Opinion: Nonprofits and the People They Serve Lose Big in Tax Overhaul Bills

The loss of incentives to give, coupled with changes in education and health care are bad enough. Add the politicizing of charities and the meddling in nonprofit affairs and it’s a disaster.

from The Chronicle of Philanthropy https://www.philanthropy.com/article/Opinion-Nonprofitsthe/241775


Daily Update: Justice Dept. Considers Clinton Foundation Inquiry

Also, AIDS activists want designer Kenneth Cole to step down as amfAR board chair over his controversial deal with Harvey Weinstein; the University of Louisville may sue its own foundation over excessive spending; the veterans charity VietNow is being dissolved over “egregious fraud”; plus more news.

from The Chronicle of Philanthropy https://www.philanthropy.com/article/Daily-Update-Justice-Dept/241760

Daily News Roundup: Higher Education to Fight GOP Tax Proposal on Endowments

Also, more than 400 millionaires tell Congress not to raise their taxes; several orchestras have received eight-figure contributions; Charles Koch is making major gifts to foreign-policy programs at universities; a new study analyzes the attributes of the new philanthropist; and much more.

from The Chronicle of Philanthropy https://www.philanthropy.com/article/Daily-News-Roundup-Higher/241751

Daily News Roundup: Universities Use Offshore Accounts to Hide Controversial Investments

Leaked documents from a Bermuda law firm reveal how U.S. institutions like Indiana University and Texas Christian University used “blocker corporations” to quietly invest millions of dollars in fossil fuels. In other news, nonprofits show glaring holes in preparedness for cyber-attacks, and a look at how the Republican tax cut plan would hamper the efforts of college major-gift fundraisers who work with athletic boosters.

from The Chronicle of Philanthropy https://www.philanthropy.com/article/Daily-News-Roundup-/241725

Opinion: As Attacks on Social-Justice Groups Rise in the Trump Era, Foundations Must Show Courage

Donors to nonprofits are now facing public scrutiny, making it more important than ever that grant makers help grass-roots charities and other prepare to handle crisis communications.

from The Chronicle of Philanthropy https://www.philanthropy.com/article/Opinion-As-Attacks-on/241719

Daily News Roundup: How the Rich Stash Charitable and Other Assets Offshore

In other news and features, a report on affluent people who leave their “wealth bubble” to help in other neighborhoods; the GOP proposes ending tax exemptions on private-activity bonds, which provide tax-free borrowing for large hospitals and universities; a troubled Massachusetts museum plans to sell Norman Rockwell paintings over the objections of the late artist’s sons; and much more.

from The Chronicle of Philanthropy https://www.philanthropy.com/article/Daily-News-Roundup-How-the/241704