Charities Assist Middle East Refugees
With an estimated 500,000 people displaced from Lebanon and Israel, organizations offering humanitarian aid to refugees are looking for donations to continue their relief services, reports The Wall Street Journal. United Jewish Communities, an umbrella group for Jewish federations, created an…
Fund Donates $1-Billion to Create Research University in India
The Anil Agarwal Foundation, created by the chairman of Vedanta Resources, has pledged $1-billion to establish a large university in the Indian state of Orissa, the largest donation ever given to a single higher-education institution, reports The Chronicle of Higher Education. Mr. Agarwal, who made…
Chicago Hospitals Make a Financial Turnaround
Rush University Medical Center and three affiliated hospitals in Chicago are set to begin investing $1-billion in capital needs over the next five years, reports the Chicago Tribune. The surge in spending comes after Rush pulled itself out of a longtime operating-performance slump, during which it…
Gates Fund to Give $287-Million for AIDS Vaccine
Gates Foundation to award $287-million to help develop an AIDS vaccine
New Jersey Symphony Taps Endowment
New Jersey Symphony taps into its endowment to cover costs after debacle with rare instruments
Federal Aid Will Support Charities’ Marriage Programs
Many nonprofit groups that work with low-income people are teaching new parents how to build strong, workable marriages, and they are seeing signs of success, reports The New York Times. Members of Congress and the Bush administration have been encouraging these types of classes and earmarking…
New Magazine Spotlights Young Philanthropists
The editors of Good, a new magazine that will start publishing in September, are hoping to attract affluent readers in their 20s and 30s who are interested in results-driven philanthropy, The Wall Street Journal reports. The magazine’s founder, Ben Goldhirsh, is incorporating charitable giving into…
The following awards have been presented for work in advocacy, fund raising, nonprofit leadership, philanthropy, and other areas. Arts. The McKnight Foundation (Minneapolis) has presented its 2006 Distinguished Artist Award to Lou Bellamy, artistic director of the Penumbra Theatre Company (St.…
IRS Seeks Public Comments on New Tax-Shelter Law
By Elizabeth SchwinnThe Internal Revenue Service has asked nonprofit groups and others to comment on how the agency should enforce a law Congress passed last month to impose steep fines on charities, churches, and other tax-exempt groups that participate in abusive tax shelters. The law, which…
By Elizabeth Schwinn
Contributor
Tax Agency Gets Advice on Charity Tax Forms
By Elizabeth SchwinnIn an effort to speed up a long-awaited update of Form 990, the federal informational tax return charities are required to file, an Internal Revenue Service advisory committee has proposed seven principles for the tax agency to follow in making changes. The advisory committee…
By Elizabeth Schwinn
Contributor