Pandemic puts 1 in 3 nonprofits in financial jeopardy
Californians for the Arts, for example, surveyed arts and culture nonprofits in the state and found that about 64% had shrunk their workforces. They will be navigating a very different financial pathway.”Newman-Scott said BRIC has been helping sustain smaller arts nonprofits and offering artists unrestricted $10,000 grants through its Colene Brown Art Prize. The most vulnerable nonprofits may try to reduce costs this year by narrowing their focus or by furloughing workers. Some may seek a merger or an acquisition to bolster their financial viability, Harold noted, although doing so would still mean that fewer nonprofits would survive. We saw that with hundreds and hundreds of foundations.”___The Associated Press receives support from the Lilly Endowment for coverage of philanthropy and nonprofits.
Wynn Resorts settles with pension funds over sex allegations
"We filed our lawsuit in response to serious and repeated allegations of sexual misconduct by Steve Wynn and the prior board's alleged failure to stop it," said New York Comptroller Thomas DiNapoli, who is in charge of that state's $209 billion retirement fund. He said it holds shares in Wynn Resorts with an estimated value of $23 million.chicagotribune.com