All posts tagged: nonprofit

OpenAI defeats Musk in lawsuit over nonprofit mission, removing IPO obstacle | Technology News

OpenAI defeats Musk in lawsuit over nonprofit mission, removing IPO obstacle | Technology News

Published by Parlour News

A US jury on Monday ruled against Elon Musk in his lawsuit against OpenAI, finding the artificial intelligence company not liable to the world’s richest person for having allegedly strayed from its original mission to benefit humanity. In a unanimous verdict, the jury in Oakland, California, federal court said Musk brought his case too late. The jury deliberated less than two hours. The three-week trial had widely been seen as a critical moment for the future of OpenAI and artificial intelligence generally, both in how it should be used and who should benefit from it. The verdict simplifies the path for OpenAI to proceed with a possible initial public offering that could value the business at $1 trillion. But OpenAI’s public face, Chief Executive ⁠Sam Altman, must ​also address the challenges to his reputation from some extremely personal testimony during the trial, including multiple witnesses describing him as a liar. Musk said he will appeal, repeating his claim that Altman and OpenAI President Greg Brockman viewed OpenAI as a means to great wealth. “Altman & …

Directors embezzle .5M from charity, spend it on Vegas trips, luxury cars

Directors embezzle $6.5M from charity, spend it on Vegas trips, luxury cars

Published by Parlour News

The directors of an American nonprofit have been accused of embezzling over $6.5 million in charitable funds to pay for their own lavish lifestyle. Trahern Pollard and Jaclyn McGuigan used funds embezzled from We Push for Peace to bankroll Vegas trips, luxury car purchases and massive shopping sprees. The charity’s funds were used to pay for trips to Las Vegas and other luxury purchases According to a report in the New York Post, Minnesota Attorney General Keith Ellison announced a civil lawsuit against We Push for Peace and its former directors, Trahern Pollard and Jaclyn McGuigan, on Friday. Charity funds used for luxury purchases Prosecutors say that the nonprofit was virtually destroyed by “rampant abuse” and blatant self-dealing. We Push for Peace reportedly won lucrative contracts for community outreach and violence prevention, but funds earmarked for these initiatives were misused by the charity’s executives. Trahern Pollard paid for trips to Las Vegas, luxury vehicles and massive shopping sprees at a Harley Davidson showroom and spa stores using the embezzled funds, according to the report. He …

OpenAI names new nonprofit ‘advisors’

OpenAI names new nonprofit ‘advisors’

Published by Webster

OpenAI has revealed the “advisors” for its new nonprofit commission: Dolores Huerta, Monica Lozano, Dr. Robert K. Ross, and Jack Oliver. The company says the four advisors will help “inform OpenAI’s philanthropic efforts,” according to an announcement on Tuesday. Huerta was a prominent labor activist during the 20th century, while Lozano was the president and CEO of the College Futures Foundation and is a member of Apple’s board of directors. Ross previously served as president and CEO of the health and wellness foundation The California Endowment, and OpenAI says Oliver is a “leader in government, technology, business and advocacy.” “As we’ve said, OpenAI’s nonprofit isn’t going anywhere—and this commission will be key to expanding its reach and impact,” OpenAI says in the announcement. “The commission’s goal is to help ensure that our nonprofit becomes a force multiplier for communities and mission-driven organizations tackling urgent global challenges—from health and education to public service and scientific discovery.” Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their …

Elon Musk Will Pull OpenAI Bid if ChaGPT-Maker Remains Non-Profit, Lawyers Say

Elon Musk Will Pull OpenAI Bid if ChaGPT-Maker Remains Non-Profit, Lawyers Say

Published by Webster

A consortium led by Elon Musk will withdraw its $97.4 billion (roughly Rs. 8,47,272 crore) bid for OpenAI’s non-profit arm if the ChatGPT maker drops plans to become a for-profit entity, the billionaire’s lawyers said in a court filing on Wednesday. Musk has been trying to block the startup he co-founded and later left from becoming a for-profit firm, a move crucial for OpenAI to secure more capital and stay ahead in the AI race. “If (the) OpenAI board is prepared to preserve the charity’s mission and stipulate to take the ‘for sale’ sign off its assets by halting its conversion, Musk will withdraw the bid,” the filing said. If not, “the charity must be compensated by what an arms-length buyer will pay for its assets.” Musk’s “serious offer” was to further the charity’s mission, it added. Musk also owns a competing AI startup, xAI, launched in 2023. OpenAI and Musk, CEO of Tesla and social media platform X, did not respond to requests for comment. OpenAI’s board has not yet received a formal bid …

Paris Hilton Launches Fund Through Her Nonprofit 11:11 Media; Details Inside

Paris Hilton Launches Fund Through Her Nonprofit 11:11 Media; Details Inside

Published by Parlour News

While the USA is facing one of the most devastating catastrophes, many celebrities have come forward, being united to help those in need. One of these many well-known personalities is Paris Hilton, who recently announced that she is coming up with an emergency fund.  The highly acclaimed businesswoman took to social media to make announcements and express how distressed she feels following the current saddening news about people fleeing their properties as their homes burn.  On January 10, 2025, Paris Hilton shared her heartfelt feelings on Instagram, stating that her thoughts are with everyone who was affected by the continually raging wildfire in LA.  Further mentioning that she had lost her Malibu home, the actress then continued that she is praying for “the countless families who have lost so much more—their homes, cherished keepsakes, the communities they loved, and their sense of stability.” Ahead in her social media post, expressing herself, Hilton mentioned that being a mother, she can’t simply imagine the fear of a parent, of not finding a safe place for their babies …

Meta asks California AG to block OpenAI’s switch from non-profit to for-profit

Meta asks California AG to block OpenAI’s switch from non-profit to for-profit

Published by Webster

Dear General Bonta: As a California company that builds Generative AI technology, Meta Platforms, Inc. (“Meta”) is deeply concerned about OpenAI’s attempt to shed the non-profit status under which it was founded in order to establish a for-profit entity. We urge you to review this proposed transaction, including the nature and timing of any transfer of assets from OpenAI’s non-profit entity to other entities. Failing to hold OpenAI accountable for its choice to form as a non-profit could lead to a proliferation of similar start-up ventures that are notionally charitable until they are potentially profitable. The People of California have direct and urgent interests in stopping this behavior. All for-profit activities of OpenAI and its related entities should be paused to protect investors and consumers alike. In 2015, OpenAI filed its original certificate of incorporation with the State of Delaware, which reads: This Corporation shall be a nonprofit corporation organized exclusively for charitable and/or educational purposes within the meaning of section 501(c){3) of the Internal Revenue Code of 1986, as amended, or the corresponding provision …

8 Tech Nonprofits Changing the World with Innovation

8 Tech Nonprofits Changing the World with Innovation

Published by Webster

Many people seek new charities to become involved with — whether through volunteer opportunities or monetary donations. The nonprofit world, along with every for-profit industry, is changing rapidly with the advancement of technology. And now, many nonprofits are dedicated to making technology more accessible, affordable, secure, and simpler for everyone. Let’s highlight eight of them. 1. NPower NPower is a nonprofit dedicated to providing underserved groups, including underresourced young adults and military veterans, with access to education and skills training in the technology sector. It offers free courses in areas like cybersecurity, coding, and cloud computing and fosters partnerships with other nonprofits and educational institutes to expand access to tech talent. Mission Helping military-connected individuals, young adults, and women from underresourced communities launch digital careers. Location New York City Year founded 1999 Tech offering Tech training, job placement assistance, and support services. 2. Center for Democracy and Technology The Center for Democracy and Technology is a nonprofit that works to preserve the user-controlled nature of the internet and freedom of expression. Its main focus areas …

6 Best Nonprofit Credit Card Processing Tools Evaluated for 2024

6 Best Nonprofit Credit Card Processing Tools Evaluated for 2024

Published by Webster

Best overall: Donorbox Best for quick and easy setup: PayPal Best for in-person donations and growing a donor base: Square Best for low fee rates: Helcim Best all-in-one, premium nonprofit solution: iATS Best for rapid payouts: Stripe Some nonprofit concerns are very much in line with the standard challenges faced by their profit-driven counterparts. And some of their needs mirror those seen in state organizations in the public sector. Case in point: accepting payments. While the transactional mechanics are largely identical — money is changing hands, moving from one side to the other — everything else is different. Including the terminology. It’s not a “purchase” or a “sale”; it’s a “donation.” As such, non-profit organizations still need to use “merchant services,” but will also need those services to support a very different type of transaction. So, for these teams that need such a solution but don’t know where to start their search, we’ve compiled a round-up of top contenders, an overview of their benefits and downsides, and a brief breakdown of the optimal use cases …

6 Best Nonprofit CRM Software for 2024

Published by Webster

Best for managing volunteers and events: Pipedrive Best for omnichannel marketing: Zoho CRM Best for tracking donor behavior with data insights: Virtuous Best nonprofit CRM tool with integrations: HubSpot Best white label CRM for nonprofits: Bitrix24 Best for nonprofit project management: monday sales CRM CRM software used within the nonprofit sector typically helps organizations manage and grow their relationships with donors, organize outreach and track activities. The use of a CRM tool for a nonprofit organization of any size can improve productivity and create a streamlined process for them to market to donors, track revenue and progress to goals. 2 Zoho CRM Employees per Company Size Micro (0-49), Small (50-249), Medium (250-999), Large (1,000-4,999), Enterprise (5,000+) Any Company Size Any Company Size Features Calendar, Collaboration Tools, Contact Management, and more Top nonprofit CRM software comparison The top general CRM providers offer a range of marketing, sales and support solutions. Those core features can be used by nonprofits as well. Some notable features nonprofits might prioritize include donor (lead) management, payment and revenue management and a …

We want to be a hub for tech for good in India: Nidhi Bhasin, CEO, Nasscom Foundation | Technology News

Published by Parlour News

Nidhi Bhasin is the CEO of Nasscom Foundation, a nonprofit working with the Indian tech industry in their efforts at solving social and economic challenges through technology. Part of the Nasscom ecosystem, Nasscom Foundation has at its core the philosophy of tech for good, with programmes on digital literacy, scaling social innovation, skills and employability, women entrepreneurship and empowering the NGO ecosystem. It also plans to create industry benchmarks for tech for good. The foundation is, however, independent of Nasscom, in its operation and funding. A graduate of Delhi University and a Masters from the Delhi School of Social Work, Nidhi Bhasin spoke to indianexpress.com on the need for building a hub for tech for good in the country, the work done by Nasscom Foundation, and its efforts in digitally empowering the nonprofit sector in the country. Edited excerpts: Venkatesh Kannaiah: Can you tell us about some tech for good innovations which have come out of your overall programme and the impact they are having? Nidhi Bhasin: Technology for good has been the core of …