Va. Businesswoman Donates $5-Million
Sheila C. Johnson, co-founder of Black Entertainment Television and the president of the WNBA’s Washington Mystics, has given $5-million to the University of Virginia’s Curry School of Education for programs to help young children, reports The Washington Post. The gift will support research on…
U.S. Lags Behind Other Countries in Microfinance
The practice of awarding small loans is gaining steam as a philanthropic venture overseas, especially among extremely wealthy technology entrepreneurs, reports The Wall Street Journal. But similar efforts in the United States struggle to receive the same kind of attention, the paper says. According…
Fund for Firefighters’ Families Hits Tax Obstacles
A United Way in Riverside County, Calif., hopes to give more than $1-million for the families of deceased firefighters, but it may not be able to distribute the money due to tax concerns, reports The Los Angeles Times. In managing the money for the families of five federal firefighters who were…
Charity Award Presented for Foreign-Service Work
The Associates of the American Foreign Service Worldwide has presented the Secretary of State’s Award to five State Department employees and spouses for good works done abroad, reports The Washington Post. The recipients are: Steven Carroll, who collected clothes and money for children in…
Sex, Drugs, and … Charity? Brain Study Finds New Links
The warm glow that many donors get from giving to charity involves the same brain mechanisms that evoke pleasurable sensations after sex, eating good food, and using heroin or other drugs, a new study has found. To examine the interplay of self-interest and altruistic behavior, researchers at the…
By Holly Hall
Contributor
A corporate foundation lets employees guide its philanthropic choicesMany companies encourage their workers to volunteer. But the U.S. philanthropic arm of Credit Suisse, the Swiss investment bank, takes that philosophy one step further: It restricts most of its grants to charities that can provide…
By SUZANNE PERRY
Contributor
Since 1864 more than 300,000 veterans have been buried beneath simple white headstones at Arlington National Cemetery, in Virginia. To honor their service, volunteers have gathered at the cemetery each December since 1992 to place 5,000 wreaths on graves. The volunteers are recruited by the Maine…
By nicole lewis
Contributor
Interest Rates for Planned Gifts
Following are the interest rates, provided by the Internal Revenue Service, for computing charitable deductions for charitable remainder trusts, gift annuities, charitable lead trusts, and some other deferred gifts. December 2006 5.8% November 5.6% October 5.8% September 6.0% August 6.2% July 6.0%…