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From: Chronicle of Philanthropy
Subject: Diverse Donors Led the Shift to Social- and Racial-Justice Giving in 2020
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The earthquake in Haiti gives aid organizations a chance to learn from the missteps in rebuilding that many made after the country’s devastating earthquake in 2010. International donors, aid groups, and contractors were often more interested in creating new housing than in the practical work of retrofitting existing buildings to withstand earthquakes. As a result, architect-designed model homes went up, and remained empty, alongside older apartment buildings that had withstood disasters. In addition, USAID paid a foreign building company $33,000 per house, and the Red Cross couldn’t secure the land it needed for new development, even as the nonprofit Build Change was training local contractors and another nonprofit, New Story, was paying $6,000 to $7,000 per new home by working with local builders. (Fast Company)
Serial investor and billionaire Ron Perelman’s name will not appear on a new residential college at Princeton after he reportedly failed to make good on a $65 million pledge announced in 2018. The university released a terse statement about the reversal, but one source said Perelman had not made any of the scheduled payments on the gift, which was to come from a foundation run by him and his daughter, Debra. Perelman’s holding company, MacAndrews and Forbes, owns 85 percent of Revlon, whose stock has taken a dive in recent years. He has been selling off major assets, including a townhouse on Manhattan’s Upper East Side. A spokesman for Perelman declined to comment on the Princeton issue. (Daily Beast)
