tldrdailynews.com logo
Tag

Nonprofit

All articles tagged with #nonprofit

Overhaul Urged as Private Equity Ties Grow in U.S. Nonprofit Hospitals
healthcare6 days ago

Overhaul Urged as Private Equity Ties Grow in U.S. Nonprofit Hospitals

A watchdog group urges stronger government oversight of private equity–backed joint ventures with nonprofit U.S. healthcare providers, warning they can undermine charitable missions and patient care. The report catalogs hundreds of such arrangements and nearly 500 PE‑owned hospitals, highlights practices like sale‑leasebacks, and cites cases such as Steward Health and Wilson Medical Center to argue for safeguards, though academics remain divided on whether PE poses a unique healthcare risk.

via The Guardian|
#healthcare#joint-ventures#nonprofit
Congressional report accuses Trump of weaponizing the US 250th birthday for political gain
politics10 days ago

Congressional report accuses Trump of weaponizing the US 250th birthday for political gain

Democratic staff on the House Natural Resources Committee allege Trump hijacked the US semiquincentennial by creating Freedom 250 as a nonprofit arm of the National Parks Foundation to divert funds, mine donor data, and push Christian nationalist messaging, with lucrative contracts and high‑profile events for loyalists; the interim report is not officially adopted and claims potential fraud and lack of transparency.

via The Guardian|
#corruption-fraud#investigations#nonprofit
DOJ opens criminal probe into Reid Hoffman-backed nonprofit over Carroll's legal bills
justice1 month ago

DOJ opens criminal probe into Reid Hoffman-backed nonprofit over Carroll's legal bills

The Justice Department has launched a criminal probe into a Chicago-based nonprofit backed by Reid Hoffman over its funding of E. Jean Carroll’s legal bills in her civil suit against Donald Trump, with the investigation centered on statements Carroll made during a deposition; Carroll had accused Trump of sexual assault and defamation and a jury previously found in her favor on those claims.

via The Washington Post|
#doj#donald-trump#e-jean-carroll
Minnesota nonprofit founder sentenced to nearly 42 years for pandemic aid fraud
crime1 month ago

Minnesota nonprofit founder sentenced to nearly 42 years for pandemic aid fraud

A federal judge sentenced Feeding Our Future founder Aimee Bock to nearly 42 years in prison for orchestrating what prosecutors called the largest pandemic fraud scheme in the U.S., a $250 million operation that exploited federal child nutrition programs via a web of fake distribution sites, kickbacks, and phony lists of children; the case spurred broader fraud prosecutions in Minnesota and highlighted a sprawling network that ensnared dozens of others.

via The Guardian|
#crime#fraud#minnesota
Altman on the Stand as OpenAI Trial Probes Charity Roots and For-Profit Shift
business2 months ago

Altman on the Stand as OpenAI Trial Probes Charity Roots and For-Profit Shift

In Oakland, Sam Altman testified under cross-examination in the OpenAI trial over the company’s charitable roots and its shift to a for-profit, facing questions about his truthfulness as Elon Musk’s lawyer pressed him on alleged inconsistencies; Altman defended himself and highlighted Musk’s own push for control and the company’s safety efforts, as witnesses discussed internal tensions and differing views on OpenAI’s mission.

via New York Post|
#business#elon-musk#nonprofit
Minnesota health merger unites Sanford Health and North Memorial into a single nonprofit system
health2 months ago

Minnesota health merger unites Sanford Health and North Memorial into a single nonprofit system

Sanford Health and North Memorial Health will merge into a single nonprofit health system, with about $600 million invested to bolster Robbinsdale Hospital and expand Maple Grove, aiming to stabilize North Memorial financially and expand regional care; governance will involve shared leadership and the deal is expected to close later this year pending regulatory review.

via kare11.com|
#health#merger#minnesota
OpenAI Chief’s Diary Read Aloud as Mission vs. Money Battle Heats Up in Court
technology2 months ago

OpenAI Chief’s Diary Read Aloud as Mission vs. Money Battle Heats Up in Court

In Elon Musk’s lawsuit over OpenAI’s nonprofit mission, OpenAI president Greg Brockman testified and was forced to read his private diary entries, which his team says reflect deep consideration of OpenAI’s mission rather than greed. The journals, dating from 2015 to 2023, contain notes about a potential for-profit arm and Brockman’s billionaire-style stake, which Musk’s lawyers seized on to portray a money-driven mindset. Brockman defended the entries as contextual and aimed at safeguarding the mission, while detailing board dynamics, Musk’s 2018 departure, and concerns about unilateral control. The trial continues to weigh whether OpenAI strayed from its nonprofit roots in pursuit of advancement in artificial intelligence.

via Ars Technica|
#elonmusk#forprofit#gregbrockman
Musk on the stand in OpenAI lawsuit, alleging charity steered toward profit
technology2 months ago

Musk on the stand in OpenAI lawsuit, alleging charity steered toward profit

On day two of the Oakland trial, Elon Musk testified against OpenAI and its co-founders, accusing them of steering the nonprofit OpenAI toward a for‑profit model and pursuing billions in what his team calls wrongful gains; OpenAI countered that Musk is trying to derail a key competitor, while noting his own launch of xAI, and the case—centering on breaches of charitable trust and unjust enrichment—could last several weeks as governance and mission issues are scrutinized.

via BBC|
#elon-musk#nonprofit#openai
Pittsburgh Post-Gazette Finds New Life Under nonprofit Venetoulis Institute
local-news2 months ago

Pittsburgh Post-Gazette Finds New Life Under nonprofit Venetoulis Institute

The Pittsburgh Post-Gazette will be sold to the Venetoulis Institute for Local Journalism, the nonprofit publisher of the Baltimore Banner, effective May 4, with the newsroom staying in Pittsburgh and print days maintained (Thursday and Sunday) while staff may shrink; the sale prevents the paper from closing after years of losses by Block Communications, and unions await talks with the new owners.

via Axios|
#baltimore-banner#local-journalism#local-news
OpenAI Says Musk’s Latest Legal Move Is a 'Chaos' Tactic Ahead of Trial
technology3 months ago

OpenAI Says Musk’s Latest Legal Move Is a 'Chaos' Tactic Ahead of Trial

OpenAI says Elon Musk’s amendment to his lawsuit would redirect potential damages to OpenAI’s nonprofit and seek the ouster of CEO Sam Altman and president Greg Brockman, a strategic shift just weeks before a trial. Musk had been pursuing about $134 billion for alleged fraud over OpenAI’s nonprofit-to-for-profit transition, but the new filing frames the dispute around restoring the company’s nonprofit structure. OpenAI calls the move a “legal ambush” that could require different evidence and witnesses and aims to recast the narrative of the case.

via Gizmodo|
#elon-musk#lawsuit#nonprofit
Musk shifts OpenAI suit to demand profits back to nonprofit, not himself
technology3 months ago

Musk shifts OpenAI suit to demand profits back to nonprofit, not himself

Elon Musk amended his lawsuit against OpenAI and Sam Altman, saying he will not seek personal damages and that any recovered profits (potentially up to $134 billion per his expert) should be returned to OpenAI’s charitable nonprofit; the filing seeks to unwind OpenAI’s for-profit conversion and restore its nonprofit status, with the trial looming and OpenAI labeling the move as harassment.

via arstechnica.com|
#artificial-intelligence#litigation#musk
SF ex-HRC chief charged in Dream Keeper probe; Breed not implicated
crime3 months ago

SF ex-HRC chief charged in Dream Keeper probe; Breed not implicated

San Francisco DA charges Sheryl Davis, former head of the Human Rights Commission, and James Spingola of Collective Impact with misusing about $350,000 of Dream Keeper and related city funds; Davis faces 19 counts including misappropriation and perjury, while Spingola faces four counts. Prosecutors say intertwined finances and Davis’ ongoing involvement with Collective Impact after joining the commission, plus payments to her son, show conflicts of interest; the case stems from an 18‑month probe into the Dream Keeper Initiative launched under Mayor London Breed, who is not implicated.

via The San Francisco Standard|
#corruption#crime#dream-keeper