Daily News Roundup: Gates-Backed Vaccine Push Rated Most Promising ‘Big Bet’

Chronicle of Philanthropy | Nov. 30, 2016

Gavi Disease Effort Tops Ranking of Giving “Big Bets”: The Bill & Melinda Gates Foundation’s $1.55 billion investment in Gavi, the Vaccine Alliance heads a list from Forbes magazine and giving consultancy the Bridgespan Group of the 10 most promising high-dollar philanthropic projects to bring about major social change. The ranking by an expert panel also includes big bets by Bloomberg Philanthropies and the MacArthur and Rockefeller foundations on issues such as energy and criminal justice.

In its new issue, Forbes also unveils the Just 100, an index produced in partnership with hedge-fund billionaire Paul Tudor Jones's nonprofit Just Capital that ranks major American companies on the basis of social responsibility and corporate citizenship.

Aid Group Direct Relief Rated Most “World Changing” Big Charity: The organization, which provides medical help in disaster zones and high-poverty areas, headed a list of the 10 most effective and best-managed nonprofits with $100 million-plus budgets compiled by CNBC based on data from watchdog group Charity Navigator. MAP International and the Rotary Foundation ranked second and third.

Experts Predict Setback on Global Poverty Goals Under Trump: The president-elect’s isolationist rhetoric and inexperience in international affairs bode ill for efforts to tackle poverty and inequality in the developing world, according to an online panel of foreign-policy experts assembled by think tank the Overseas Development Institute, the Thomson Reuters Foundation reports. Read a Chronicle report on how the Trump administration could affect global aid and other nonprofit-related issues.

Cairo Tightens Clampdown on Nonprofits: Egypt’s parliament passed legislation that gives security agencies broad powers to regulate fundraising, research, and other work by human-rights and other groups and forbids them from activities that disrupt “national unity” or “public order,” the Associated Press writes. President Abdel-Fattah el-Sisi has cracked down on nonprofits since taking power in 2014.

Mass. Charities Got 41 Percent of Money Raised by Professional Solicitors: The annual report by the state attorney general’s office found that nonprofits received $82 million of more than $200 million in charitable donations raised by telemarketers in 2015, the fifth straight year in which charities got less than half of such funds, reports the Associated Press.

Tenn. Foundation Launches Fund for Victims of Smokies Fires: The Community Foundation of Middle Tennessee is mounting a drive on behalf of people affected by fast-spreading wildfires that have displaced thousands in Gatlinburg, Pigeon Forge, and other Smoky Mountain communities, The Tennessean reports.