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Foundations Form Mutual-Defense Pact Against Trump Administration Crackdown on Nonprofits

Foundations Form Mutual-Defense Pact Against Trump Administration Crackdown on Nonprofits

Nearly 800 foundations have joined a mutual-defense pact called Unite in Advance, established to counter what they perceive as attacks by the Trump administration on nonprofits. This initiative, spearheaded by John Palfrey, president of the MacArthur Foundation, and Jamie Merisotis, CEO of Lumina Foundation, aims to protect grantmakers' ability to fund causes that may be at odds with the administration's policies. The coalition formed in response to actions such as the cancellation of federal grants for diversity, equity, and inclusion (DEI) efforts and threats to revoke the tax-exempt status of foundations supporting such initiatives. The network operates as a CEO-to-CEO forum for information and resource sharing, and its members have pledged to defend each other's right to fund as they choose, likening it to NATO's Article 5 mutual defense clause. While some members have increased funding to aid nonprofits that lost federal support, critics argue that these efforts have not fully addressed the scale of n...
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GreenLight Fund Cincinnati Secures $5 Million for Next Phase of Community Impact Initiatives

GreenLight Fund Cincinnati Secures $5 Million for Next Phase of Community Impact Initiatives

GreenLight Fund Cincinnati has successfully closed its third fund, GreenLight Cincinnati Fund III, raising $5 million from nearly 60 local philanthropic investors. This new funding represents a 47% increase over its previous fund and will enable the organization to continue its mission of bringing nationally proven, evidence-based programs to Cincinnati to address critical social issues and foster economic mobility. Over the next five years, GreenLight Cincinnati plans to select and invest in four additional programs. Since its launch in 2015, GreenLight Cincinnati has invested in six programs, which have collectively reached nearly 20,000 children and families and leveraged an additional $32.6 million in follow-on funding. Notable returning supporters include John F. Barrett, Chairman, President & CEO of Western & Southern Financial Group, and John and Jen Stein, who have expanded their involvement to a national level.
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BDO USA Highlights Global Shift Towards Continuous Transaction Controls in Tax Compliance

BDO USA Highlights Global Shift Towards Continuous Transaction Controls in Tax Compliance

BDO USA Highlights Global Shift Towards Continuous Transaction Controls in Tax Compliance
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Business Owners Urged to Prioritize Key Financial Reports for Informed Decision-Making

Business Owners Urged to Prioritize Key Financial Reports for Informed Decision-Making

Business Owners Urged to Prioritize Key Financial Reports for Informed Decision-Making
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Understanding Revenue Recognition: A Core Principle for Business Valuation and Financial Health

Understanding Revenue Recognition: A Core Principle for Business Valuation and Financial Health

Understanding Revenue Recognition: A Core Principle for Business Valuation and Financial Health
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Philanthropist Martha Richards Donates $431,000 to Western Massachusetts Arts Endowment

Philanthropist Martha Richards Donates $431,000 to Western Massachusetts Arts Endowment

Philanthropist Martha Richards has donated $431,000 from her Northampton-based nonprofit, WomenArts, to the Community Foundation of Western Massachusetts. This significant contribution aims to bolster the Community Foundation's ValleyCreates arts initiative, which seeks to establish a $5 million endowment by December 2026. The transfer of funds, initiated in 2024, recently received approval from the state attorney general's office. Richards founded WomenArts in 1994, initially as The Fund for Women Artists, focusing on assisting artists with grant writing, fiscal sponsorship, and project production. The donation comes at a crucial time for the arts community, particularly following the National Endowment for the Arts' decision last year to withdraw numerous grants from individual artists and arts organizations. Community Foundation President and CEO Megan Burke highlighted the importance of private philanthropy stepping up to support the arts when federal funding diminishes.
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United Way of Metropolitan Dallas Receives Record $15.5 Million Donation from The Stephens Greth Foundation

United Way of Metropolitan Dallas Receives Record $15.5 Million Donation from The Stephens Greth Foundation

The United Way of Metropolitan Dallas has received its largest donation in its 102-year history, a $15.5 million gift from The Stephens Greth Foundation. This significant contribution will support the United Way's Aspire United 2030 strategic plan, which focuses on improving health, education, and income in North Texas. According to Susan Hoff, United Way of Dallas’ chief strategy and impact officer, these areas are considered the fundamental building blocks of opportunity. The funding will be distributed over a five-year period to various initiatives, including the children's literacy program 'Once Upon a Month' and 'Pathways to Work,' which provides workforce training for young adults. Jennifer Sampson, the long-time CEO of United Way of Dallas, is transitioning to lead The Stephens Greth Foundation, indicating a strategic alignment between the two organizations' philanthropic goals. The donation underscores a commitment to long-term community development and capacity building to address future challenge...
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Trump Administration Considers Targeting Nonprofits with Tax-Exempt Status Revocation

Trump Administration Considers Targeting Nonprofits with Tax-Exempt Status Revocation

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) are reportedly drafting a plan to target foundations and other nonprofit organizations that the Trump Administration disfavors. This plan involves a 'sweeping audit' of organizations accused of operating with a 'substantial illegal purpose,' which could lead to the revocation of their tax-exempt status or the imposition of significant fines. Among the organizations reportedly targeted are Open Society Foundations, Southern Poverty Law Center, Council on American-Islamic Relations, Private Equity Stakeholder Group, and the Service Employees International Union (SEIU). In response, several members of Congress, including Senate Finance Committee Chair Wyden (D-OR) and U.S. Senator Warnock (D-GA), have sent letters to Treasury Secretary Bessent and IRS CEO Bisignano, requesting information about these plans and directing the agencies to preserve all relevant records. The National Council of Nonprofits has stated that using the IRS to ta...
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Kentucky Representative Thomas Massie Pursues Release of Epstein Files

Kentucky Representative Thomas Massie Pursues Release of Epstein Files

Kentucky Representative Thomas Massie has been actively working to reveal the secrets behind the Jeffrey Epstein files. Massie, known for his iconoclastic approach, has made efforts to bring transparency to the information surrounding Epstein. This initiative is part of a broader focus on accountability within the U.S. political landscape. The push for the release of these files comes amidst ongoing public interest and scrutiny regarding the individuals connected to Epstein. Massie's actions highlight a continued effort by some lawmakers to address issues of transparency and potential misconduct, even as other members of the Kentucky congressional delegation face criticism for their perceived lack of action on various fronts. The pursuit of the Epstein files by Representative Massie underscores a commitment to uncovering details related to the case.
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Altaline Capital Management Invests in Risk Regulatory Consulting to Expand Services for U.S. Insurance Regulators

Altaline Capital Management Invests in Risk Regulatory Consulting to Expand Services for U.S. Insurance Regulators

Altaline Capital Management Invests in Risk Regulatory Consulting to Expand Services for U.S. Insurance Regulators
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Doctors Without Borders Seeks Temporary Major Gift Officer for U.S. Operations

Doctors Without Borders Seeks Temporary Major Gift Officer for U.S. Operations

Doctors Without Borders/Médecins Sans Frontières (MSF) USA is actively seeking a Temporary Major Gift Officer for leave coverage. This role is crucial for managing and growing strategic relationships with existing major donors and prospects, specifically individuals contributing over $25,000 annually. The officer will be responsible for qualification, cultivation, stewardship, and solicitation plans for a portfolio of approximately 150 donors, aiming to secure funding for MSF-USA. The position requires close coordination with various MSF personnel to develop compelling proposals aligned with donor preferences and MSF's priority initiatives. Key responsibilities include initiating and managing donor outreach, tracking engagement, maintaining accurate records in the Salesforce CRM database, assisting in regional event production, and conducting preliminary research for donor prospecting. The role emphasizes understanding MSF’s mission, programs, and funding priorities to effectively respond to donor inquirie...
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KKR Accounting Services, LLC Seeks Chief Accounting Officer for Remote Role

KKR Accounting Services, LLC Seeks Chief Accounting Officer for Remote Role

KKR Accounting Services, LLC Seeks Chief Accounting Officer for Remote Role