Foundations
September 28, 2015 at 10:23 am
The Bill & Melinda Gates Foundation Trust has sued Brazil's Petrobras to recoup stock losses stemming from a corruption scandal at the state-run oil company. According to a complaint filed late Thursday night in federal court in Manhattan, Petrobras' "pervasive bribery and money laundering scheme" caused the trust and another plaintiff, WGI Emerging Markets Fund…
September 24, 2015 at 9:51 am
A Russian NGO returned a donation worth $159,000 from the Leonardo DiCaprio foundation. The Sakhalin Environment Watch, an environmental protection organization in Russia’s Far East, said it would refuse foreign donations after it had been included in the “foreign agents” category in the NGO register. "At the general meeting, the majority voted in favor of…
September 21, 2015 at 11:23 am
As P.K. Subban walked into the atrium of Montreal Children's Hospital for what would be the most important announcement of his life Wednesday, he looked up in the giant room he was entering and it hit him. Up on the wall, in giant letters, were the words "Atrium P.K. Subban," a recognition of the $10…
September 11, 2015 at 9:53 am
The Portland State University Foundation is trying to put would-be donor John Fitzpatrick behind it after a scandal that led to the Sept. 1 resignations of CEO Françoise Aylmer and chief development officer Kristin Coppola. “The university has had no more nor desires to have any discussions with Mr. Fitzpatrick,” said Portland State University spokesman…
September 4, 2015 at 9:31 am
On July 27, in the wake of the Office of Personnel Management (OPM) data breach, The Daily Signal ran a story titled "How Obama’s Poor Judgment Led to the Chinese Hack of OPM." The Daily Signal, as it happens, is the multimedia news arm of The Heritage Foundation, a conservative think tank based in Washington, D.C. And earlier this week, The Heritage Foundation was hacked...
August 31, 2015 at 10:58 am
The president of Portland State University's fundraising arm and the school's chief development officer are resigning after pursuing a $100 million gift from a self-described billionaire who turned out to be a recently bankrupt bitcoin dealer known for peddling grandiose schemes. Francoise Aylmer will resign as president and CEO of the PSU Foundation, effective Sept.…
August 24, 2015 at 10:47 am
Portland State University administrators hoped to unveil the largest gift in the school's 69-year history Tuesday, a bombshell $100 million anonymous donation. Portland State had invited Gov. Kate Brown and Portland Mayor Charlie Hales to a Tuesday morning news conference announcing the unrestricted contribution by a man described as a former student. The gift would…
August 18, 2015 at 2:15 pm
It’s widely accepted in the world of fundraising that summer can be slow. Funders tune out, travel, spend time with family. In general, giving slows to a crawl. If private foundations can utilize these six easy-to-implement strategies during the remaining weeks of summer, funders will be more likely to maximize the social return on their giving, which is good news for all nonprofits and the causes they champion...
August 7, 2015 at 1:47 pm
Starting Monday, Aug. 10, the Knight Foundation is accepting applications for ideas that engage and enrich the community through the arts in Akron, Ohio. The Knight Arts Challenge will award $1 million in its first year in Akron as part of a $3 million, three-year initiative. The beauty is that anyone can apply—individuals, organizations, students,…
August 6, 2015 at 1:09 pm
When Daniel Snyder started the Original Americans Foundation, the Redskins owner was hoping to earn some goodwill from Native Americans. The foundation makes charitable donations in the form of money, clothing, medicine and other materials. But one South Dakota group declined to accept a check for $25,000 from Snyder's foundation. Ryman LeBeau, a member of the…
