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Higher Ed Endowments Continue Strong Gains...

College and university endowments returned an average 8.2 percent in 2018, down from 12.2 percent in the previous year, according to the latest annual survey by the National Association of College and University Business Officers (NACUBO) and Teachers Insurance and Annuity Association of America (TIAA). The 2018 NACUBO-TIAA Study of Endowments (NTSE) spans July 2017 […]

Newseum Sells Building To Hopkins, Seeks New Home...

After years of financial challenges for the Newseum, the Freedom Forum has agreed to sell the Washington, D.C., museum’s building for $372.5 million to Johns Hopkins University. The deal is subject to all necessary regulatory approvals and the Newseum plans to remain open to the public through 2019 as it seeks a new home. The sale […]

Humane Society Picks New CEO After Upheaval...

The Humane Society of the United States (HSUS) has a new leader, new board co-chairs, and continues work on its bylaws and updated governance principles roughly a year after its chief executive was pushed out amid complaints about workplace sexual harassment. Kitty Block, an attorney, has been acting chief executive. The acting title has been […]

Foundations, Estates Expected To Fuel Rise In Philanthropy...

Charitable giving should grow during the next two years, powered by giving from foundations and estates, according to a new study. Total giving is expected to grow by 3.4 percent and 4.1 percent, respectively, for 2019 and 2020, according to The Philanthropy Outlook 2019 & 2020. The report, released today, is researched and written by […]

National Service Champion Harris Wofford Dies...

Harris L. Wofford, who marched with Martin Luther King, Jr., helped create the Peace Corps and ran the Corporation for National and Community Service (CNCS), died yesterday at the age of 92. He was an advisor to President John F. Kennedy on civil rights and a freshman senator named Barack Obama was assigned his old […]

Federal Shutdown Has Nonprofits Opening Services...

The partial federal government shutdown became the longest in history over the weekend with hundreds of thousands of “non-essential” federal employees furloughed. Nonprofits have responded in various ways, including setting up food pantries for Transportation Security Administration (TSA) agents, who are working without pay. The biggest impact is likely felt in the Washington, D.C. area. […]

Postal Report Pitches Eliminating Nonprofit Price Caps...

A presidential task force has recommended doing away with price caps on mail products, among a number of suggestions included in a report to put the United States Postal Service (USPS) on better financial footing. The USPS has lost $69 billion over the past decade as mail volume and revenues continued to decline. Currently, the […]

Disabled Vet Launches Border Wall Nonprofit...

A combat-disabled U.S. Air Force veteran who started a GoFundMe page to help fund building the border wall now the center of a partial government shutdown wants to shift that cash to a nonprofit with the same purpose. The new nonprofit is called We Build The Wall Inc. Information on whether paperwork has been filed […]

Loose Nonprofit Network Feeds Hungry, Testing Business Models...

On-the-job training is a standard in the restaurant business. The challenge for Jeff Williams at the Taste Project, a nonprofit restaurant in Fort Worth, Texas, is that 80 percent of those working on a day-to-day basis are volunteers. The gauntlet is “retraining 30 to 40 percent of the staff every day,” he said. Taste Project […]

Nonprofit Comp Target Of New IRS Interim Guidance...

The partial federal government shutdown, which includes the U.S. Department of Treasury and the Internal Revenue Service (IRS), did not stop the IRS from issuing interim guidance on compensation of nonprofit employees and when an organization can get hit with penalties. The interim guidance targets Section 4960(a) of the Internal Revenue Service Code. The IRS […]