As universities and foundations all over the country are faced with challenges to their fossil fuel investments, it’s worth standing back to think about what such campaigns actually accomplish when they work.
5 Questions about Divestment Strategies as Fossil Fuels Take Center Stage
Southern Californians were familiar with Donald Sterling’s full-page ads touting his generosity toward local nonprofits, but the numbers say he was not nearly as generous as he claimed.
Even in social enterprise, the successes of some important ventures, such as the clean energy programs of Off Grid Electric in Tanzania and Mera Gao Power in India, are due not just to the profit motivations and social missions of investors, but the subsidies and guarantees provided by government and philanthropy.
The Detroit Institute of Arts has asked a federal bankruptcy judge to block creditors from physically removing thousands of works from the museum’s walls to determine their value in the city’s Chapter 9 bankruptcy. The Institute opposes the move as a threat to the delicate works. Is it a precursor to divesting the collection, piece by piece?
In Fiscal Year 2014, D.C. Mayor Vincent Gray created a $15 million fund for nonprofits to be administered by the local community foundation. Now that he’s on his way out of office, having been decisively rejected by DC voters in the Democratic primary, Gray is reneging on the FY2015 allocation because the city needs the cash for other purposes.
L.A. Clippers owner Donald Sterling now says he isn’t a racist and he loves the black people who play for his NBA basketball team and rent his apartments—but he seems to really dislike basketball great Earvin “Magic” Johnson.
One Fund Boston, which formed one day after the Boston marathon attack in 2013, just announced that it would distribute an additional $18 million to the victims of the Marathon bombings on top of the $61 million already disbursed. This makes the effort an unprecedented public response to such an event.
One year later, Lois Lerner’s admissions about IRS targeting of conservative groups’ applications for tax exemption are roiling Washington with no resolution in sight. Not surprisingly, the issue has become political, with neither Republicans nor Democrats distinguishing themselves.
Access to healthcare in rural areas is challenged by several factors: a declining number of rural hospitals due to financial challenges in Medicare and Medicaid, a limited number of doctors willing to work in rural areas, and the high and increasing rates of poverty in many rural counties.
Carolina Public Press received nonprofit status from the IRS, continuing an accelerating national trend.