U.S. restrictions hamper nonprofit efforts in CubaCuba may be only 90 miles from Florida’s shore, but for American nonprofit groups that want to work there, ALSO SEE:Cuban Embargo Hinders Efforts to Restore Hemingway Estate it might as well be Siberia. The longstanding U.S. embargo against the…
By SUZANNE PERRY
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. May 2006 5.8% April 5.6% March 5.4% February 5.2% January 5.4% December 2005 5.4%…
Status and recent results of drives for endowments, capital improvements, and other needs Started or announced Closing date Goal Amount raised Purpose Childrens Hospital Los Angeles April 2003 June 2006 $500,000,000 $556,128,214 For annual support, endowment, facilities, and programs Cleveland…
Alliance for Regional Stewardship (Denver): Appointed David Thornburgh, executive director of the Pennsylvania Economy League (Philadelphia), to be president and chief executive director. The organization will move its headquarters to Philadelphia, effective in June. American Red Cross, Rhode…
Philadelphia Museum Seeks Additional $50-Million
Philadelphia museum seeks additional $50-million
Gates Foundation Shakes Up Stock Holdings
In a filing with the Securities and Exchange Commission, the Bill & Melinda Gates Foundation, in Seattle, reported that its $29-billion endowment held $3.83-billion in stock as of March 31, reports Bloomberg. The foundation sold its shares—$23.1-million—in the India Fund, which invests in Indian…
Foundation Center Announces New Institute
The Foundation Center, in New York, on Wednesday announced the creation of the Alexis Institute for Civil Society and Philanthropy, a think tank that will be operated by the center, according to the organization’s Web site. The board and staff of the Foundation Center plan to raise $10-million for…
Bush-Clinton Katrina Fund Gives $10-Million in New Grants
Bush-Clinton Katrina Fund gives $10-million to Gulf Coast charities and cities