A free email with news, trends, and opinion articles about the nonprofit world, as well as links to our tools, resources, and webinars. Delivered every weekday. Philanthropy Today subscribers also get a bonus weekly email called Philanthropy Today — The Commons, about how America’s nonprofits and foundations are working to heal the nation’s divides.
From: Philanthropy Today
Subject: Why We Should Ditch the Charitable Tax Deduction (Opinion)
We are unable to fully display the content of this page.
The most likely cause of this is a content blocker on your computer or network.
Please allow access to our site, and then refresh this page. You may then be asked to log in, create an account if you don't already have one, or subscribe.
If you continue to experience issues, please contact us at 571-540-8070 or cophelp@philanthropy.com
Christian aid organizations responding in the aftermath of Hurricane Helene are struggling to cover a disaster area that spreads from Florida’s Gulf Coast to the Appalachians of North Carolina. Some are adjusting their overseas operations and calling in supplies from Canada, while they air-drop supplies to remote areas, set up field hospitals, help clean up, and hand out food. Meanwhile, one Asheville, N.C., nonprofit was handing out necessities before any government aid centers could be set up. After the Asheville Dream Center, the local branch of a national outreach ministry, put out an appeal, the nonprofit Global Empowerment Mission showed up with food, cleaning supplies, tarps, pet food, and water on Sept. 29. (Asheville Citizen Times and Christianity Today)
Harvard University’s $50 billion-plus endowment has long been the largest in higher education, but for two decades its investment returns have lagged almost all of its Ivy League peers, and even most large university funds. It has bought into alternative investments, such as private equity and natural resources, just as their performance stuttered. At the same time, it has paid its top money managers a total of about $800 million. If the endowment’s returns had kept pace with its peer average, it would be about $20 billion larger, according to former Harvard President Lawrence Summers. (Bloomberg— subscription)
More News
Note: In the links in this section, we flag articles that only subscribers can access. But because some journalism outlets offer a limited number of free articles, readers may encounter barriers with other articles we highlight in this roundup.
