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December 05, 2016

Daily News Roundup: Bloomberg Commits $360 Million More to Curb Smoking

Michael Bloomberg Expands Fight Against Tobacco Use: Bloomberg Philanthropies will spend $360 million over the next five years to pursue tobacco taxes, smoke-free laws, and other strategies to curb cigarette use in low- and middle-income countries, reports The Wall Street Journal (subscription). The media mogul and ex-New York mayor has now committed more than $950 million to anti-smoking efforts.
 
Payday Tops $1 Million for 39 Heads of Nonprofit Colleges: Seven more private-college presidents earned seven-figure payouts in 2014 than in 2013, according to a Chronicle of Higher Education survey (subscription) of campus compensation. Average full-year pay among the nearly 500 institutions surveyed was $512,987, with Jack Varsalona of Wilmington University in Delaware ranking first with a $5.4 million package.

Report Questions Spending by San Francisco Socialite's Charity: A San Francisco Chronicle investigation found that Helpers Community, which raises millions of dollars through galas and couture sales to aid people with disabilities, devotes less than 5 percent of its revenue to program grants and spends more on compensating its leader, Bay Area fashion figure Joy Bianchi.

Breakthrough Prizes Bestow $25 Million for Science and Math Leaps: A Princeton mathematician and a trio of string theorists are among the winners of awards reaching $3 million for groundbreaking research, writes The New York Times. The annual prizes are funded by internet investor Yuri Milner, Google co-founder Sergey Brin, and other tech billionaires.

Supreme Court to Hear Case on Nonprofit-Hospital Pensions: The justices agreed to take up claims by some of the country's biggest health systems that their religious affiliation exempts them from federal rules aimed at safeguarding employees' retirement benefits, the Associated Press reports. Lower courts have ruled against the hospital networks.

Obituary: Irving Fradkin, 95, Launched Major Scholarship Charity: Dollars for Scholars, a local program Dr. Fradkin founded while practicing as an optometrist in Fall River, Mass., evolved into Scholarship America, a nationwide organization that has steered $3.5 billion in financial aid to more than 2.2 million students, writes The New York Times.