Boards for Meta, Twitter face backlash from NY pension fund
A major New York pension fund that has invested in both Facebookโs corporate parent and Twitter believes itโs time to shake up the companiesโ boards of directors because of their inability to keep violent content off their influential social media services.
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.โNewman-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.โ___The Associated Press receives support from the Lilly Endowment for coverage of philanthropy and nonprofits.