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January 12, 2017

Daily News Roundup: Charles Koch Gives $25.6 Million for Black Colleges

Charles Koch Gift Backs Research at Historically Black Colleges: The billionaire industrialist's $25.6 million donation to the Thurgood Marshall College Fund will establish a center for research on education, criminal justice, and entrepreneurship in "fragile communities" plagued by economic and social ills, reports The Washington Post.

Iowa State U. Gets Stock Donation Worth $93 Million: The university will devote the funds to projects at its College of Liberal Arts and Sciences after selling its majority stake in Curriculum Associates, a Massachusetts educational-technology company co-founded by an Iowa State alumnus, The Des Moines Register writes. The stock gift will also reportedly benefit the Boston Foundation.

Study Shows Fundraising Impact of Photo of Dead Syrian Boy: The 2015 shot of a drowned 3-year-old migrant had far more impact on donors than the long-term toll of the Syrian crisis, with a refugee fund run by the Swedish Red Cross seeing a 100-fold increase in donations in the days after the image made worldwide news, the Thomson Reuters Foundation writes, citing new research.

Trump Inspires Hungary to "Sweep Out" George Soros-Backed Groups: The ruling party of Prime Minister Viktor Orban, who has championed Russia-style "illiberal" rule, said Donald Trump's election provided "an opportunity internationally" to crack down on nonprofits funded by the billionaire financier's Open Society Foundations, Bloomberg writes.

Reagan Foundation Seeks Nearly $1 Million From Donor's Estate: The nonprofit that runs the Ronald Reagan presidential library says the late oilman Aubrey McClendon paid only $15,000 of a $975,000 pledge he made in 2008 and has asked a judge to overrule lawyers for the estate who rejected the foundation's claim, reports The Wall Street Journal (subscription).

Metropolitan Museum of Art to Delay $600 Million Expansion: The New York institution, which in recent months has shed jobs to reduce a big budget deficit, could wait as many as seven years before breaking ground on the planned new wing, which officials had hoped to open in time for the Met's 150th anniversary in 2020, reports The New York Times.

Obituary: William Bowes Jr., Tech Investor and Science Donor: Mr. Bowes, 90, was an early Silicon Valley backer of biotechnology ventures who parlayed much of his fortune into supporting basic medical research, most recently with a $50 million donation to the University of California at San Francisco, writes the San Francisco Chronicle.