Education

Feds Deny For-Profit College's Request to Turn Nonprofit
August 12, 2016 at 9:37 am

The government is accusing a for-profit college chain of trying to evade regulations by turning into a nonprofit. The Department of Education denied the application of the Center for Excellence in Higher Education, or CEHE, a Utah-based for-profit college chain with roughly 12,000 students, to convert into a nonprofit school, which in some cases aren’t…

Nonprofit Universities in DC Avoided $111M in Local Taxes Last Year
August 5, 2016 at 9:23 am

If George Washington University were any other employer, it would owe $39 million in property taxes to Washington, D.C., each year. Georgetown University would have to fork over nearly $9 million; American University, $11 million; and Howard University, about $26 million. But as nonprofit organizations, the universities—which control more than $10 billion worth of city…

Opinion: The Most Undervalued Nonprofit Professional
August 1, 2016 at 11:39 am

It’s probably you. Or could be you in the near future. And if not, then definitely some of your friends. I’m talking about the 4 million moms, dads, teachers, community members and other concerned citizens who are currently PTA members that willingly share their precious time with their children’s schools...

Board Chair Withdraws $3M Donation Over Naming Flap
July 22, 2016 at 10:00 am

University of Michigan board chairman Mark Bernstein and his wife will withdraw a $3 million gift slated to help finance a new multicultural center on campus after concerns were raised about naming the building for them. The current multicultural center is named for William Monroe Trotter. It is the only building named for an African…

Penn State Wants Sandusky Charity to Help Pay Abuse Victims
July 21, 2016 at 11:15 am

The latest development comes in a court document the university filed earlier this month, according to the Centre Daily Times. In it, Penn State asked that the insurers of Sandusky's former charity, The Second Mile—which asked to shut down in January and received the judge's OK in March—help foot the victims' settlement costs...

Duke Hits Its $3.25B Fundraising Goal Nearly a Year Early
July 15, 2016 at 9:27 am

Duke University has reached its fundraising goal nearly a year early, hitting the $3.25 billion mark this week. University officials, saying there’s more work to do, emphasized that the “Duke Forward” campaign will continue until the middle of 2017, about the same time that Duke's President Richard Brodhead retires. “We are thrilled to have achieved…

Why Is The Walton Family Foundation Putting Another $250M Into Charter Schools?
July 5, 2016 at 10:08 am

Billionaire sister and brother Alice and Jim Walton have explained last week’s $250 million grant from the Walton Family Foundation to aid in building charter school facilities as a salute to their parents’ emphasis on education. “My parents spent a lot of time with us growing up just enforcing the fact that education is what…

School Discovers $1.5M Gift Was Scam—After Spending Funds
June 9, 2016 at 10:55 am

In November 2015, a mysterious donor identifying himself as Juan Diaz Romero, a self-proclaimed Wall Street financier, delivered a $1.5 million check to the High School for Enterprise, Business and Technology in Brooklyn, New York. The school, understandably ecstatic, sent the check to the Department of Education, which gave the go-ahead for the school to start using the funds. But there was one minor issue. The check was fake...

How Companies Profit Off Education at Nonprofit Schools
June 8, 2016 at 8:00 am

Selling the dream of a college education is big, profitable business. In 2014, four companies that own and run for-profit colleges collected in excess of $1 billion each. To boost their enrollments and profits, many for-profit schools pioneered modern marketing tactics, such as websites that collect information to generate marketing leads, text message follow-ups to…