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Boston University said Tuesday that its initial inquiry into the antiracist research center run by best-selling author and academic Ibram X. Kendi found no issues with how it managed its finances. The university launched the inquiry into the financials of the BU Center for Antiracist Research, or CAR, in September, after acknowledging the organization was laying off about half of its staff and changing its operating model. The center has raised more than $50 million, with $30 million of that put into an endowment, the university said. The university's inquiry will continue, now focusing on the center's management of grants from outside funders, including the extent to which it complied with required reporting. The university's inquiry and finding announced Tuesday aimed to address those questions, though the university declined a request to share the audit.

Persons: Kendi, Gary Nicksa, ”, George Floyd, ” Kendi, Korn, “ I’ve, Earl Lewis, Andrew W, Lewis, “, ’ ” Lewis Organizations: Boston University, BU Center, Antiracist Research, Associated Press, BU, Mellon Foundation, University of Michigan Center for Social Solutions, Associated, Lilly Endowment Inc, AP Locations: Minneapolis, “

☆ MrBeast: American YouTuber builds 100 wells in Africa, attracting praise – and some criticism
▼ + stars: | 2023-11-06 | by ( Manav Tanneeru | Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —American YouTuber MrBeast’s latest video, in which he says he built 100 wells across Africa, has drawn a complex response online since it was published on Saturday. Some Kenyan activists and journalists said he has spotlighted the failures of the Kenyan government, while MrBeast, whose real name is Jimmy Donaldson, anticipates that he will be “canceled” following the reaction. The new wells will provide clean drinking water for up to 500,000 people in Cameroon, Kenya, Somalia, Uganda and Zimbabwe, Donaldson said, while an accompanying fundraiser to support local water aid organizations had raised more than $300,000 by Monday morning. Donaldson is the most popular individual creator on YouTube, with more than 200 million subscribers. He has become known for his philanthropy, posting videos in which he sponsored 1,000 blind people’s cataract surgery and bought prosthetic limbs for 2,000 amputees.

Persons: MrBeast, Jimmy Donaldson, Donaldson, Boniface Mwangi, Ferdinand Omondi, ”, I’m, Francis Gaitho Organizations: CNN, Kenyan, ” CNN, YouTube Locations: Africa, Cameroon, Kenya, Somalia, Uganda, Zimbabwe

NEW YORK (AP) — Jeff Bezos is leaving Seattle, where the billionaire founded Amazon out of a garage nearly three decades ago. Seattle has been Bezos' home since 1994, when he started Amazon out of his garage. Thursday's Instagram post includes a brief video tour led by Bezos of Amazon's first, humble office, with his father behind the camera. Bezos stepped down as CEO of Amazon in early 2021, citing the desire to devote more time to philanthropy and other projects. But Bezos still has broad influence over Amazon as executive chair and the company's biggest shareholder.

Persons: Jeff Bezos, Lauren Sánchez, Bezos, ” Bezos, he's, Tom Brady, Ivanka Trump, Jared Kushner Organizations: Bezos, Miami —, Amazon, Bloomberg News Locations: Seattle, Cape Canaveral . Miami, Cape Canaveral, Miami, South, Indian

NEW YORK (AP) — Charlize Theron remembers the moment her role in philanthropy clicked into place. “We heard them say, ‘We know what to do, but we just need the resources to do it,’” Theron said Thursday at the Town & Country Philanthropy Summit in Manhattan. It's a strategy that resonated throughout the Town & Country Philanthropy Summit, which celebrated its 10th anniversary Thursday. “Philanthropy, for me, comes down to a very simple question: ‘What can I do?’,” said Stellene Volandes, Town & Country's editor in chief. The reason declines are not more severe is because wealthier Americans, like those who read Town & Country magazine.

Persons: — Charlize Theron, “, ’ ” Theron, Theron, ” Theron, ”, Stellene, Volandes, ” “, Who’s, aren’t, Arnold Schwarzenegger, “ I'm, Darren Walker, Martin Luther King Jr, ” Walker, Una Osili, Indiana University Lilly, ” Osili, “ It's Organizations: Country, Outreach Project, Associated Press, Country Philanthropy Summit, Philanthropy Summit, Former California Gov, Republican, ” Ford, of America, Philanthropy, Research, Indiana University, Indiana University Lilly Family School of Philanthropy, Outreach, Lilly Endowment Inc, AP Locations: South Africa, Manhattan, Town

Summer Science Program, a nonprofit with an annual budget of about $2 million, sent about 200 high school juniors to six-week intensive research courses at universities this year. Summer Science Program learned last year that one of its alumni, Franklin Antonio, a co-founder of chipmaker Qualcomm, had granted the organization 20% of his estate, said CEO Frank Steslow. The program intends to double the number of students enrolled next summer to more than 400 and increased its annual budget to over $7 million. Summer Science Program has already received a first payment of $65 million, and the funds are unrestricted. But he added, “it seems unusual at first until you realize that the organization itself is almost like a gift restriction, because they’re very specific in what they do,” referring to Summer Science Program.

Persons: Franklin Antonio, Frank Steslow, ” Steslow, Antonio, Steslow, MacKenzie Scott, Jeff Bezos, Scott, Gabrielle Fitzgerald, Fitzgerald, Russell James, ” James, James, Joan B Organizations: Science, Science Program, Qualcomm, Indiana University ,, Indiana University , Bloomington , New Mexico State University, Las, University of Colorado, Panorama, Global's, Texas Tech University, Salvation Army, National Public, Lilly Endowment Inc, AP Locations: Indiana University , Bloomington , New, Las Cruces, University of Colorado Boulder

Miriam Adelson listens to Republican U.S. presidential candidate and former U.S. President Donald J. Trump during the Republican Jewish Coalition Annual Leadership Summit in Las Vegas, Nevada, U.S. October 28, 2023. The previously unreported meeting during a gathering of Republican Jewish donors is likely a positive sign for Haley given Adelson's status as one of the pre-eminent Republican donors. Israeli-born Adelson also met with Trump in Las Vegas over the weekend. It was not immediately clear what other presidential candidates, if any, Adelson met. Sheldon Adelson, who died in 2021, headed the casino company Las Vegas Sands Corp (LVS.N).

Persons: Miriam Adelson, Donald J, Steve Marcus, Nikki Haley, Haley, Adelson, Sheldon Adelson, Ron DeSantis, Jan, Joe Biden, DeSantis, Alexandra Ulmer, Ross Colvin, Rod Nickel Organizations: Republican U.S, Trump, Republican Jewish Coalition, Leadership, REUTERS, Casino, Florida, Republican, Democratic, Forbes, Center for Responsive, Vegas Sands Corp, Thomson Locations: Las Vegas , Nevada, U.S, Las Vegas, Iowa, Israel

☆ Walmart pledges $1 million aid for Israel victims
▼ + stars: | 2023-11-01 | by ( Siddharth Cavale | ) www.reuters.com time to read: +2 min

NEW YORK, Nov 1 (Reuters) - Walmart Foundation, the philanthropy arm of the U.S. retailer, has pledged $1 million to an Israeli disaster relief and emergency medical service organization. UBS , Goldman Sachs (GS.N) and Jefferies are among companies to have pledged aid to Israel. As the Israel-Hamas conflict intensifies, others, including billionaire Elon Musk, are providing aid in the Middle East in other ways. Walmart does not operate stores in Israel, but employs 171 people in the country who work for its tech arm Walmart Global Tech, its Walmart U.S. operations and its Flipkart business in India. Walmart said its donation follows a $1 million grant the Walmart Foundation pledged to the U.S.

Persons: Goldman Sachs, Jefferies, Magen David Adom, Ofer Saban, Elon Musk, SpaceX's, Saban, Siddharth Cavale Organizations: Walmart Foundation, UBS, Walmart, Walmart Global Tech, Walmart U.S, . Holocaust Museum, Thomson Locations: U.S, Jerusalem, Israel, Gaza, India, New York

☆ King Charles to attend COP28 climate talks in Dubai and deliver address
▼ + stars: | 2023-11-01 | by ( Lauren Said-Moorhouse | ) edition.cnn.com time to read: +3 min

London CNN —King Charles III will attend the UN’s COP28 climate summit in Dubai this year and deliver an address at the opening ceremony, Buckingham Palace said Wednesday. CNN understood at the time that, following consultations with the government, it was jointly agreed that the climate summit wasn’t the right occasion for the King’s first trip overseas as sovereign. Few world leaders have confirmed their attendance at the talks. The 74-year-old King will give his address on December 1, and also meet with regional leaders, the palace said. King Charles III has been a passionate advocate of environmental and climate causes for at least five decades.

Persons: London CNN — King Charles III, Buckingham, Liz Truss, Joe Biden, Sheikh Mohamed bin Zayed Al Nahyan, Charles, Charles ’, Prince, Wales, King Charles III, Prince of Wales, King, Donald Trump Organizations: CNN’s Royal, London CNN, CNN, United Arab Emirates, COP28 UAE, Government, Business, UN, Charles ’ Sustainable Markets Initiative, Buckingham, Accord Locations: London, Dubai, British, Egypt, Israel, Gaza, UAE, Glasgow, Scotland, Germany, France, Paris

☆ Walmart is at work on a new degree-free message about getting hired at its corporate headquarters
▼ + stars: | 2023-11-01 | by ( Bob Woods | ) www.cnbc.com time to read: +10 min

"In prior years, people would pursue a cybersecurity college degree," Stomski said. At the same time, Wildavsky stressed that being dismissive about the value of a college degree is a mistake. "This is not about getting rid of college degrees," Stomski said, and she added that many of Walmart's corporate jobs will still require them. Examples of Walmart corporate roles that will not require college degrees including positions in operations and merchandising, but Stomski declined to be more specific. In August 2022, Walmart began eliminating around 200 corporate jobs as part of a restructuring effort amid a more challenging economic environment.

Persons: Terra, Stomski, We're, Lorraine Stomski, Julie Gehrki, Ben Wildavsky, Wildavsky, it's, —, OpenAI, We've, Colleen Ammerman, Walmart's Organizations: Walmart, Walmart Inc, Terra Fondriest, Bloomberg, Getty, Target, Southern New Hampshire University, University of Arizona, University of Denver, Google, IBM, Tesla, GM, Accenture, University of Virginia, College, Marines, LinkedIn, Harvard Business School Locations: Bentonville , Arkansas, workforces, U.S, Minnesota

☆ Universal basic income is working — even in red states
▼ + stars: | 2023-10-29 | by ( Michael Venutolo-Mantovani | ) www.businessinsider.com time to read: +14 min

He encourages skeptical taxpayers to look at universal basic income from the same "selfish point of view." Among those who received a basic income in Stockton, California, the unemployment rate dropped by nearly 50%. With more data at hand than theoretical projection, the evidence is overwhelming: Universal basic income is working nearly universally. Promising as these pilot programs are, the chances of a truly universal basic income in America remain remote. As for Tydricka Lewis, basic income afforded her the latitude to start her own nonprofit.

Persons: Tydricka Lewis, she'd, Lewis, North Carolina's, Jack Dorsey, Durham, Dorsey, Mark, Anthony Middleton, Middleton's, it's, Thomas Paine, Huey Long, George McGovern, Andrew Yang, Anna Jefferson, Nick Otto, Jefferson, Middleton, StepUp, UBI, we've, Michael Venutolo, Condé Organizations: North Carolina Central University , Durham, Abt Associates, University of Pennsylvania, Durham's, Excel, KFC, Generation Movement, Durham Bulls, The New York Times, National Geographic, Wired Locations: Durham, North, America, Black, New York City, Denver, Stockton , California, Los Angeles, Baltimore, Columbia, South Carolina, Birmingham , Alabama, Gainesville , Florida, Florida, Gainesville, AFP, Durham County, Washington, Chapel Hill , North Carolina

☆ The life and career of Lululemon founder Chip Wilson
▼ + stars: | 2023-10-27 | by ( Jordan Hart | Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +2 min

Chip Wilson founded Lululemon Athletica Inc. in 1997 after selling his first apparel company. Wilson has lived with a rare muscular disease for over 30 years. AdvertisementAdvertisementLululemon 's billionaire founder Chip Wilson has been the center of both acclaim and controversy. He spends part of his fortune on philanthropy and researching a cure for the rare muscular disease called facioscapulohumeral muscular dystrophy, which he was diagnosed with at 32 years old. Here's everything we know about Wilson's life and career as the founder and former CEO of Lululemon.

Persons: Chip Wilson, Wilson, —, women's Organizations: Lululemon Athletica, Service, Bloomberg

☆ Nita Mukesh Ambani from Asia's richest clan on philanthropy, leadership, sports and family
▼ + stars: | 2023-10-27 | by ( Tanvir Gill | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNita Mukesh Ambani from Asia's richest clan on philanthropy, leadership, sports and familyNita Mukesh Ambani, founder and chairperson of Reliance Foundation, talks about philanthropy, leadership, sports and family in an exclusive interview with CNBC's Tanvir Gill.

Persons: Nita Mukesh Ambani, CNBC's Tanvir Gill Organizations: Reliance Foundation

☆ Kylie Jenner set to launch ‘accessible’ new clothing line
▼ + stars: | 2023-10-26 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +3 min

CNN —Moving beyond cosmetics, skincare and even a Bratz doll line, the youngest Kardashian-Jenner sibling, Kylie Jenner, is expanding her business portfolio with a new clothing line, named Khy, launching November 1. “The whole line is really inspired by my personal wardrobe, and the different moods that I’m in,” Jenner told WSJ. (The biker glam pieces that make up its first collection are in partnership with the Berlin-based fashion brand Namilia.) Courtesy Khy“Kylie’s obviously very aware of what she likes,” Haider Ackermann, the fashion designer behind Jenner’s 2023 Met Gala gown, told WSJ. She’s always been seduced by it.”“Creatively I have such a strong vision of what I want to look like and what I want to do and what I want to wear,” Jenner told WSJ.

Persons: Kardashian, Jenner, Kylie Jenner, it’s, Kendall, ”, Kim, Cass Bird, Khy, ” Jenner, Martin Scorcese, Ed Ruscha, Jerry Lorenzo, Rory Satran, Kylie —, Kris Jenner, Jens, Emma Grede —, Kim Kardashian’s Skims, Kardashian’s, Price, ” Haider Ackermann, Jenner’s, she’s, She’s, “ Organizations: CNN, Givenchy Locations: Paris, Berlin

☆ How Bank of America trains young grads to work with its richest clients
▼ + stars: | 2023-10-26 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

The private bank division, which has $573 billion in client assets, hired 47 analysts this past summer, up 75% from last year. "That's been feedback from years past," said Miller, who oversees talent development for the private bank. Analysts start client-facing work after five weeks of trainingPrivate bank trainees start with a five-week orientation. The last three weeks focus on the operations of the private bank, and executive leaders come in to meet the analysts. For the first rotation, analysts shadow top private bank advisors.

Persons: isn't, Bank of America's Jennifer Loughlin Miller, Miller, John F, headcount, It's Organizations: of America, Bank of America, Bank of America's, Kennedy Presidential Library, Bank of Locations: New York City, Boston

☆ Larry Hogan Withdraws From Harvard Fellowships Over 'Antisemitism' on Campus
▼ + stars: | 2023-10-24 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Larry Hogan is pulling out of two Harvard University fellowship programs. Hogan said this was in response to "dangerous anti-Semitism" that had "taken root" on its campus. AdvertisementAdvertisementFormer Maryland Governor Larry Hogan is the latest prominent figures to cut ties with Harvard, saying he's withdrawing from the university's fellowship programs over what he claims is "dangerous anti-Semitism" on campus. "I cannot condone the dangerous anti-Semitism that has taken root on your campus, especially by more than 30 Harvard student organizations attempting to justify and celebrate Hamas' terrorism against innocent Israeli and American civilians." Gay, the university's president, has made multiple statements condemning Hamas' violence and has stressed that the student groups don't speak for Harvard or its leadership.

Persons: Larry Hogan, Hogan, —, Claudine Gay, Gay, Hauser, Jacinda Ardern, Israel, Bill Ackman, Idan, Batia Ofer, Les Organizations: Maryland Gov, Harvard University, Service, Harvard, Hamas, University, Harvard's Kennedy School of Politics, Chan, of Public Health, Harvard Kennedy School, Kennedy School, New Zealand, Hauser, Republican, Business, Wexner Foundation, Gay, Palestine Solidarity Committee, PSC Locations: Israel, Maryland

☆ New rules prevent colleges from leaving student-loan borrowers with 'shoddy educations' and lots of debt, Biden's Education Department says
▼ + stars: | 2023-10-24 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The Education Department released new rules to protect student-loan borrowers from unaffordable debt. They also require colleges to be upfront with a student on the amount of debt they'll take on for a program. AdvertisementAdvertisementPresident Joe Biden's Education Department finalized rules to hold colleges accountable for loading student-loan borrowers up with unaffordable debt. On Tuesday, the Education Department released its final regulations to strengthen oversight over colleges and enhance protections for student-loan borrowers. "They will help prevent fly-by-night colleges from leaving students and taxpayers holding the bag for shoddy educations," he continued.

Persons: —, Joe Biden's, Education James Kvaal, they're, Kelly McManus, Barack Obama's, Donald Trump, Miguel Cardona Organizations: Education Department, Service, Joe Biden's Education, Education, Arnold Ventures

☆ Donor revolt at Harvard and UPenn over Israel shows big checks often have strings attached
▼ + stars: | 2023-10-24 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

New York CNN —Big money donations are booming at America’s colleges, helping fund higher education for millions of students. The biggest donors often sit on universities’ board of trustees, which governs the university and selects university leadership, priorities and direction. The donor backlash at the University of Pennsylvania and uproar at Harvard University over Israel and Palestine highlight how big donations often come with demands for changes to university policy and politics. The backlash has raised questions about the influence big donors wield and pressure donors may exert over leadership, hiring decisions and academic affairs. Restricted giftsMore donations are coming with strings attached, rather than letting schools spend their donations however they want.

Persons: ’, ”, Cliff Asness, James Finkelstein, David Callahan, George Mason, Nikole Hannah, Jones, Rob Reich, “, Ann Marcus Organizations: New, New York CNN, University of Pennsylvania, Harvard University, Harvard, George Mason University, Faculty Senate Tri, Council, Advancement, “, ”, Aid, Education, Critics, Indiana University, George, Koch Foundation, Yale University, University of North, Chapel, Michigan State, Stanford University, Universities, New York University, NYU’s Steinhardt, of Higher Locations: New York, Israel, Palestine, University of North Carolina, Saudi Arabia, Qatar, Kuwait

NEW YORK (AP) — Palestinian artist Nida Sinnokrot, one of 18 artists receiving the 2023 Soros Arts Fellowships from the Open Society Foundations on Tuesday, says that art provides hope and resilience, even in the midst of war. This year's class of Soros Arts Fellows is the largest since the program launched in 2018. This is the launchpad of something new — a new realm of direct action in the arts.”Molemo Moiloa also plans to incorporate community action in her art project in Johannesburg, South Africa, for her Soros Arts fellowship. “One of the reasons I still feel hope is that there is powerful solidarity around the world that embraces this ethos,” he said. “And that’s what’s so amazing about this year’s (Soros Arts Fellows) and their communities.

Persons: Nida Sinnokrot, “, ”, Sinnokrot, Tatiana Mouarbes, George Soros, Alex — Mouarbes, Jordan Weber, ” “, Weber, ” Molemo Moiloa, Moiloa, Nelson Mandela's, we’ve, it’s, Fellows, Cannupa Hanska Luger, Carolina Caycedo, Chemi, Dalton Paula, Deborah Jack, Kenan Darwich, Sami Rustom, Ixchel Tonāntzin, Martha Atienza, Molemo Moiloa, Mónica de Miranda, Omar Berrada, Rijin Sahakian, Sari Dennise, Yto Barrada Organizations: Open, Massachusetts Institute, Technology’s, Technology, Soros Arts Fellows, Open Society, Culture, Society, Soros Arts, South, Soros, Fehras, Associated, Lilly Endowment Inc, AP Locations: Palestinian, York, ”, Detroit, Johannesburg, South Africa, Israel, Palestine, Guinea, Hidatsa, Lakota, United States, Carolina, Colombia, Puerto Rico, Brazil, St, Maarten, Syria, Germany, Philippines, Portugal, Morocco, Iraq, Mexico

NEW YORK (AP) — To appeal to a new generation of philanthropists, the Brooklyn Community Foundation is ditching the word “foundation” and establishing itself with a new name: Brooklyn Org. “The point isn’t lost on Rainey, who says that no matter what people call it, Brooklyn Org is still a foundation. But she said the new name reflects different practices the foundation has put in place that let residents steer the course of the institution. All of the foundation’s discretionary grantmaking, Rainey says, uses a participatory approach, where residents research and pick nonprofits to receive grants. The AP and the Chronicle receive support from the Lilly Endowment for coverage of philanthropy and nonprofits and are solely responsible for this content.

Persons: Jocelynne Rainey, grantmakers, ’ ”, ”, Edelman, Sruthi Sadhujan, Sadhujan, ” Sadhujan, isn’t, Rainey, Alex Daniels Organizations: Brooklyn Community Foundation, Brooklyn Org, Brooklyn Museum, Brooklyn Academy of Music, Independent Sector, Edelman Data, Intelligence, Ford Foundation, Associated Press, The, AP Locations: Brooklyn

☆ The founder of Lululemon is spending $100 million to try to beat the super rare disease that's destroying his muscles
▼ + stars: | 2023-10-22 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Lululemon founder Chip Wilson is battling FSHD, a rare form of muscular dystrophy. He's investing $100 million into finding a cure through his venture philanthropy fund, Solve FSHD. AdvertisementAdvertisementLululemon founder Chip Wilson has been battling a rare muscular disease for the past several decades, and he's funneling $100 million of his multibillion net worth into finding a cure. Wilson suffers from an even more uncommon form called FSHD2 that impacts just 5% of those with the disease, Bloomberg noted. Solve FSHD did not immediately respond to Insider's request for a comment.

Persons: Chip Wilson, FSHD, He's, Wilson Organizations: Morning, Bloomberg, FSHD Society, China's, Anta, Products, Amer Sports

☆ Opinion: Uncomfortable reality for Biden
▼ + stars: | 2023-10-22 | by ( Richard Galant | ) edition.cnn.com time to read: +18 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. He didn’t live to see the allies’ victory in World War II that year or the conference in San Francisco that month that established the United Nations. But his diplomatic efforts to meet with Arab leaders came undone after a devastating explosion at a hospital in Gaza. Biden himself initially supported the US 2003 war in Iraq only to end up as the president who ordered the US pullout of Afghanistan. “This is the politics that Donald Trump’s rhetoric has wrought among his supporters in the Republican Party,” wrote Avlon.

Persons: Franklin D, Roosevelt, Joe Biden, FDR, “, ” Biden, Steve Breen, GoComics.com Biden, Seth Moulton, ”, David Petraeus, ‘, Petraeus, Moulton, Shmuel Rosner, “ Israel, Biden, David Mark, Donald Trump, Gaza Hani Almadhoun, ” Yasmine Mohammed, Will Heath, Pete Davidson, Dean Obeidallah, Davidson, ” Obeidallah, ” Wadea, Khaled, Wadea’s, Mukesh Kapila, Frida Ghitis, Nicole Hemmer, Michael, Peter Bergen, Israel, ” Bergen, “ Khaled Hroub, ’, ” Hroub, what’s, ” Jim Jordan flunks, Nick Anderson, Jim Jordan, Julian Zelizer, “ Jordan, MAGA, Trump, shutdowns, Jordan, —, ” Zelizer, ” John Avlon, Jake Tapper, Donald Trump’s, Utah Sen, Mitt Romney, Cupp, Bill Bramhall, Trump Sidney Powell, Powell “, Jennifer Rodgers, ” Clay Jones, Kenneth Chesebro, Rudy Giuliani, John Eastman, Jack Smith, Trump’s, Jill Filipovic, “ It’s, …, Don’t, Scott Stantis, David Goldblatt, Amy Bass, Mary Lou Retton, Amy Klein, Glock, homebuyers Holly Thomas, Frasier ’, Richie Hofmann, Lily Gladstone, Leonardo DiCaprio, Niro, DiCaprio, Scorsese, David Grann’s, White, Noah Berlatsky, “ Martin Scorsese, Robert De Niro Organizations: CNN, United Nations, UN, Arab, Marine Corps, Democratic, Twitter, Facebook, Republican, Capitol, United Nations Relief, Works Agency, “, NBC, New York City, World Trade, Chicago, Hamas, Tribune, Trump, Tea Party, Republican Party, GOP, Utah, Republicans, Agency, White Locations: Warm Springs , Georgia, San Francisco, United, United States, Soviet Union, United Kingdom, China, Ukraine, Israel, America, Gaza, What’s, Massachusetts, Iraq, “ Israel, Afghanistan, Iraqi, Najaf, Iran, Lebanon, ”, New, Geneva, Palestinian, Fulton County , Georgia, Hollywood, Oklahoma

A new documentary “Uncharitable,” from “Paris Trout” and “Losing Isaiah” director Stephen Gyllenhaal, wants to change that. For almost twenty years, researchers and nonprofits have warned about the negative consequences of starving nonprofits of general operating expenses, also known as overhead. In part by emphasizing efficiency, those donors continue to pressure nonprofits to decrease their standing costs, using a slightly different vocabulary. Similarly, more donors understand the value of granting unearmarked funds, which allow nonprofits to change plans or simply to invest in their staff or improve their infrastructure or technology. ___Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc.

Persons: Izzy Smith, ” Smith, Isaiah, Stephen Gyllenhaal, Dan Pallotta, Pallotta, Darren Walker, ” Pallotta, ”, “, Michael Thatcher, ” Elizabeth Organizations: Ford Foundation, Urban Institute, Candid, Navigator, Alliance, University of Texas, Associated, Lilly Endowment Inc, AP Locations: The Massachusetts, Dallas

☆ Billionaire investor Leon Cooperman says the S&P 500 won't hit a new high for years – and house prices will probably fall
▼ + stars: | 2023-10-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The billionaire investor said he didn't expect the S&P 500 to hit a fresh high for a long time. Cooperman said a "rolling correction" was underway and house prices were likely to drop. AdvertisementAdvertisementLeon Cooperman said stocks were overpriced, and the S&P 500 wouldn't notch a fresh high for a very long time. AdvertisementAdvertisementA handful of Big Tech names, including Tesla, Nvidia, and Microsoft, have pulled the major indexes higher this year, but excluding the so-called Magnificent Seven, stocks are virtually flat. He said in February that the S&P 500 was likely to bottom around 3,100 points, or 35% below its January 2022 peak.

Persons: Leon Cooperman, Cooperman, —, Jeremy Grantham, John Hussman, Goldman Sachs, Tesla Organizations: Service, Omega Advisors, Big Tech, Nvidia, Microsoft, Wall, Finance, Philanthropy Locations: Bronx

☆ Harvard and UPenn donors are furious. It may have a financial domino effect
▼ + stars: | 2023-10-19 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

Donors often give for specific purposes — facilities, faculty research, technology on campus, athletics, scholarships and financial aid for low-income students. The Wexner Foundation said it’s breaking off ties with Harvard University, alleging the school has been “tiptoeing” over Hamas’ attacks. Lawrence Summers, the former president of Harvard and US Treasury Secretary, has criticized the “morally unconscionable” student statement and Harvard leaders’ response. But he said that financial threats from donors were not the right solution to influencing universities’ positions on these issues. Organizers of the Palestine Writes festival denied that it embraced antisemitism, according to UPenn student newspaper The Daily Pennsylvanian.

Persons: ”, Lee Gardner, Adam Glanzman, Sara Harberson, ” Gardner, “, Indiana University’s, ” Harvard, Harvard “, Leslie Wexner, Abigail, Charles Mostoller, Claudine Gay, Boycott, Lawrence Summers, ” Summers, Jon Huntsman, Marc Rowan, Billionare Ronald Lauder, Susan Abulhawa, ” UPenn, Liz Magill, ” Magill Organizations: New, New York CNN, Harvard University, University of Pennsylvania, Ivy League, Harvard, Higher Education, Philanthropy, Bloomberg, Getty, “ Ivy League, Indiana, Indiana University’s Lilly Family School, “, ”, “ Revenue, Wexner Foundation, Palestinian, College Hall, Israel, Israel Fellows, Wexner, US, CNN, Wall, Daily, University Locations: New York, Israel, UPenn, United States, Philadelphia , Pennsylvania, U.S, “, Palestine, Palestinian

On Monday night in Midtown Manhattan, Neil Patrick Harris, Nicky Hilton Rothschild and Michael Kors danced in their seats, as J. Harrison Ghee, the Broadway actor, sang Aretha Franklin’s classic “Freeway of Love.”Ghee’s performance opened the 17th annual Golden Heart Awards, the major fall fund-raiser for God’s Love We Deliver, an organization that provides medically tailored meals to New Yorkers affected by severe illness, which was founded in 1986 during the AIDS epidemic. “I think that we have to honor, and make noise about, organizations that can cut through the noise and make a difference,” said Mr. Kors, a co-chair of the event and a board member of the organization. The evening honored the Broadway star Ben Platt for excellence in the arts and the actress Scarlett Johansson for philanthropy and activism.

Persons: Neil Patrick Harris, Nicky Hilton Rothschild, Michael Kors, Harrison, Aretha Franklin’s, ”, Kors, Ben Platt, Scarlett Johansson Organizations: Broadway Locations: Midtown Manhattan

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