President Appeals to Companies to Expand Giving to Religious Groups
Speaking at a White House conference this month, President Bush called on corporations and foundations to follow the federal government’s lead and make more money available to religious groups that provide social services. But some philanthropy leaders pointed out significant obstacles to making…
By SUZANNE PERRY
Contributor
How Data on Grants Was Gathered
The Chronicle’s annual survey of the nation’s largest private foundations is based on financial information provided by 147 grant makers. Among the 122 foundations that ALSO SEE:DATABASE: Giving Trends at Big FoundationsARTICLE: Slow Growth at the Biggest FoundationsTABLE: How Much Foundations…
By HEATHER JOSLYN
Contributor
Slow Growth at the Biggest Foundations
Assets of wealthy foundations rose by 2.8%, Chronicle’s study findsThe assets of the nation’s wealthiest private grant makers increased modestly last year, leading many foundations to increase their giving in 2006 or keep it about the same as last year, according ALSO SEE: DATABASE: Giving Trends…
By Caroline Preston and Ian Wilhelm
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. March 2006 5.4% February 5.2% January 5.4% December 2005 5.4% November 5.0% October…
Status and recent results of drives for endowments, capital improvements, and other needs Started or announced Closing date Goal Amount raised Purpose Colorado Springs Fine Arts Center Jan. 2006 June 2007 $43,400,000 $21,000,000 For artworks, endowment, and facilities Morehouse College (Ga.) Feb.…
Achieve Tampa Bay (Fla.): Appointed Michael Anton, a district director at the Muscular Dystrophy Association, based in Norfolk, Va., to be director of development. Aquinas Institute of Theology (St. Louis): Appointed Beth Moritz, director of stewardship education and development at Mary Queen of…
Committee Says Donors Exaggerate Value of Artwork
TAX WATCHThe Internal Revenue Service’s Art Advisory Panel has recalculated the value of hundreds of pieces of artwork for which deductions were claimed by taxpayers who donated them to charities or left them to heirs. As it has in the past, the advisory panel found that many people exaggerated the…
By Elizabeth Schwinn
Contributor
Following are summaries of recent reports by the BBB Wise Giving Alliance. This private group reports on whether charities meet standards for fund raising, governance, financial management, and public information. The alliance does not approve or disapprove of charities, and urges potential donors…
Federal Funds Flow to Conservative Groups
Federal aid is flowing to conservative groups under Bush White House