Nonprofit News From Elsewhere
The Boy Scouts of The usa has agreed to a settlement value $850 million for tens of hundreds of gentlemen who say they have been sexually abused as scouts. The deal features hard cash, artwork, real estate, and surplus proceeds from an overfunded executive pension. The nonprofit is also signing more than insurance policy legal rights to a have faith in that will administer the settlement. Drastically, local councils, which maintain extra belongings than the countrywide firm, will contribute to the deal. A attorney for some of the victims said, “There’s billions of dollars in coverage legal rights in opposition to some of the greatest insurance policies businesses in the country.” Some insurers say they were remaining out of negotiations and have vowed to struggle the settlement in court. The deal should nevertheless be accredited by creditors and the individual bankruptcy court docket overseeing the Scouts’ Chapter 11 proceedings. (Wall Avenue Journal — membership)
Commentators are cheering and lambasting the Supreme Court’s choice Thursday to strike down California’s donor-disclosure legislation for nonprofits. In the Washington Submit, E.J. Dionne warns that “the entire world of dim-cash politics is poised to become darker however,” and urges Congress to expand the court and to help legislation that encourages federal candidates to count on compact-dollar donations. In Vox, Ian Milhiser laments that the conservative justices have started to chip absent at the one particular oversight software, disclosure, that they left standing in the Citizens United feeling. On the other side, the Wall Road Journal’s editorial board and columnist Kimberley A. Strassel warn of the true and increasing hazard of hurt to donors whose assistance for controversial causes is exposed. They also argue that California has not managed to continue to keep the info personal, as it pledged to do that the problem to the regulation was supported by teams across the political spectrum and that the ruling, which applies to nonprofits, will not corrupt political campaigns.
As well as: See the Chronicle’s coverage of the situation.
- Sexual Abuse Allegations at Elite Southern Calif. Boarding College Prompt Sheriff’s Investigation (Los Angeles Instances)
- Tenney and GOP Reps. Goal Zuckerberg and Seek out to Conclusion Nonprofit Donations to Election Teams (WENY)
- Children’s Textbooks Nonprofit Official Resigns Soon after Antisemitism Assertion (Jewish Journal)
- Fraudulent Corporations in Mich. Posing as Charitable Nonprofits Purchased Dissolved (WILX)
- Throughout the U.S., Deserted Wells Are Belching the Potent Greenhouse Gasoline. This Nonprofit Aims to Plug Them to Combat World Warming. (Washington Article)
- Lincoln Centre Names Its To start with Poet in Home (New York Situations)
- Catherine Opie’s approach to assistance UCLA artwork learners graduate with way significantly less financial debt (Los Angeles Situations)