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March 20, 2017

Daily News Roundup: Billionaire Philanthropist David Rockefeller Dies at 101

Oil Heir, Banker, and Big Donor David Rockefeller Dies: The last surviving grandson of oil baron John D. Rockefeller Sr. and former chief of Chase Manhattan Bank passed away Monday at age 101, The New York Times reports. Among other philanthropic pursuits, David Rockefeller was a longtime patron and board member of the Museum of Modern Art and gave hundreds of millions of dollars to Harvard University, Rockefeller University, and family foundations. Read a 2006 Chronicle profile of David Rockefeller.

No Sign Yet of Promised Giving by Trump's Firm and Inaugural Committee: Pledges by the Trump Organization to donate proceeds from Trump Hotel rentals to foreign governments and by the president's inauguration committee to give away leftover money from the January 20 festivities have yet to yield documented gifts, according to The Washington Post. President Trump has promised his government pay to charity — click here to nominate a nonprofit beneficiary.

Trump Budget Spurs 50-Fold Jump in Giving to Meals on Wheels: Reports that the president's plan would cut some of the charity's funding sources prompted huge spikes in cash donations and volunteer sign-ups, a Meals on Wheels spokeswoman tells CNN. White House budget chief Mick Mulvaney disputed that the cuts would gut the national program serving needy seniors, The Washington Post reports. See Chronicle coverage of the budget proposal's impact on nonprofits and listen to a podcast interview with the CEO of Meals on Wheels America.

Sports Stars Channel Wealth Into Impact Investing: NBA All Star Chris Paul and tennis great Andre Agassi are among the prominent athletes putting money into social ventures in areas like affordable housing, Reuters writes. Mr. Paul, an investor in social fund Turner Impact Capital, said he grew frustrated with the limited effect of traditional giving through his family foundation. Look for more on the evolution of celebrity giving in the upcoming April issue of The Chronicle.

Ex-Congressman Charged With Diverting Charity Funds: Federal prosecutors allege Steve Stockman put a $350,000 donation he solicited for a nonprofit called Life Without Limits to personal and political use, reports the Houston Chronicle. The Texas Republican, who served two nonconsecutive House terms, blamed his arrest on a "deep state" bureaucratic conspiracy.

Retiring Chevron Executive Helped Remake Corporate Giving: The Houston Chronicle profiles Alireza Moshiri, who in a 39-year career with the oil giant developed pioneering partnerships to address poverty and disease in Africa and Latin America and championed the idea that helping the communities where companies operate serves business as well as philanthropic interests.

Fla. Drops Charges Against Lawyer in Charity-Gaming Case: The state will not retry Kelly Mathis, a Jacksonville lawyer accused of running a $300 million gambling ring out of internet cafes operated by a veterans nonprofit, the Associated Press reports. Mr. Mathis was convicted in 2014, but an appeals court ruled last year that he should get a new hearing because the original trial judge disallowed witnesses who could have bolstered his defense.