Local officials want more taxes from Princeton
Although Princeton University paid more than $10 million into local New Jersey coffers last year, municipal officials want the college, which is the fourth richest in the nation, to more in property taxes, could amount to an additional $28 million, Bloomberg reported June 29 (see Princeton investing story).
Nonprofit board vigilance one outcome of CEO firing
A silver lining to the trouble involving the board of the Kansas City University of Medicine and Bioscience is that nonprofit boards are being forced to keep a closer eye on their organizations’ performance, an editorial in The Kansas City Star said June 28 (see nonprofit governance story). The university’s board says it was deceived by CEO Karen Pletz, who denies charges she misappropriated funds.
Center for Philanthropy at Grand Valley gets $2.1 million
The W.K. Kellogg Foundation awarded $2.1 million to the Dorothy A. Johnson Center for Philanthropy at Grand Valley State University, The Grand View Rapids Press reported June 29 (see Grand Valley State story). The grant will be used for the center’s long-term sustainability.