PicoFeed The Chronicle of Philanthropy https://philanthropy.com/ 2017-07-26T04:32:00-04:00 The Chronicle of Philanthropy Nonprofit Coalition Takes a New Tack in the Trump Era https://www.philanthropy.com/article/Nonprofit-Coalition-Takes-a/240729 2017-07-25T09:25:00-04:00 Dan Cardinali has spent his first year as head of Independent Sector finding ways to promote a populist tax idea and taking a more expansive approach to getting charities and foundations to work together. By Rebecca Koenig Daily News Roundup: Controversy Over Coke Giving Follows Ga. Health Official to CDC https://www.philanthropy.com/article/Daily-News-Roundup-/240725 2017-07-24T09:51:00-04:00 The soft-drink giant funded anti-obesity programs in Georgia when Brenda Fitzgerald, incoming head of the Centers for Disease Control and Prevention, was the state's health commissioner. Also, volunteerism jumps in New York City, and a tale of two Utah nonprofits that barred LGBT groups from events. Daily News Roundup: NYC Plan for Culture Groups Links Funding to Diversity https://www.philanthropy.com/article/Daily-News-Roundup-NYC-Plan/240702 2017-07-20T09:25:00-04:00 Mayor Bill de Blasio says arts nonprofits' progress on staff and board equity will be a factor in City Hall grant decisions. Also, big donors to the San Antonio Symphony form a nonprofit to take over operation of the financially struggling orchestra. Daily News Roundup: Historically Black Colleges Struggle to Build Endowments https://www.philanthropy.com/article/Daily-News-Roundup-/240688 2017-07-19T10:13:00-04:00 Black higher-education institutions boast strong alumni-giving rates but draw far fewer dollars than peers and have less opportunity to pursue risky but potentially lucrative investment strategies. Also, the Kennedy Center sees fundraising gains but management churn under a new president. Daily News Roundup: Inside a College Development Office Riven by Dysfunction https://www.philanthropy.com/article/Daily-News-Roundup-Inside-a/240675 2017-07-18T10:01:00-04:00 Dozens of fundraisers have left Rensselaer Polytechnic Institute in recent years, fleeing what ex-staffers describe as a toxic environment created by the university's highly paid president. Plus, how big nonprofit hospitals are faring financially under Obamacare. Daily News Roundup: House Takes Step to Weaken Church-Politicking Ban https://www.philanthropy.com/article/Daily-News-Roundup-House/240667 2017-07-17T09:58:00-04:00 The Appropriations Committee approved language in a spending bill aimed at curbing IRS enforcement of the ban on electioneering by houses of worship. Also, big foundations take big financial hits as a private-equity fund popular with charitable investors goes bust. Daily News Roundup: New Coalition of Big Aid Charities Tackling Hunger Crisis https://www.philanthropy.com/article/Daily-News-Roundup-New/240652 2017-07-14T10:07:00-04:00 Eight of the world's largest relief groups will raise money together to alleviate starvation in three African countries and Yemen. Also, the University of Louisville Foundation comes under state investigation, and Howard Buffett gives a philanthropic boost to his adopted Illinois hometown. Foundation Investments Saw Solid Gains in 2016 https://www.philanthropy.com/article/Foundation-Investments-Saw/240646 2017-07-14T00:01:00-04:00 The 10-year average still falls below 5 percent, raising concerns about grant makers' ability to meet minimum payout requirements without eating into their endowments. By Megan O’Neil Daily News Roundup: Wider Array of Nonprofits Join Push Against Obamacare Replacement https://www.philanthropy.com/article/Daily-News-Roundup-Wider/240637 2017-07-13T11:24:00-04:00 Nonprofit hospitals and patient-advocacy groups are lobbying wavering Republicans as a vote looms on the Senate health-care measure. Also, charities explore mobile-payments app Venmo as a fundraising tool, and a big-city newspaper teams with GoFundMe to encourage crowdfunding campaigns. Opinion: Donor-Advised-Fund Payout Numbers Don’t Add Up https://www.philanthropy.com/article/Opinion-Donor-Advised-Fund/240631 2017-07-13T08:00:00-04:00 Double counting is common among donor-advised-fund sponsors, and transferring money from one such account to another is considered a donation. By Alan Cantor Daily News Roundup: Knight Foundation Arm Sues Over Trump’s Twitter Blocks https://www.philanthropy.com/article/Daily-News-Roundup-Knight/240609 2017-07-12T09:29:00-04:00 The Knight First Amendment Institute says the president's account is a "public forum" and he violates the free-speech rights of users he prevents from posting responses. Plus, a Philadelphia public broadcaster's executive pay arouses ire, and Melinda Gates slams White House policies on family planning. Daily News Roundup: Annual Warren Buffett Charity Gift Tops $3 Billion https://www.philanthropy.com/article/Daily-News-Roundup-Annual/240590 2017-07-11T09:53:00-04:00 The summertime ritual saw 18.6 million shares of Berkshire Hathaway stock go to the Gates Foundation and four Buffett-family grant makers. Also, a look at how Priscilla Chan is taking the reins at the Chan Zuckerberg Initiative, and a Texas supermarket mogul makes his second major education gift this year. Charities: Don't Forget About the Politicking Ban Just Yet https://www.philanthropy.com/article/Charities-Dont-Forget-About/240573 2017-07-11T08:00:00-04:00 The Johnson Amendment, which prohibits explicitly partisan activity by 501(c)(3) groups, remains the law of the land, despite President Trump’s executive order seeking a curb on enforcement. By Matthew Shell Schwab Charitable Grant Making Tops $1.5 Billion https://www.philanthropy.com/article/Schwab-Charitable-Grant-Making/240574 2017-07-10T15:44:00-04:00 The donor-advised-fund giant reported that its clients increased giving through their accounts by 34 percent in the 12 months ending June 30. By Alex Daniels Daily News Roundup: Red Ink Prompts March of Dimes to Sell Headquarters https://www.philanthropy.com/article/Daily-News-Roundup-Red-Ink/240567 2017-07-10T11:07:00-04:00 The iconic charity put its national office on the market following years of multimillion-dollar losses. Also, Carnegie Medal of Philanthropy winners talk about the roots of their giving, and conservative philanthropy leaders make a case against impact investing. Daily News Roundup: Congress Moves to Restrict IRS Oversight of Nonprofit Politicking https://www.philanthropy.com/article/Daily-News-Roundup-Congress/240554 2017-07-07T09:29:00-04:00 Language in House spending bills would bar the agency from using appropriated funds to scrutinize "dark money" 501(c)(4) groups. Also, how a federal investigation of antiquities imports by Hobby Lobby could affect the new Bible museum backed by the store chain's owners. Daily News Roundup: Finance Titan’s Charity Sues to Recoup $25 Million Fraud Loss https://www.philanthropy.com/article/Daily-News-Roundup-Finance/240544 2017-07-06T09:59:00-04:00 Hedge-fund billionaire Louis Bacon's foundation was ensnared in a Ponzi-like scheme orchestrated by a Wall Street peer. Also, Turkish police detain the head of the country's Amnesty International chapter, and Oscar winners create virtual-reality experiences for charity. Daily News Roundup: Charities Got $200 Million From Suspect in Massive Malaysia Fraud https://www.philanthropy.com/article/Daily-News-Roundup-Charities/240531 2017-07-05T10:29:00-04:00 Also, Leonard Lauder reaffirms his $1 billion art pledge to the Metropolitan Museum of Art amid the institution's organizational upheaval, and the head of the Obama Foundation talks about the postpresidential charity's goals for boosting civic engagement. Daily News Roundup: Colonial Williamsburg Foundation Restructures as Endowment Dwindles https://www.philanthropy.com/article/Daily-News-Roundup-Colonial/240493 2017-06-30T09:54:00-04:00 The operator of the historic Virginia site will shed jobs and outsource operations following steep financial losses. Also, Harvard gets set to overhaul its endowment portfolio, and a jury backs the government's long-running effort to seize a Manhattan skyscraper from an Iran-linked charity. Daily News Roundup: GuideStar Sued Over ‘Hate Group’ Labels https://www.philanthropy.com/article/Daily-News-Roundup-GuideStar/240473 2017-06-29T10:14:00-04:00 Liberty Counsel, a Christian legal nonprofit, said it was defamed by the since-removed tags at the charity tracker's website. Also, two states are looking into Trump lawyer Jay Sekulow's charity operations, and the Kellogg Foundation commits $24 million to organizations battling racism. Nonprofit Investors Bearish Amid Soft Returns, Study Finds https://www.philanthropy.com/article/Nonprofit-Investors-Bearish/240462 2017-06-28T10:52:00-04:00 Low interest rates and sluggish endowment growth have many organizations looking to reallocate their assets or cut back on spending, according to a recent survey. By Alex Daniels Daily News Roundup: Trump Lawyer and His Family Got Millions From His Nonprofit https://www.philanthropy.com/article/Daily-News-Roundup-Trump/240458 2017-06-28T10:16:00-04:00 A media report details the financial dealings of Trump defense attorney Jay Sekulow's Christian charity network. Also, Los Angeles lawmakers approve George Lucas's plan to build his $1 billion museum in the city, and the internet gets it wrong on Mitch McConnell's childhood polio treatment. Daily News Roundup: Supreme Court Rules Church Can Get Government Grant https://www.philanthropy.com/article/Daily-News-Roundup-Supreme/240446 2017-06-27T09:43:00-04:00 School-choice advocates said the decision, which concerned a state program to help nonprofits renovate playgrounds, bolsters their call for taxpayer-funded private-school vouchers. Also, Blackbaud makes a big move into crowdfunding, and a charity backed by big tech bucks works to get coding into classrooms. Fidelity Charitable Account Holders Gave $3.5 Billion in 2016 https://www.philanthropy.com/article/Fidelity-Charitable-Account/240444 2017-06-27T00:00:00-04:00 That’s nearly 13 percent more than was given to charity the year before. By Alex Daniels Daily News Roundup: Staff Walkout Roils Colo. Art Museum https://www.philanthropy.com/article/Daily-News-Roundup-Staff/240406 2017-06-21T09:22:00-04:00 Former employees allege abusive labor practices at the Boulder Museum of Contemporary Art, which said the charges were investigated and refuted. Also, the Barr Foundation expands its board beyond its inner circle, and a planned-giving consultant offers advice on how nonprofits and financial advisers can cooperate. Daily News Roundup: Tight Ga. House Race Resurrects Komen-Planned Parenthood Flap https://www.philanthropy.com/article/Daily-News-Roundup-Tight-Ga/240395 2017-06-20T09:42:00-04:00 The Democratic candidate in the bellwether special election is highlighting his GOP rival's role as a Susan G. Komen executive when the cancer charity briefly cut off grants to Planned Parenthood. Also, commentaries on the implications of megagiving and Jeff Bezos's philanthropic plans. Survey Paints Grim Picture of Program Assessment at Charities and Foundations https://www.philanthropy.com/article/Survey-Paints-Grim-Picture-of/240396 2017-06-20T09:00:00-04:00 Nonprofits lack the knowledge needed to assess the results of their work, program officers say, and the foundations that fund them aren’t much better at it. By Rebecca Koenig Daily News Roundup: Calif. to Counter Trump Health Cuts With $20 Million for Clinics https://www.philanthropy.com/article/Daily-News-Roundup-Calif-to/240388 2017-06-19T10:09:00-04:00 The state grant program aims to shore up community and Planned Parenthood clinics facing potental shortfalls. Plus, a philanthropy consultant critiques Jeff Bezos's Twitter call for giving advice, and New York State shuts down a cancer charity investigators say was effectively run by a commercial fundraiser. Daily News Roundup: Congressional Ballgame Raises $1 Million for D.C. Charities https://www.philanthropy.com/article/Daily-News-Roundup-/240364 2017-06-16T09:03:00-04:00 Proceeds from the annual benefit more than doubled last year's total as ticket sales skyrocketed in the wake of the gun attack on Republican lawmakers at a practice field. Also, Illinois nonprofits lose a round in court in their battle to secure state payments held up by a budget impasse. Daily News Roundup: Congressional Charity Ballgame to Go On https://www.philanthropy.com/article/Daily-News-Roundup-/240349 2017-06-15T09:27:00-04:00 Lawmakers will take the field as scheduled tonight to raise money for D.C. charities, despite Wednesday's gun attack on a Republican congressional baseball team at a pregame practice. Also, Harvard's president announces her exit, and San Diego takes the crown in Charity Navigator's ranking of big-city nonprofit communities. Endowment Managers Still Upbeat on Economy, Survey Says https://www.philanthropy.com/article/Endowment-Managers-Still/240303 2017-06-13T08:00:00-04:00 Asset managers expect stock-market returns of up to 10 percent in 2017, according to the first-quarter report by NEPC. By Heather Joslyn Daily News Roundup: $100 Million Art Sale Backs Criminal-Justice Fund https://www.philanthropy.com/article/Daily-News-Roundup-100/240316 2017-06-12T11:20:00-04:00 Also, the Gates Foundation and Rotary International spearhead $1.2 billion in new fundraising for the push to eradicate polio, and Warren Buffett's annual auction of a lunch date fetches $2.68 million for a San Francisco social-service charity. Daily News Roundup: Controversial Congressman's Naming Gift Draws Fire at N.J. University https://www.philanthropy.com/article/Daily-News-Roundup-/240291 2017-06-08T09:54:00-04:00 Montana Rep. Greg Gianforte's alleged assault of a reporter last month heightens ongoing protests over the Stevens Institute of Technology's plan to name a building after him. Also, City University of New York looks to rein in nonprofit fundraising affiliates that have come under legal scrutiny. Daily News Roundup: Trump Business Reaped Revenue From Eric Trump Charity Events https://www.philanthropy.com/article/Daily-News-Roundup-Trump/240278 2017-06-07T10:27:00-04:00 The president's company reportedly billed his son's foundation for hundreds of thousands of dollars for fundraising golf tournaments held at a Trump course. Also, charities could see as much as $700 million from a 2018 auction of David Rockefeller's art collection. Opinion: How a Nonprofit Survived a Heinous Attack and Embezzlement https://www.philanthropy.com/article/Opinion-How-a-Nonprofit/240231 2017-06-06T15:15:00-04:00 The successful relaunch of New York City’s Healing Arts Initiative shows the roles donors, volunteers, and others can play in lifting a troubled nonprofit out of bankruptcy. By John MacIntosh