News Briefing: Broad Foundation Donates $25 Million for Stem Cell Research

• Senator Grassley considers legislation that would hold nonprofit hospitals more accountable for the billions of dollars in tax exemptions they enjoy.  [Wall Street Journal]

• The losses the Shapiro Foundation has sustained due to Madoff have Boston-area nonprofits on edge.  [Boston Globe]

• The Broad Foundation donates $25 million to UC San Francisco for stem cell research.  [Los Angeles Times]

• Outraged philanthropists worldwide reel from Madoff scam.  [Reuters]

• Bill Clinton's foundation has raised at least $46 million from Saudi Arabia and other foreign governments that his wife may end up negotiating with as the next secretary of state.  [Associated Press]