The “no ellipses in the title” edition [News, 6.6.12]

HOUSING
- D.C.’s inclusionary zoning ordinance ensures that new real estate developments throughout the city include below market rate units, but as the first condos created under this ruling are coming on to the market, potential buyers have so far been unable to get mortgages to purchase them. (City Paper, 6/6)

- Members of the Fairfax Board of Supervisors continue to clash on subsidizing workforce housing, as some contend that funds would be better spent on expanding roads around Tyson’s Corner. (WaPo, 6/6)

- The affordable housing complex developed by the late Abe Pollin in Northeast D.C. is nearing completion. (WaPo, 6/6)

EDUCATION | DC Public Schools to replace 18 principals (Examiner, 6/5)

PHILANTHROPY
- In a Wall Street Journal op-ed, a Brookings senior fellow applauds a proposal from the U.S. Treasury Department that would clarify that foundations may invest in or make loans to commercial entities if their activities are in line with the foundation’s charitable objectives. (WSJ, 6/3)

Big Companies Slowly Increase Their Charitable Giving (Chronicle, 6/5)

HIV/AIDS | From July 21-25, the entire AIDS Memorial Quilt will be on display on the National Mall. (Blade, 6/6)

BUDGETS
Fairfax orders audit of social services agency (Examiner, 6/6)

- The D.C. Council passed the $9.4 billion fiscal year 2013 budget yesterday. (WAMU, 6/5)

- Opinion: DC Council Makes Right Decision on TANF in Second Budget Vote (DCFPI, 6/5)


Google recently released the World Wonders Project, which uses its Street View technology to let you explore UNESCO world heritage sites. Prepare to waste a big chunk of your afternoon.

-Rebekah

Jean Case on the value of pro bono service to nonprofits [In the News, 2.24.12]

PHILANTHROPY | Jean Case of the Case Foundation writes in the Post about how pro bono work can be even more valuable to nonprofits than corporate donations (WaPo, 2/23):

Every day, we’re seeing that more often than not, the most valuable asset a company can provide is their people, and those skills can have a much broader and more impactful reach through volunteering employees’ time to nonprofits in need of extra support. Simultaneously, companies can use these collaborations to create leaders and teams through professional development, to recruit new talent, and to design innovative products and services.

Related: WRAG’s Corporate Philanthropy Affinity Group will be visiting the National Veteran’s Transition Center in D.C. on March 7. [More information]

EDUCATION
- District seeks return of chartering authority (WaPo, 2/23)

Arlington schools to increase class sizes (Examiner, 2/24)

TRANSIT | It appears that the District Department of Transportation might not actually have enough streetcars by the planned opening date for the new line on H St NE. (WAMU, 2/24)

ARTS/HISTORY | Here’s a cool slideshow of murals around D.C. that celebrate black history. Like a lot of these murals around the city, some of them will soon disappear as buildings are redeveloped. (DCentric, 2/21)

Related: The Story Behind U Street’s “Black Family Reunion” (WAMU, 1/27)

REPORT | A new report from the National Committee for Responsive Philanthropy calls for environmental funders to focus their funding on grassroots efforts in communities that are impacted by climate change and environmental degradation.


With application deadlines looming for some major funders in the area, here’s just what any procrastinating grantwriter needs!

Rebekah

Philanthropy Factoid Wednesday – The origins of corporate philanthropy


Today’s corporate philanthropy has its roots in the great Depression. The Revenue Act of 1935 allowed corporate charitable contributions of up to five percent of net income to be tax exempt. Subsequently most states gradually changed their corporate charters to allow these kinds of contributions. However, as Olivier Zunz describes in Philanthropy in America: A History, this often created tension between management and stockholders, as the latter generally did not believe that management had the right to distribute profits.

When the A.P. Smith Manufacturing Company attempted to donate $1,500 to Princeton University in 1951 and were blocked by stockholders, the case ended up before the New Jersey Supreme Court. The court favored management, noting that “the appellants, as individual stockholders whose private interests rest entirely upon the well-being of the plaintiff corporation, ought not be permitted to close their eyes to present-day realities and thwart the long-visioned corporate action in recognizing and voluntarily discharging its high obligations as a constituent of our modern social structure.”

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