Key lawmakers ask fundamental questions about the types of organizations that deserve tax exemptionsWashington One of the most powerful lawmakers on Capitol Hill last week opened a wide-ranging inquiry into nonprofit organizations, raising fundamental questions about what constitutes a charity and…
By Harvy Lipman and Elizabeth Schwinn
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 2005 5.2% April 5.0% March 4.6% February 4.6% January 4.6% December 2004 4.2%…
Former Opera Singer Hits High Note Helping Newark’s Children
Newark, N.J. It is a cold Tuesday morning, and William Madsen has just arrived at the end of his commute. Each weekday he leaves his home in Maplewood, N.J., an affluent town of 24,000, for nearby Newark. The distance between the two places registers a scant five miles, but they are different…
By Jennifer C. Berkshire
Contributor
Status and recent results of drives for endowments, capital improvements, and other needs Started or announced Closing date Goal Amount raised Purpose ALS Association (Calif.) May 2000 2005 $25,000,000 $16,000,000 For medical research Cleveland Institute of Music Feb. 2005 Nov. 2006 $40,000,000…
Closing the Doors at a Big Philanthropy
As president of the F.W. Olin Foundation, Lawrence W. Milas has spoken at the dedication of more than 30 college and university buildings the philanthropy has financed. And at most of the ceremonies, Mr. Milas says, he has made the same remark: “The power of philanthropy is mighty indeed.” What he…
By Debra E. Blum
Contributor
Grant Makers Receive Honors for Creative Communications Efforts
The Council on Foundations at its annual conference in San Diego this week honored 83 foundations for outstanding ALSO SEE:Wilmer Shields Rich Awards for Excellence in Communications annual and biennial reports, newsletters, public-information campaigns, special reports, and Web sites. Given every…
By Maria Di Mento
Senior Editor
Report Calls Nonprofit Groups a ‘Bright Spot’ in Massachusetts Economy
The Massachusetts Nonprofit Sector: An Economic Profile, by Rachel Deyette Werkema and Greg Leiserson, is an analysis of the role nonprofit organizations play in the state’s economy. The report finds that nonprofit groups employ more than 13 percent of the state’s work force, almost double the…
By Caroline Preston
Contributor
Nonprofit Groups Are ‘Economic Engine’ in Washington Region, Report Says
The Business of Doing Good in Greater Washington: How the Nonprofit Sector Contributes to the Region’s Economyassesses the economic impact of nonprofit organizations in the Washington, D.C., area. Conducted with support from the Eugene and Agnes E. Meyer Foundation and America Online, the study…
By Caroline Preston
Contributor
How Philanthropy Can Help Heirs Learn Financial Responsibility
Philanthropy, Heirs & Values: How Successful Families Are Using Philanthropy to Prepare Their Heirs for Post-Transition Responsibilities
By Caroline Preston
Contributor