‘Inc.’: An Entrepreneurial Nonprofit Organization
In 1965, ceramics and jazz -- and a high-school art teacher -- helped to keep Bill Strickland from dropping out of school. Today, a nonprofit organization he founded is giving thousands of young people each year the same chance to come under the spell of art and music, reports Inc. magazine…
By Caroline Preston
Contributor
IRS Issues Proposed Rules on Benefits, Tax Status
The Internal Revenue Service has released proposed regulations designed to explain when it should revoke the tax exemption of a charity whose officials were already in trouble for receiving excessive benefits from the organization. In 1996, the federal government enacted a law that gave the IRS the…
By GRANT WILLIAMS
Contributor
Vacation-Gift Program to Help Relief Charities
Commissioner of Internal Revenue Mark W. Everson is urging charities that help Hurricane Katrina victims to encourage companies to promote an unusual effort that allows employees to use their vacation days to benefit relief groups. The Internal Revenue Service and Treasury Department announced that…
By GRANT WILLIAMS
Contributor
The following awards have been presented for work in advocacy, fund raising, nonprofit leadership, philanthropy, and other areas. Community development. Ashoka (Arlington, Va.) has announced the three winners of its Changemakers Innovation Award Competition on How to Build a More Ethical Society,…
New York U. Kicks Off Drive for Law School
The New York University School of Law has received five pledges of $10-million or more to kick off the public phase of its capital campaign, announced on September 19. The gifts are among $165-million already raised for the campaign, which seeks to bring in $400-million by the end of 2009. Rita…
By Caroline Preston
Contributor
Tufts University to Receive $25-Million From Founder of eBay; Other Gifts
Four institutions have received big gifts: Tufts University, in Medford, Mass., has received a $25-million pledge from Pierre and Pam Omidyar for student aid. The gift is designed to help the university adopt a need-blind admissions policy that would expand the number of undergraduate scholarships…
MacArthur Foundation Names 25 Recipients of ‘Genius’ Prizes
The John D. and Catherine T. MacArthur Foundation, in Chicago, has announced the 25 recipients of its 2005 MacArthur Fellowships. The fellowships, commonly referred to as the “genius awards,” recognize people in a wide range of fields who demonstrate exceptional creativity and originality and the…
By MARTY MICHAELS
Contributor
Grant Makers Pledge $200-Million to Improve African Colleges and Universities
Six of the wealthiest U.S. foundations have pledged to provide $200-million over five years to improve colleges and ALSO SEE:Big Pledges to Take on Big Problems universities in Africa to support what they described as a “quiet revolution” in the continent’s academic resources. The commitment, which…
By Ian Wilhelm
Contributor
Big Pledges to Take on Big Problems
Conference sponsored by former president Clinton nets $112-million in commitments to combat global illsNew York Wealthy individuals, foundations, and corporations have pledged at least $112-million as part of an effort by ALSO SEE:Grant Makers Pledge $200-Million to Improve African Colleges and…
By Ian Wilhelm
Contributor
Benefit Concerts Raise Millions for Katrina’s Victims
The music industry has responded to Hurricane Katrina with a flurry of fund-raising concerts that ALSO SEE:Special Report: Hurricane Relief industry observers say is unprecedented. Beginning with the “Shelter From the Storm” event, broadcast on 26 television networks September 9, musicians from…
By Harvy Lipman
Contributor