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July 14, 2017

Daily News Roundup: New Coalition of Big Aid Charities Tackling Hunger Crisis

Major Relief Groups Join Forces on Africa-Yemen Hunger Appeal: CARE, Plan International, and six more of the world’s largest aid charities formed the Global Emergency Response Coalition to raise money to tackle a wave of starvation in South Sudan, Somalia, Nigeria, and Yemen that the United Nations has called the worst humanitarian crisis since World War II, Glamour magazine writes.

U. of Louisville Foundation Audit Prompts State Review: Kentucky’s attorney general is investigating the nonprofit campus affiliate’s finances in the wake of auditors’ findings that it drained endowment money through questionable property and business deals and excessive pay for foundation leaders, writes the Louisville Courier-Journal. University officials are weighing legal action to recover tens of millions of dollars in foundation losses, the newspaper also reports.

Howard Buffett’s Foundation Seeks to Stabilize Struggling Ill. City: The billionaire heir, who moved to Decatur in 1992 for an executive post with agribusiness giant Archer Daniels Midland, has donated or pledged some $55 million for projects aimed at improving quality of life and stanching population loss in the Central Illinois city and its environs, the Chicago Tribune writes.

Opinion: Heron Foundation Chief Defends Mission-Investing Strategy: In a letter to The Wall Street Journal (subscription), Clara Miller disputes a previous Journal column’s contention that impact investing by big grant makers “creates serious distortions in the market” and says Heron’s and other foundations’ commitment to the financial tool reflects a “fiduciary duty of obedience to mission.”

Nonprofits Decry Draft Italian Rules for Migrant-Rescue Operations: Charities that deploy boats on the Mediterranean to safeguard migrants making the dangerous sea crossing said the proposed code of conduct would cost lives, but Italy’s government said the rules, including restrictions on where the craft can operate, are needed to curb human trafficking and prevent the presence of rescue boats from encouraging more people to put to sea, Reuters reports.

New York Girl Scouts Troop for Homeless to Expand: Troop 6000, formed in February at a family shelter in Queens, will grow to include girls from 14 additional shelters across the city, with financial support from New York’s homeless-services agency and Mayor Bill de Blasio’s nonprofit, writes The New York Times.