quarter of its 2016 fiscal year, the University of Texas-affiliated hospital is aiming to reduce its staff of 20,000 by 5 percent through layoffs and voluntary retirements, reports the Houston Chronicle.

Seattle Nonprofit Uses Brain Science to Fight Homelessness: Wellspring Family Services is leaning on neurological research that shows that extreme stress in children can lead to behavioral and learning problems, writes the Seattle Times. The group is working to teach children to express their emotions and resolve conflicts in healthy way.

Charities Criticize Governments for Using Aid Money for Poor Countries on Refugees:
International development assistance reached a record $131.4 billion in 2015, but several humanitarian nonprofits expressed alarm that governments of wealthy countries spent $12.1 billion in aid money assisting refugees, writes Reuters. Antipoverty group ONE and other critics said aid money should be spent fighting the causes of forced migration.

Correction: The original version of this post, reflecting an error in the New York Times source article about Rajiv Shah's Rockefeller appointment, incorrectly stated that he would be the youngest president in the foundation's history.