Danos Foundation awards $438,100 in grants to 22 nonprofits
Funds awarded through Danos GIVES, the Foundation's grant-giving program, support organizations that strengthen families, create sustainable solutions and make a lasting impact in communities where Danos employees live and work.
"The Danos Foundation embodies our belief that God created all people in His image, and we have a responsibility to care for and serve others," said Mark Danos, CEO of Danos Family Investments. "Through Danos GIVES, we invest in organizations that directly impact the communities our colleagues call home."
Texas grant recipients include eight nonprofit organizations: Hope's Path, $50,000; Permian Basin Mission Center, $30,000; Skillpoint Alliance, $30,000; Family Promise of Odessa, Inc., $25,000; Houston Furniture Bank, $20,000; Bynum School, $10,000; Basin Dream Center, $10,000; Bill's Backpacks, $4,000.
Danos employees established the Danos Foundation in 2017 to fulfill the company's purpose: "Honor God. Develop great people to solve big challenges for our customers and communities."
Funded by employee contributions and supplemented by Danos, the Foundation extends its impact beyond Danos GIVES through Danos WORKS, which provides funding to organizations where employees volunteer. This initiative further strengthens the communities where Danos employees live and work.
As Danos Group has expanded, so has the reach of the Danos Foundation, now supporting employees' communities through Performance Energy Services and Danos Operations Services.
For a complete list of GIVES recipients, visit danos.com/news. To apply for a 2025 grant, visit danos.com/foundation.
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Yahoo
16 hours ago
- Yahoo
Uniswap inches to fee switch vote as Foundation proposes Wyoming entity
Uniswap, the largest decentralised exchange on Ethereum, could soon divert a portion of its fees towards the Uniswap DAO. An affiliated nonprofit, the Uniswap Foundation, asked the digital cooperative on Monday to register in Wyoming as a so-called DUNA — a Decentralized Unincorporated Nonprofit Association. In March 2024, Wyoming lawmakers passed the DUNA Act, allowing DAOs to create legally-recognized entities in the state. Incorporation would protect members of the Uniswap DAO from legal or tax liability, a prerequisite to activating Uniswap's so-called fee switch, according to the Foundation. 'Uniswap Governance will be one of the first and certainly the largest DAO to take this step,' Devin Walsh, the Foundation's executive director, wrote on X. 'We see it as an opportunity to create clarity and further empower Uniswap decentralized governance – opening up participation to more tokenholders, and the ability to consider meaningful proposals in the future (yes, this includes the fee switch).' The Uniswap token, UNI, jumped almost 6% after the Foundation published its proposal on the Uniswap DAO governance forum. DUNI The Foundation even suggested a name for Uniswap's DUNA: DUNI. DUNI would 'preserve Uniswap's decentralized governance structure while enabling engagement with the offchain world (e.g., entering into contracts, retaining service providers, and fulfilling any potential regulatory and tax responsibilities),' according to the proposal. 'Importantly, establishing Uniswap Governance as a DUNA would bolster critical limited liability protections for governance participants.' Approval would establish the Foundation as DUNI's so-called ministerial agent capable of executing documents, submitting filings, and appointing third-party service providers such as lawyers, auditors, and tax administrators. It would also approve Wyoming-based firm Cowrie as a DUNI administrator charged with preparing tax returns and drafting quarterly financial statements. Cowrie founder David Kerr was 'instrumental' in writing Wyoming's DUNA law, according to the Foundation. Finally, the proposal would set aside $16.5 million in UNI for legal defence and tax compliance, and $75,000 worth of UNI for Cowrie's services through the filing of tax returns for 2026. The Foundation said it intends to engage the Internal Revenue Service to determine whether the cooperative owes any back taxes. 'It is expected that all tax obligations for prior years will be under $10 million,' the Foundation wrote. An initial vote could come as early as August 18, according to the Foundation. But the proposal could disappoint some members of the DAO who have long pushed to activate the fee switch. In June, Abdullah Umar, a member of the Uniswap DAO's accountability committee, said a fee switch could be bundled with a vote for DUNA incorporation. The proposal only mentions the fee switch in passing, however. DAO drama The Uniswap DAO is a member-run cooperative that ostensibly manages the Uniswap protocol. While the protocol is self-executing and largely immutable — that is, the software runs without human intervention and its core features cannot be changed — the DAO has about $4.3 billion in UNI, which it received when the token launched in 2020. Investors who own UNI control how that pot of money is spent. They also control the fee switch, which would divert a portion of Uniswap's revenue from liquidity providers to the DAO. It's a lucrative business: users have paid more than $123 million in swap fees over the past month, according to DefiLlama data. But Uniswap governance has proven controversial. The Uniswap DAO has debated activating that so-called fee switch for years. But early proposals failed to advance due to fear they would run afoul of US securities laws. Last year, the Foundation put forward its own proposal to activate the fee switch. But it withdrew the proposal ahead of a scheduled vote, citing 'a new issue' raised by an unnamed stakeholder. Dan Robinson, a general partner at crypto venture capital firm Paradigm, accused the Foundation of caving to pressure from another 'large VC' seeking to advance its own 'pet projects.' It appeared to be a veiled reference to VC firm a16z, which had praised DUNA as 'an oasis for DAOs.' 'DAOs that fail to use a legal entity for their organisation are deprived of legal existence, are unable to pay taxes and are exposed to potential liability,' Miles Jennings, general counsel at a16z Crypto, wrote in a blog post last year. More recently, Uniswap Labs released a Uniswap-branded blockchain without consulting the DAO, angering some of its members. The drama was even mentioned in the House of Representatives. In June, Representative Sean Casten, a Democrat from Illinois, noted the Foundation had been criticised for wielding 'disproportionate power over other stakeholders.' 'If you agree that decentralisation involves distributing voting power among your UNI token holders,' the congressman said, 'doesn't the fact that the Uniswap Foundation can unilaterally make decisions — doesn't that weaken any claim of it being decentralised?' Katharine Minarik, the chief legal officer at Uniswap Labs, denied the Foundation had such power within the DAO. Aleks Gilbert is DL News' New York-based DeFi correspondent. You can reach him at aleks@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
a day ago
- Business Wire
Pink Bows Foundation to Host Showstop® Procedure Training Across North America
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Miami Herald
5 days ago
- Miami Herald
Atlanta man accused of scheming with Jackson exec to bilk millions faces conspiracy charge
A businessman accused of playing a key supporting role in an elaborate scheme to bilk millions of dollars from the fundraising arm of Jackson Health System faces a conspiracy charge on Tuesday in Miami federal court. Yergan Jones, who heads an audio visual company in Atlanta, is the latest person to be charged in the alleged conspiracy with Charmaine Gatlin, the former chief operating officer of Jackson Health Foundation, which raises money for Miami-Dade County's public hospital system. Authorities say Gatlin, 52, and Jones, 62, falsified invoices to make it look like Jones' business, American Sound Design, provided about $2 million in purported services for fundraising events that were paid for by Jackson Health Foundation. Jones and his company kept half of the Foundation's payments and kicked back the other $1 million to Gatlin — money that the former Weston resident spent on Louis Vuitton and Gucci handbags and other luxury goods, court records show. Jones' defense attorney, Hector Flores, declined to comment. The fact that Jones has been charged by an information and not a grand jury indictment indicates that he's cooperating with federal prosecutors and eventually plans to plead guilty to the single conspiracy charge, which carries up to five years in prison. Gatlin's defense lawyer, David Howard, also declined to comment. Gatlin pleaded not guilty to multiple conspiracy and fraud charges in June in Miami federal court. But sources familiar with her case say she's planning to change her plea to guilty in a deal with prosecutors in the U.S. Attorney's Office. Prosecutors say Jones, Gatlin and others schemed to 'unlawfully enrich themselves' by submitting 'false and fraudulent invoices' to the Jackson Health Foundation 'for goods and services that were not provided to the Foundation, did not benefit the Foundation, and benefitted themselves instead of the Foundation.' In one exchange, Gatlin contacted Jones from her personal email on Jan. 8, 2024, telling him to increase his bill for audiovisual equipment at Jackson's 'Holiday Parties' to $58,477, according to the information charging Jones. A week later, Gatlin wired that same amount to the bank account of Jones' company, ASD, the information says. That same day, Jones wired a kickback of about $25,000 to Gatilin's personal bank account — then, a few days later, Jones made a $20,000 payment on his American Express card using the Jackson funds. 'To conceal the kickbacks,' the information says, they 'created false invoices making it appear as though Gatlin did 'event management' for ASD events' at Jackson Health System or the Foundation. Atlanta Connection Before Jackson Health System officials learned of the alleged scheme, Gatlin was making about $300,000 as the Foundation's chief operating officer and was well on her way to becoming its top executive. But in late October, she was put on paid administrative leave while an internal investigation 'related to potential misconduct' got underway. In early November, she was 'terminated for cause' by the Foundation's chairman. Her termination letter, obtained by the Miami Herald, did not elaborate. Jackson officials alerted the FBI and federal prosecutors. In May, Gatlin, a Foundation executive over the past decade, was arrested on charges of fleecing $3.6 million from her former employer, fabricating fake invoices from vendors including Jones and receiving kickbacks from them. Her alleged defrauding of the Jackson Health Foundation, however, extended well beyond Miami, according to an indictment. It stretched all the way to Atlanta, where an unnamed 'audiovisual company' and a 'co-conspirator' suspected of collaborating with Gatlin submitted $2 million in 'false and fraudulent' invoices to the Foundation for purported services that were instead provided to a civic organization in Georgia's capital, the indictment says. While the indictment doesn't identify the company or the co-conspirator, the Herald learned last month from multiple sources that Gatlin allegedly schemed with Jones, the CEO of American Sound Design in Atlanta. Public records obtained by the Herald show Jones' company submitted dozens of invoices to the Jackson Health Foundation that Gatlin approved between 2019 and 2024. The indictment alleges the company's invoices were for 'audiovisual services that did not occur' at Jackson Health System or the Foundation. Instead, the Herald confirmed those services were provided by Jones' company to the civic organization in Atlanta, which is 100 Black Men of America, with chapters nationwide including South Florida. 'On at least one occasion, Jones provided services to [100 Black Men of America], but Jones and Gatlin made it appear on the invoice as though the services were being provided to the Foundation,' says the information charging Jones, which didn't include details of the charges. In a statement, the 100 Black Men of America said it was not aware of Gatlin's alleged kickback scheme with Jones and his audiovisual company, including billing the Jackson Health Foundation for services that his firm instead provided to the Atlanta organization. Jones provided those services to the youth mentoring group for its annual conferences between 2019 and 2024 under a different audiovisual company, American Electronic Entertainment, 100 Black Men of America confirmed. In fact, 100 Black Men of America said it directly paid Jones' company more than $500,000 for his work, but the organization did not provide details of the payments. '100 Black Men of America, Inc. has no knowledge of Ms. Gatlin's alleged receipt of cash payments or fraudulent invoices being submitted by Ms. Gatlin or any other vendors in the indictment involving Jackson Health Foundation,' the organization said in the statement provided to the Herald, adding that 'Gatlin has never been paid by the 100 BMOA as a 'go-between' to then pay vendors for services provided to 100 BMOA.' Gatlin had worked for 100 Black Men of America from 2009 to 2014 before Jackson's Foundation hired her a decade ago. During her tenure at Jackson, she continued to work with the Atlanta organization as an unpaid volunteer. After the Foundation dismissed Gatlin last November, 100 Black Men of America hired her in January as a contractor for its annual conference in 2025 —but fired her in May when the organization said it learned about her indictment. 'We are fully cooperating with law enforcement and will continue to do so until this matter is concluded,' the organization said. Follow the Money Gatlin, a University of Florida graduate with a bachelor's degree in French, was arrested on May 21 in a town near Savannah where she now lives. The indictment, filed by Assistant U.S. Attorney Elizabeth Young, charged her with a single count of conspiring with other individuals to commit wire fraud, 26 counts of wire fraud and five counts of money laundering. If convicted, the charges carry sentences that could send her to prison for years. Gatlin is accused of authorizing Jackson Health Foundation funds to pay not only Jones' audiovisual company in Atlanta but also a store that sold designer goods and an event planning company in South Florida that created videos, a website and other services for a family member's softball team in Broward County, the indictment says. She's also accused of using the Foundation's money to buy school supplies that were delivered to a church in Riceboro, Georgia, where she lives with her husband. After her arrest, Gatlin was granted a $30,000 bond. Court records show that one of the conditions of her bond was not to contact four contractors, including Jones, who 'were paid' by the Jackson Health Foundation based on 'purported invoices for goods and services approved by' Gatlin, according to the indictment. By far, Gatlin's dealings with Jones dominated her alleged criminal activity, the Herald has learned from sources and court records. Financial documents obtained by the Herald show that Jones' company, American Sound Design, submitted about 40 invoices to the Foundation that Gatlin approved between 2019 and 2024 for services that his firm says were provided to the Jackson Health Foundation. But Jones is better known as the president of AEE Productions, which on its website claims to have done business for major corporations, such as Coca-Cola, Delta Airlines and Walmart, along with NASCAR and 100 Black Men of America. The Jackson Health Foundation was also one of its clients, according to a testimonial by Gatlin. 'Working with AEE Productions is always an exciting time for me. They listen to my ideas and help me create 'the wow' that I am looking for during each event,' reads an online testimonial by Gatlin on AEE Productions' website. 'I have been working with Yergan and his team for over 15 years and each event is better than the last one. Financial records obtained by the Herald show the Jackson Health Foundation received millions of dollars worth of invoices ranging from $5,900 to $81,500 each from Jones' company. American Sound Design claimed in those bills that it provided lighting, sound, staging and production management services for events at Jackson Health System or the Foundation, the invoices show. But the Gatlin indictment says that Jones' company, though not identified by name, never provided any of these services. It's unclear from the indictment how many of these events hosted by the Foundation even took place.
