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 Bates College (Me.) Oct. 2004 June 2006 $120,000,000 $101,000,000 For academic programs, endowment, financial aid, facilities, and general…
American Foundation for Suicide Prevention (New York): Appointed Paula Clayton, a professor of psychiatry at the U. of New Mexico’s School of Medicine (Albuquerque), to be medical director. Arts Foundation of Cape Cod (Centerville, Mass.): Appointed Lisa Hergenrother, acting director and former…
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…
Tax Agency Adjusts Rules on Charitable Deductions
The Internal Revenue Service has announced several changes affecting charitable donations for the 2006 tax year, updating tax rules to take inflation into account. One change affects the way donors calculate their charitable deductions. Federal law allows donors to take deductions only for the…
By Elizabeth Schwinn
Contributor
Tom Fox, an American aid worker with Christian Peacemakers who was kidnapped along with three colleagues in Iraq last year, was absent from the latest videotape to surface of the abducted humanitarians, reports the Associated Press. The three hostages shown, all of whom are Canadian, appear to be…
Richard Cavanagh, president of Conference Board, the research group that assembles the Consumer Confidence Index and other economic reports, has resigned, reports the Associated Press. No successor has been named for the New York nonprofit group, but Mr. Cavanagh has agreed to remain until one is…