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February 16, 2017

Daily News Roundup: USC Boosts Campaign Goal to $9 Billion

Nearing $6 Billion Fundraising Target, USC Raises Bar: Running 18 months ahead of schedule on its ambitious drive, the University of Southern California is pushing the deadline to 2021 and expects to bring in about $9 billion by then, The Wall Street Journal (subscription) writes. Several universities have extended successful campaigns in recent years, but philanthropy experts warn that doing so raises a risk of donor fatigue.

Refugee Charity to Cut 140 Jobs Amid Trump Restrictions: World Relief, one of nine organizations that get federal money to resettle refugees in America, cited administration plans to sharply curtail refugee admissions in its decision to lay off more than a fifth of its U.S. work force and close five offices, The Washington Post reports.

Next Head of Global Disease Charity Could Raise Hackles in Washington: All three candidates for director of the Global Fund to Fight AIDS, Tuberculosis, and Malaria — which gets a third of its budget from the U.S. government — have backgrounds that might put them at odds with the Trump administration, according to The New York Times.

KIND Boss Pledges $25 Million to Launch Food-Policy Advocacy Group: Daniel Lubetzky, chief executive of the snack-bar company, said the new organization, Feed the Truth, will monitor and "counteract" the food industry's influence in areas such as product labeling and nutrition research, reports The Washington Post.

Obituary: Adele Smithers, Won Key Legal Victory for Donor Rights: Ms. Smithers, 83, focused her philanthropy on treating alcoholism and successfully sued a New York hospital in the 1990s over its administration of a bequest from her late husband, winning a ruling that gave donors more muscle in monitoring how recipients use their gifts, writes The New York Times.

Mich. School District Opens Door for Naming Gifts: Grand Rapids Public Schools will christen sections of three school buildings for donors as part of a $14.5 million capital campaign, furthering a trend that has seen naming rights trickle down from stadiums and colleges to public education, The Grand Rapids Press reports.