Category Archives: News-updates

‘Bunny’ Mellon Estate Sale Brings $218-Million for Charity

An auction of Rachel Lambert Mellon’s vast collection of art, jewelry, furniture, and decorative objects fetched $218-million for a foundation that supports a library at the late Listerine heiress’s Virginia home, writes The New York Times. The Sotheby’s sale was conducted over five days this month, concluding Sunday night, and raised money than double its $100-million estimate.

Ms. Mellon, a philanthropist and horticulturist known as “Bunny,” died in March at the age of 103. Proceeds from the a…

Rockefeller U. to Get $150-Million for Campus Expansion

David Rockefeller has pledged $75-million to the New York City university founded by his grandfather, and the foundation of the late shipping billionaire Stavros Niarchos is matching the gift, according to Forbes. Rockefeller University will use the funds to add several buildings and two acres of property to its 14-acre campus on Manhattan’s East Side.

Mr. Rockefeller, 99, is the only living grandson of oil tycoon John D. Rockefeller, who founded the university in 1901. He and Mr. Niarchos were …

Bern Museum Accepts Bequest of Nazi-Era Art Collection

An art museum in the Swiss capital said Monday that it has agreed to accept a trove of works bequeathed by the son of a Nazi-era art dealer that is believed to include hundreds of pieces looted from Jewish families, The Wall Street Journal and Bloomberg report. Kunstmuseum Bern pledged to cooperate with a German government effort to return works found to have been stolen and to exhibit only those shown to have been legitimately acquired.

The collection of more than 1,400 modernist paintings, pri…

Ethics Group Seeks IRS Inquiry Into Pro-McConnell Ky. Nonprofit

A political-finance watchdog group is calling on the Internal Revenue Service to investigate a conservative Kentucky nonprofit that spent millions of dollars from undisclosed donors on advertisements boosting Republican Sen. Mitch McConnell’s re-election bid, the Center for Public Integrity writes. The Kentucky Opportunity Coalition “makes a mockery of a [tax] law that is supposed to promote social good, not get a particular politician re-elected,” said Melanie Sloan, executive director of Citiz…

Head of N.Y. Korean Charity Pleads Guilty in Fraud Case

The president of a New York nonprofit serving Korean-Americans has admitted to stealing from the group’s elderly clients by charging them for advice on Medicaid and Social Security and taking payments for false promises to secure them placements in a city affordable-housing program, the Associated Press reports.

Ock Chul Ha of Fort Lee, N.J., pleaded guilty to charges of grand larceny, fraud, and tax fraud and faces one to three years in prison under an agreement with state authorities. Sentenci…

Little Is Known on How New Band Aid Song Is Funding Ebola Fight

Rocker Bob Geldof’s Band Aid 30 has raised more than $1.5-million for the war on Ebola through a new version of the 1984 charity song “Do They Know It’s Christmas?” but is saying little about how the money is being spent, according to Bloomberg Businessweek. The Band Aid 30 website states that proceeds from the single, released on November 17 and now topping the U.K. charts, “will be donated to the intervention and prevention of the spread of Ebola,” but the site does not specify which aid group…

Obituary: William H. Scheide, Longtime NAACP and Arts Donor

William H. Scheide, an oil heir who supported some of the most important court fights of the civil-rights era donor as a key donor to the NAACP Legal Defense Fund, died November 14 at the age of 100, The New York Times reported Sunday. Inheriting the fortune his grandfather made in a 19th-century Pennsylvania oil boom, Mr. Scheide devoted most of his life to philanthropic and artistic pursuits that also included classical music and rare books.

Mr. Scheide paid for his family’s library to be reco…

IRS Watchdog Recovers 30,000 Missing Lois Lerner Emails

The Treasury Department’s watchdog agency for the Internal Revenue Service said it has found as many as 30,000 emails to and from Lois Lerner, the former head of the IRS nonprofits unit and the central figure in the controversy over the tax agency’s alleged targeting of conservative groups, The Washington Post and The Wall Street Journal report.

The IRS revealed in June that tens of thousands of Ms. Lerner’s messages sought by congressional investigators had been thought lost in a 2011 crash of …

Opinion: Staking Out Sides on Fossil-Fuel Divestment

Dueling Wall Street Journal opinion pieces lay out the case for and against college and university endowments dropping their investments in fossil-fuel industries. Institutions of higher education have some $22-billion invested in energy and natural resources, but campus-based divestment movements have gained steam, with Stanford University opting in May to sell off coal stocks and a group of students suing Harvard over the issue last week.

Ellen Dorsey, executive director of the Wallace Global …

Shared Office Tightens Ties Between Movember and Ad Agency

Advertising agency Sid Lee is opening a new Los Angeles office at the headquarters of global men’s health charity the Movember Foundation, for which it provides pro bono services, writes The New York Times. The unusual cohabitation, to be formally announced Monday, will see the Montreal-based agency pay rent to the nonprofit as well as donating time to support its work, centered on the annual Movember mustache-growing campaign.

Sid Lee also has offices in New York, Toronto, Paris, and Amsterdam …