News

Spending cuts the federal government is considering come at a time when the uncertain economy is making fundraising tough, leading one prominent nonprofit expert to reach a breaking point.

Plus, the University of Kentucky has received $100 million for its College of Agriculture, Food, and Environment, and Yosemite National Park will use a $17 million grant to restore its most popular trails and make other improvements.

Foundations say the summer of protests following his murder changed them forever. But for many racial-justice nonprofits, the free-flowing supply of grants proved to be short-lived. Plus, see the rest of our June issue, posted online today.

New pooled funds seek grants from foundations or individuals, aggregate the money, and give it away. The efforts aim to drive fundamental change by building Black nonprofits’ public-policy muscle.

Students learn literacy, math, and other subjects through music that’s educational and fun.

Plus, Va. homebuilders Dwight and Martha Schar gave $75 million for cardiovascular care, the Ms. Foundation for Women landed a $50 million bequest, and KKR co-founder Henry Kravis gave $40 million to back cancer immunobiology research.

Also, the Dallas Foundation has appointed an interim CEO, and Jack Anderson, who helped shape the reach and mission of the Joyce Foundation, has died.

Also, the bank First Horizon has committed $50 million to make grants to nonprofit groups in the southeastern United States, and the InnerScience Research Fund will give up to $10 million to study how meditation may limit the progression of serious illnesses.

They bring in less revenue and have fewer assets and expenses, but giving to those groups is growing.

Plus, a lumber heir left a large bequest to two Bangor, Me., hospitals, and Los Angeles philanthropist Wallis Annenberg is giving $10 million to a Beverly Hills performing-arts center she helped to launch 10 years ago.