The Kresge Building at the Harvard T.H. Chan School of Public Health. Researchers across Harvard face a difficult climate when funding their research. Federal research funding, long a mainstay of academic institutions, has been largely stagnant in recent years. Institutional support from Harvard, while present, will never fully meet the needs of often-expensive medical and public health research.At the Harvard School of Public Health, professors are taking a different path to supporting their research. In increasing numbers, they are turning to private corporations for funding and assistance.While this arrangement offers a new source of much-needed funding, it also raises challenging ethical and management questions for the school.Michelle A. Williams, dean of the School of Public Health, said last month that she aims to ensure Harvard faculty can compete for outside awards. “Only about 15 percent of our revenue comes from our endowment. So one of the strategies for the … [Read more...] about School of Public Health Increasingly Turns to Corporate Funding for Research As Federal Support Stagnates
WASHINGTON -- Almost half of the money spent on campaign ads in the 2018 midterm elections are from groups that keep their donors hidden, and there is no way to know whether corporations are making secret contributions to candidates and causes their customers oppose. That is, unless the companies themselves disclose their donations. A growing number of publicly traded corporations are doing just that, led by Becton, Dickinson & Co., of Franklin Lakes, one of three companies who received the highest score in the annual Index of Corporate Political Disclosure and Accountability produced by the Center for Political Accountability and the University of Pennsylvania Wharton School's Zicklin Center for Business Ethics Research. "They recognize that political spending does post serious risks to them," said Bruce Freed, director of the Center for Political Accountability, a Washington-based advocacy group pushing for more corporate disclosure of political spending. … [Read more...] about Could corporations be making secret contributions in Trump midterms?
POLITICS 10/01/2018 06:49 pm ET Fearing a blue wave in November, businesses are getting more ambitious in fighting progressive reforms. By Michael Hobbes Ballot measures have produced a wave of ambitious progressive reforms in recent years, from legalizing marijuana to expanding voting rights to granting paid family leave. This year, corporations have become equally ambitious in fighting them ― and experts say they’re hitting new levels of audacity in doing so. Dialysis companies, for example, have raised $53 million to fight a California proposition that would cap their profits at 15 percent. In Florida, Disney has teamed up with the Seminole tribe to make competition in the casino sector illegal. Mining companies in Alaska are working to defeat an effort to protect salmon habitats. And Coca-Cola and Pepsi are trying to persuade Washington and Oregon voters to prohibit any tax on groceries — a category that just so happens to include … [Read more...] about Corporations Are Striking Back On Ballot Initiatives
Detroit's second Strategic Neighborhood Fund is rapidly outpacing its predecessor for fundraising commitments from the private sector. The city says that since the $130 million Strategic Neighborhood Fund 2.0 was launched in April, it has commitments from foundations and private companies of more than $32 million, compared to the $16 million it raised in two years for the $42 million Strategic Neighborhood Fund 1.0. That puts the fund well on its way to its goal of $56 million in foundation/corporate funding. The remaining $74 million would come from local matches plus state and federal dollars. The fund was a major topic of discussion on a panel at Detroit Homecoming's real estate forum featuring Sterling Group founder and Chemical Financial Chairman Gary Torgow; Kresge Foundation Social Investment Officer Aaron Seybert; Clifford Brown, managing partner of Woodborn Partners; and Detroit Economic Growth Corp. President and CEO Kevin Johnson. Ryan Friedrichs, chief development officer … [Read more...] about Second Strategic Neighborhood Fund nets $32 million
opinion David D. Haynes Milwaukee Journal Sentinel Published 11:06 p.m. UTC Aug 29, 2018 New businesses account for nearly all net new job creation. That simple fact, supported by research from the Ewing Marion Kauffman Foundation, cuts through all the political rhetoric about building a growing economy, the holy grail of every state or region. Unfortunately, the Milwaukee area has lagged in most measures of entrepreneurial activity in recent years, falling to 33 out of 40 in the most recent rankings from Kauffman, which conducts research and advocates for entrepreneurship. That's why Tuesday's announcement that Foxconn is partnering with three of Milwaukee's most prominent corporate citizens to create a venture capital fund has the potential to be a watershed moment for southeastern Wisconsin. It's a given that Foxconn Technology Group’s massive factory in southern Wisconsin could have a profound impact on the state’s economy. It’s a $10 … [Read more...] about New Wisconsin venture capital fund has the potential to be a watershed moment