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From: Philanthropy Today
Subject: Ultra-Wealthy Donors Are Spending Big on Elections
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Billionaire Michael Bloomberg’s $140 million-plus effort to get more low-income students into top colleges has so far come up short. Over the past decade, Bloomberg Philanthropies has worked with a remote college-counseling service and a group of college presidents who lead schools with high graduation rates. But many students recruited for the online counseling did not sign on. And the college presidents’ group fell far short of its goal of attracting 50,000 more low-income students to their campuses, partly because many did not initially commit to specific changes in their admissions or financial aid policies. Bloomberg Philanthropies has shifted its focus to first-generation college students and “expanding an advising model that employs current college students.” (Wall Street Journal — subscription)
Background from the Chronicle: Michael Bloomberg on the Philanthropy 50 list
Prosecutors in Georgia have dropped all 15 counts of money laundering against three activists opposing a major new police training facility outside Atlanta. Prosecutors had said the three defendants had illegally funneled money through a bail fund, which was supposed to be used for charitable purposes, to reimburse protesters in an encampment. The trio, along with 58 others, still face racketeering charges, as prosecutors argue the “Stop Cop City” protests are a violent movement led by “militant anarchists.” (Associated Press)
Background from the Chronicle: Anger, Protests, and Vandalism Break Out Over Philanthropy’s Support of the Police
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