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January 17, 2017

Daily News Roundup: $100 Million Pledge Backs Tex. Leadership Center

Tex. Businessman Commits $100 Million to Train School Leaders: The legacy gift from Charles Butt, chief executive of grocery-store chain H-E-B, will establish a nonprofit institute providing leadership training for administrators in select Texas public-school districts, reports the San Antonio Express-News.

Treasury Nominee Had Ties to Nonprofits That Backed His Bank Deal: Financer Steven Mnuchin served on the boards of two groups that wrote letters supporting a 2015 merger deal worth $3.4 billion to OneWest, a bank Mr. Mnuchin chaired, according to the Center for Responsive Politics. Read a Chronicle article about a digital resource detailing prospective cabinet members' philanthropic ties.

TV Appearance Turbocharges Black-College Band’s Fundraising to Play Inauguration: GoFundMe donations to help the Talladega College marching band travel to Washington leapt from $50,000 to $333,000 after the historically black Alabama institution’s president spoke on Fox News about criticism of the band’s decision to perform at the event, The New York Times writes. The tally reached $580,000 by Tuesday morning, reports AL.com.

New Digital Tool Aims to Help Donors Deal With Risk: The New York Times’s Wealth Matters column spotlights an online tool kit being released this week by the Open Road Alliance and partner groups to help foundations and other donors manage risk in nonprofit programs they support. Read a Chronicle resource on how foundations can plan for risk.

Gates Foundation Clashes With Science Journals on Open Research: Nature, Science, the New England Journal of Medicine, and other prestigious journals will not publish papers from the Bill & Melinda Gates Foundation because of the grant maker’s policy, taking effect this year, that its research findings and underlying data be made freely available, Nature writes.

Fla. Professor Fired Over Claim He Traded Grades for Charity Gifts: An adjunct psychology professor at the University of Central Florida allegedly offered A’s on final exams to students who donated to a fundraiser run by his teaching assistant’s sorority, writes the Orlando Sentinel. The instructor denied the allegation.