A writer for Businessweek uncovered a nest of very low profile donors of hundreds of millions of dollars, operating behind layers of companies, lawyers, and philanthropic advisors. Is the use of millions or billions in money that would otherwise be in the public domain by private individuals with little or no public review a good practice?
The Bake Sale Thing, Updated: Kindergarten Teachers and the $147M House
Next time we bemoan the state of education in this country, we might do well to remember that the top four hedge fund managers make more between them than the almost 158,000 kindergarten teachers that teach our children.
For-Profit College Changes Tax Status, But Not Necessarily Its Practices
Last year, we noted that some for-profit colleges were looking to change their tax status. Here, a for-profit college that recently converted to nonprofit is being sued by the Department of Justice for unscrupulous recruitment practices.
Widespread Problems of Ethics/Accountability in Private Equity Industry
Do you think that nonprofits have a problem with accountability and ethics? Some small sliver of the more than one million nonprofits certainly does, but that hardly compares to the one-half of private equity firms that were found by the SEC to be charging illegal fees, falling short of mandated material controls, and lacking sufficient transparency and equity—even to their own investors.
Fight Between Norton Healthcare and Kosair Charities Gets Ugly
Kosair once operated its own children’s hospital, but closed it in 1982 to help establish the Kosair Children’s Hospital to be managed by Norton Healthcare. An agreement about how donations were to be used was struck at that time, but now a fight between Kosair and Norton has gone public, with Kosair charities alleging that Norton is not sticking to the terms.
CA Nonprofit Gets Involved in the Debate over Cell Phone Kill Switches
It’s unclear how the proposal impacts domestic violence victims, but an agency has waded into a fight over a bill in the California legislature, much to observers’ confusion.
2014 M+R/NTEN Benchmark Study: Trend Findings for Fundraising and Advocacy
Some very interesting online response trends are reflected in the latest M+R/NTEN Benchmark Study. If you do online fundraising or advocacy, this is a must-read.
Community Foundations Score BIG with Give Local Day on May 6th
On May 6th, community foundations all over the country energetically sponsored Giving Days, with proceeds going to local nonprofits. As a centennial celebration of the founding of the first community foundation, it was exactly the right thing at the right time!
Insurance CEO Fired after Obamacare Exchange Losses: A Cautionary Tale for Social Entrepreneurs
Blue Cross Blue Shield of North Dakota fired its CEO after a for-profit subsidiary lost more than $50 million programming Maryland’s failed insurance exchange.
Judge Orders Rapist to Do Community Service at Rape Crisis Center
When a judge orders a defendant to do community service at a nonprofit or make a donation as a condition of probation, there are some ethical and common-sense considerations that need to be applied.
French Nonprofit Provides Refuge for Journalists in Danger
The nonprofit/nongovernmental sector contains some brilliant jewels of response to governmental or market failure. Maison des Journalists certainly falls into that category.
Special Permits for Day Centers Serving Poor People Required in Lexington KY
Can a city regulate land uses not by virtue of the specific use, but because of the income level of the people who might be involved? Lexington, Kentucky is pushing the idea of requiring special permitting for day centers that serve poor people and homeless persons.