Philanthropy Today

New York City mayoral candidate Adrienne Adams is proposing the country’s largest guaranteed-income program to help homeless children and young people. The program would help 21,000 people, including small children who are homeless and young adults who are unaccompanied or exiting foster care. Its $430 million price tag would be covered by social impact bonds bought by private investors and other private partnerships, Adams’s campaign said. One in eight of the city’s public-school students is homeless. (New York Times)

Background from the Chronicle: Guaranteed Income Is Sweeping the Nation. Will It Last?

The operation of Boston’s only known community benefits fund is raising ethical questions, as the City Council member whose district it serves faces unrelated charges of wire fraud and theft. Developers have agreed to pay hundreds of thousands of dollars to the fund, set up by constituents of Tania Fernandes Anderson, who says she has no role or influence over its management. Those developments have not yet gotten off the ground, so no contributions have materialized, but accounts differ over whether Fernandes Anderson has steered donations to the organization. An expert on urban politics and policy said the arrangement seems “perilously close” to crossing the line between “a politician aiding her community and pressuring a developer for payments or other concessions.” (Boston Globe)

More News

• More Teens Are Starting Nonprofits. Are They Genuine — Or a College Admissions Hack? (Oregonian)
• Informal Ties With U.S. Philanthropists Like Howard Buffett Firm Despite Shaky U.S.–Ukraine Relations (Associated Press)
• Amid Uncertainty in Refugee Resettlement, Dallas Nonprofit Steps Up to ‘Fill In The Gaps’ (Dallas Morning News)
• Nonprofit Buys Landmark Manhattan Theater After Governor Allocates $3.5 Million (New York Times)
• Abigail Disney: ‘Every Billionaire Who Can’t Live on $999m Is Kind of a Sociopath’ (Guardian)

Trump Targets Museums and Libraries

• Trump Cuts to Humanities Grants Deal Harsh Blow to Ohio Museums, Cultural Institutions (Columbus Dispatch)
• San Antonio Museums Respond to the Latest Round of Federal Funding Cuts (San Antonio Report)
• Trump’s Attack on Libraries, Museums May Have ‘Enormous Impact’ in Texas (Chron.)
• CT Libraries and Museums Are the Latest to Face Federal Cuts (NBC Connecticut)
• Vermont Libraries, Museums Grapple With Uncertain Funding Future (VTDigger)
  
  • Background from the Chronicle: Nonprofits and the Trump Agenda

Opinion

• The N.E.H. Does What Republicans Always Wanted. DOGE Slashed It Anyway. (New York Times)
• This Is Why Conservatives Turned Against Foreign Aid (New York Times)

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