Democratic members of the Senate Finance Committee want the Internal Revenue Service to investigate whether nonprofit advocacy groups are violating rules limiting their political spending, The New York Times and The Wall Street Journal write.
The Mexican telecommunications magnate Carlos Slim, the world’s richest man, said Wednesday that his money would be better spent on projects that create jobs than on charity, according to Bloomberg.
The writer and producer David Simon, the main creative force behind the acclaimed television series The Wire and Treme, told The Baltimore Sun he might give his $500,000 MacArthur Foundation fellowship to charity.
Improving the performance of school principals will be the focus of the first project undertaken by the George W. Bush Institute, writes the Associated Press.
The Bill & Melinda Gates Foundation and the National League of Cities announced Monday a $12-million effort to raise college-graduation rates among low-income and minority students in four communities, reports the Associated Press.
Proceeds from British charities’ gaming events have jumped by nearly 40 percent over five years thanks to looser regulation and new media, Third Sector Online reports.
Investments by Stanford University, America’s third-wealthiest college, increased in value by 14.4 percent in the last fiscal year, outperforming the two institutions ahead of it in the wealth standings, says Bloomberg.
The renowned tenor Placido Domingo is leaving the Washington National Opera, telling the opera’s board Monday that he will not renew his contract as general director when it expires in June, reports The Washington Post.
The communications conglomerate Comcast is urging charities it has supported to write favorable letters to federal regulators as the company bids to buy NBC, The New York Times reports.
Three Los Angeles philanthropists provided a $700,000 cash infusion to rescue one of the country’s biggest charter-school organizations from the brink of insolvency, the Los Angeles Times writes.
Jimi Heselden, a British entrepreneur who gave millions of dollars to veterans’ causes and organizations in his hometown of Leeds, was found dead Sunday following an apparent accident involving one of the motorized Segway scooters his company sold, the Yorkshire Post writes.
Houses of worship are reeling from a drop in donations that experts say has deeper roots than the current economic downturn, according to The New York Times.
A foundation that lost millions of dollars in Bernard Madoff’s Ponzi scheme has sued the Securities and Exchange Commission, charging the regulatory agency with negligence for failing to uncover the multibillion-dollar fraud, Bloomberg and the Associated Press write.
Newark, N.J., Mayor Cory Booker was expected to announced Monday he has raised $40-million toward matching last week’s $100-million pledge from Mark Zuckerberg, a founder of Facebook, to help the city’s troubled school system, says The Wall Street Journal.
Yale University’s endowment reported an 8.9-percent gain in the value of its assets for the year ending June 30, earning less than many other colleges and major institutional investors, says The New York Times.
In the Arts: Massive N.Y. Venue Set to Open for Performances; D.C.’s Arena Stage Gets $135-Million Makeover
New York’s newest stage, the 55,000-foot Drill Hall at the Park Avenue Armory, opens for performances next month as part of a $200-million conversion from warehouse to performance venue, The New York Times says.
Four Massachusetts philanthropies have started a five-year, $1.7-million program to help local charities work together more closely, writes The Boston Globe.
The investor Mario Gabelli has pledged $25-million to his alma mater, Fordham University, The Wall Street Journal reports.
A fledgling international health project backed by the world’s richest man, the Mexican telecommunications mogul Carlos Slim, has scaled back its original goal of covering all of Latin America, writes The Seattle Times.