Nonprofit News From Elsewhere
Educational philanthropists Bruce and Martha Karsh are giving $50 million to the University of Virginia to create a center for the study of democracy. The university will match the gift, which the Karshes decided to make after former President Donald Trump’s refusal to accept his election loss and the subsequent attack on the U.S. Capitol. Bruce Karsh, who founded the Oaktree Capital Management investment firm, said the couple began to take the country’s civic health more seriously after the 2017 white supremacist march at U-Va., their alma mater. Melody Barnes, a former Obama administration official who will run the Karsh Institute of Democracy, said she aims to “bring together political leaders across the ideological spectrum” with historians, economists, scientists, educators, artists, and cultural leaders. (Washington Post)
Plus: GOP Leader of Idaho Senate Calls Idaho Freedom Foundation a ‘Huge Threat’ to Democracy (Idaho Statesman)
The Andrew W. Mellon Foundation is leading a plan to pour $125 million into the recovery of New York State’s arts industry. With smaller contributions from the Ford and Stavros Niarchos foundations, the Creatives Rebuild New York effort will give up to 2,400 artists a guaranteed monthly income. It will also pay 300 full-time salaries at small to midsize art organizations, which are often led by and serving people of color, one Mellon executive said. Before the pandemic hit, the state’s cultural organizations generated almost 500,000 jobs and about $120 billion. Half of those jobs have been lost across the state, 72 percent in New York City. Creatives Rebuild New York will name an advisory board, “to include artists, policymakers, researchers, and nonprofit leaders,” on July 1. (Artforum)
More News
- Guaranteed Income Is Graduating From Charity to Public Policy (Vox)
- U.S. Taps Groups to Pick Asylum-Seekers to Allow Into Country (Associated Press)
- Opinion: Who Will Fill Eli Broad’s Philanthropic Shoes? How About Nobody? (Los Angeles Times)
- Gates Foundation Changes Could Bring Transparency and Accountability (Devex)
- With 12 Men Exonerated, the Force Behind Md.’s Innocence Project to Retire (Washington Post)
- The Coopermans Put Millions Into Philanthropy (Jewish Standard)
- Founder of China’s Meituan Donates $2.3 Billion Stake (Wall Street Journal — subscription)
- GOP Donor, Investor, Philanthropist Foster Friess Dies at 81 (Associated Press)
Racial Justice
- Sources Say Paige Patterson Made ‘Black Girl’ Comments Cited in Russell Moore Letter (Religion News Service)
- Foundation Gives $100,000 to 3 Tulsa Race Massacre Survivors (Associated Press)
