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November 07, 2016

Daily News Roundup: Clinton Fund Got Qatar Gift During Hillary’s State Tenure

Clinton Foundation Acknowledges $1 Million Gift From Qatar: The charity did not inform the State Department of the 2011 pledge from Qatari officials seeking a meeting with Bill Clinton, Reuters reports, citing hacked emails published by WikiLeaks. At the time the foundation was subject to limits on foreign fundraising per an ethics agreement related to Hillary Clinton's position as secretary of state.

Another newly released email includes an accusation by former Bill Clinton aide Doug Band that Marc Mezvinsky, Chelsea Clinton’s husband, used his ties with the family and the foundation to benefit his hedge fund, according to Politico.

Big Bets on Big Ideas at Heart of Silicon Valley Philanthropy: Tech billionaires like Facebook co-founder Dustin Moskovitz and his wife, Cari Tuna, are bringing the large investments and problem-solving focus that marks their business ventures to tackling social issues, The New York Times writes as part of its fall special section on giving. Read a Chronicle article on Ms. Tuna and Mr. Moskovitz’s approach to philanthropy.

Other new articles in the Times package look at the new wave of digital charity advisers; the veterans-focused giving of Starbucks CEO Howard Schultz and hedge-fund mogul Steven Cohen; and the rising profile of causes in pro sports.

Yale Money Guru’s Influence Runs Deep in Nonprofit Finance: The New York Times profiles David Swensen, the longtime manager of Yale University’s $25.4 billion endowment, whose strategy of focusing on alternative investments like private equity has spread widely among institutional funds. Many of his Yale protégés now manage the portfolios of elite colleges and large nonprofits.

Opinion: Gentrification Putting Squeeze on D.C. Nonprofits: Affluent new arrivals and rising rents in redeveloping Washington neighborhoods are creating financial and program problems for some city charities, particularly those serving vulnerable populations like the homeless and the mentally ill, a D.C. nonprofit official writes in a Washington Post column.

Opinion: Knowing When It’s Right for Charities to Merge: New York Times wealth columnist Paul Sullivan delves into the key factors that can produce, or thwart, a successful nonprofit merger. Board members are often the most significant drivers in decisions by public charities to unite, he writes.

Aid Group Tests Tool to Add Donor Control on Where Money Goes: The charity, Direct Relief, is experimenting with an option on its website donation page that lets contributors apportion their gifts among multiple causes or crises, The New York Times writes in its Your Money financial column.

Md. Private College Gets Twin $25 Million Gifts: St. John’s College will use most of the $50 million from Wall Street veterans Ron Fielding and Warren Spector, both alumni of the Annapolis institution, to support academic programs, financial aid, and career services, reports The Baltimore Sun.