Habitat for Humanity has launched a $100 million fundraising campaign, the proceeds of which will go to help more than 6,000 families affected by hurricanes Harvey, Irma and Maria. "We're in the midst of one of the largest housing disasters we have ever experienced in the United States," said Jonathan Reckford, CEO of Habitat for Humanity International.
The proposed blueprint for tax reform could cost the nonprofit sector millions of dollars in lost charitable contributions -- an issue that could be greatly reduced by the adoption of the Interest for Others Act of 2017, write William Dolan and John James of the Interest for Others Foundation. If approved, the measure would allow taxpayers to exclude up to $50 of taxable "dormant" interest and dividend income, per bank account, given to charity.
About 40% of people in the US have no philanthropic history and can't be counted as potential donors due to their lack of assets, according to Blackbaud's Target Analytics. The report also found that donors who gave more over the course of their lifetime were also more likely to be highly educated, married and have a higher net worth.
Vertex Pharmaceuticals in Boston will form a new nonprofit called The Vertex Foundation and invest $500 million in philanthropy over the next 10 years. The company said the pledge would support education, community programming and patient and caregiver services.
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General Motors has donated $5 million to The Henry Ford museum in Dearborn, Mich., to support its Gallery by General Motors exhibit and future innovation. "[T]he museum is a celebration of American innovation, particularly in the transportation space, and you can't tell that story without General Motors and Ford together," said GM executive Mark Reuss, a museum board member.
Leaders can't build a great team unless they are willing to delegate, solicit ideas and thank people for them, and let people take action on those ideas, writes Joel Garfinkle. "Employees rally around leaders who allow them to learn through doing and raise them up when they've done well," he writes.
Philanthropist and billionaire investor George Soros has transferred $18 billion to his Open Society Foundations, making it the second largest nonprofit in the US in terms of assets, according to National Philanthropic Trust figures. The organization focuses on economic governance, justice reform, equality and seven other themes.
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Make no little plans; they have no magic to stir men's blood. ... Make big plans; aim high in hope and work.
Daniel Burnham, architect and urban designer
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