New Law Challenges Fund Raisers
Charities discover limits in measure to stimulate givingJust days after Congress passed a sweeping new tax law last month, Jeff Comfort, a fund raiser at ALSO SEE:Article: How the New Tax Law Affects Charities: Online Sources of InformationArticle: Fund-Raising Experts Offer Tips on Seeking IRA…
By Elizabeth Schwinn
Contributor
Giving to Community Funds Rose by 34% Last Year
Community foundations received substantial increases in gifts last year, leading to big gains in ALSO SEE:Chart: Community Foundations’ Assets, Gifts, and Grants in 2005 assets and more money available for grants this year, an annual survey by Ohio’s Columbus Foundation has found. Donations to…
By Sue Hoye
Contributor
Natural-History Museum Receives $20-Million Pledge; Other Gifts
Three institutions have received big gifts: The American Museum of Natural History, in New York, received an unrestricted pledge of $20-million from David H. Koch. The money will support the museum’s research and science programs, especially those that focus on evolution and paleontology. Mr. Koch…
By Anne W. Howard
Contributor
Orthodontist Pulls Pledges From Dental Schools
A Florida orthodontist who made pledges that totaled more than $135-million to three dental schools has said that he will not be honoring his commitments, the colleges’ officials have said. Gasper Lazzara, chief executive of the Orthodontic Education Company and Imagine Orthodontics, pledged in…
By Erin Strout
Contributor
Big Changes at the Rockefeller Foundation
The 93-year-old philanthropy stirs up criticism as it looks for new approachesAs one of the world’s most venerable grant makers tries to revitalize its efforts, the Rockefeller Foundation is making major personnel changes and overhauling its giving. Since March 2005, when Judith Rodin joined the…
By Ian Wilhelm
Contributor
Teaching Peace to Elementary-School Kids
When Dawn Engle and Ivan Suvanjieff established the PeaceJam Foundation in 1996, their original idea ALSO SEE:Article: A Nobel Effort for Peace was to link teenagers with Nobel Peace Prize laureates who could serve as living, breathing examples of ways to work toward conflict resolution and peace.…
By MARTY MICHAELS
Contributor
Group has recruited 12 laureates to work with young people Over the past decade, Dawn Engle and Ivan Suvanjieff have been steadily waging peace. The organization they ALSO SEE: Article: Teaching Peace to Elementary-School Kids Info: PeaceJam Foundation: At a Glance founded in 1996, the PeaceJam…
By MARTY MICHAELS
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. September 2006 6.0% August 6.2% July 6.0% June 6.0% May 5.8% April 5.6% March 5.4%…
Status and recent results of drives for endowments, capital improvements, and other needs Started or announced Closing date Goal Amount raised Purpose College of Saint Benedict (Minn.) Sept. 2005 2009 $80,000,000 $55,000,000 For the annual-giving program, facilities, faculty support, and…