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April 13, 2017

Daily News Roundup: Modern Master Robert Ryman Donates Art Trove to Dia Foundation

Robert Ryman Art Gift Could Be Worth Hundreds of Millions: The 86-year-old icon of minimalism donated 21 paintings to Dia:Beacon, an upstate New York outpost of the Dia Art Foundation that has long displayed his work, writes The New York Times. The value of the gift could reach into nine figures, given that a Ryman piece fetched $20.6 million at a 2015 auction.

E.U. Eyes Legal Action Over Hungary's Moves on George Soros Groups: The European Commission, the European Union's executive body, is preparing cases challenging the crackdown by Hungary's populist government on a university and nonprofits sponsored by the billionaire financier and liberal donor, The Wall Street Journal (subscription) reports.

Opinion: Eliminate Tax Break for Giving to "Inefficient" Charities: Congress could raise revenue and pressure nonprofits to improve financial and fundraising practices by allowing taxpayers to take deductions only on donations to groups that meet standards for efficiency based on their spending for programs versus overhead, George Washington University business professor Jeffrey Joseph argues in Forbes.

Pa. Group Wins X Prize for Building Star Trek-Inspired Medical Device: A small team led by a suburban Philadelphia emergency-room doctor beat out more than 300 other entrants for the $2.6 million top prize in the Qualcomm Foundation-funded competition to create a wireless monitoring and diagnostic device modeled on the "tricorder" featured in the sci-fi franchise, The Washington Post reports.

New Nonprofit Help Line Seeks to Counter Radicalization of Kids: Modeled on suicide hotlines, Parents for Peace — founded by a Tennessee father whose son committed an attack on a military recruiting center after converting to Islam — aims to help families find ways to communicate with loved ones who are flirting with radical Islam, white supremacy, and other extremist ideologies, Reuters writes.