January 06, 2017

Daily News Roundup: Charles Feeney Closes Out His Philanthropy

"Giving While Living" Advocate Feeney Makes Final Donation: The New York Times profiles Charles Feeney's philanthropic career in the wake of the 85-year-old retail magnate's last gift — a $7 million grant to Cornell University that fulfilled his pledge to give away almost all of his multibillion-dollar fortune during his life. Read a Chronicle column about how Mr. Feeney's foundation, Atlantic Philanthropies, spent down his wealth.

Charity Becomes Key as Financial Professionals Woo Millennials: Many financial advisers are beefing up the philanthropic portion of their practices to attract young clients who research shows are particularly passionate about using their resources to support charitable causes and achieve change, The Wall Street Journal (subscription) writes. Read a Chronicle story about new research on how millennials are changing giving.

Coachella Owner a Donor to Alleged Hate Groups: Philip Anschutz, whose company AEG oversees the massive music festival, has given $190,000 through his foundation to three conservative organizations accused by the Southern Poverty Law Center of anti-gay extremism, reports AOL News. Mr. Anschutz told the Los Angeles Times that claims "that I am anti-LGBTQ are nothing more than fake news." Read a Chronicle article on co-called hate groups with charity status.

Palestinian Aid Worker Accused of Hamas Ties Sentenced in Israel: Waheed Borsh, a United Nations Development Program engineer charged by Israeli security services with funneling U.N. resources to the militant group, got a seven-month term in a plea deal but is expected to be released next week with credit for time served since his arrest last summer, Reuters reports.

Mo. Museum Criticized Over Art Loan for Inaugural Event: An artist and an art historian launched a petition calling on the St. Louis Art Museum to rescind its decision to provide the mid-19th-century American work "The Verdict of the People" for display at Donald Trump's inauguration luncheon on January 20, writes The New York Times.