At Senate hearing, nonprofit leaders voice concerns as lawmakers prepare rules to stem abusesWashington Lawmakers are preparing to introduce an ambitious legislative package that they say could alter the ALSO SEE:Charities and Foundations Take Steps to Improve Accountability, Studies Find nonprofit…
By Brad Wolverton
Contributor
More Americans Are Responding to Direct-Mail Appeals, Survey Finds
Americans are increasingly responding to direct-mail solicitations from charities with gifts or other ALSO SEE: Who Responds to Nonprofit Direct Mail expressions of interest, according to a new survey. Nearly 60 percent of people who read such mailings said they had made some type of response in…
By Holly Hall
Contributor
Fund Raisers Urge Lawmakers Not to Make Changes in Charity Write-Offs
Baltimore The improved economy has made it easier for charities to bring in large sums, but new regulations Congress has been considering could put a big damper on fund raising, said many of the more than 4,000 people gathered here last week for the annual meeting of the Association of Fundraising…
By BRENNEN JENSEN
Contributor
National office urges local United Ways to make changesUnited Way of America has issued new standards for its 1,350 independent local affiliates that reflect the changing nature of the organization. The standards urge the affiliates to identify community problems, raise money to solve them, and…
By Debra E. Blum
Contributor
New Report Examines Health-Care Conversion Funds
More than $18-billion is now held by grant-making organizations created after nonprofit health-care groups ALSO SEE: Health-Care ‘Conversion’ Philanthropies converted to for-profit status, a nearly $2-billion increase over 2003, a new report says. The report by Grantmakers in Health, a Washington…
By Caroline Preston
Contributor
Business School Receives $30-Million; Other New Gifts
Two institutions have received big gifts: The University of California at Irvine has received $30-million from Paul Merage to endow professorships, increase scholarships and financial aid, and support faculty research at its Graduate School of Management. Mr. Merage, of Newport Beach, Calif., who…
$100-Million Pledged for New University in Israel
An Israeli businessman who has produced dozens of Hollywood movies has pledged $100-million to establish a new university in northern Israel. The film mogul, Arnon Milchan, 60, whose production company, Regency Enterprises, backed such box-office hits as Free Willy, JFK, L.A. Confidential, and the…
By M.J. Prest and Haim Watzman
Rise in Foundation Giving Expected to Be Small This Year, Report Says
Foundation giving rebounded last year, hitting a record high of $32.4-billion and is expected to rise ALSO SEE: Foundation Giving Trends, 2003 modestly this year, according to a new report issued by the Foundation Center, in New York. The 66,000 grant-making foundations in the United States…
By BRENNEN JENSEN
Contributor
Close Monitoring of Charitable Trusts Adds Up to Big Sums for One Group
In the past few years, hundreds of charities have won millions of dollars in legal settlements from banks accused of ALSO SEE:Loss of TrustBank Sues Philadelphia Trust in Quest for Additional Compensation misdeeds. Convinced that banks are mismanaging charitable trusts and other philanthropic…
By Brad Wolverton
Contributor
Bank Sues Philadelphia Trust in Quest for Additional Compensation
Many beneficiaries of charitable trusts have been taking banks to court in recent years to argue that the ALSO SEE:Loss of TrustClose Monitoring of Charitable Trusts Adds Up to Big Sums for One Group financial institutions have improperly handled trust money. But sometimes banks sue nonprofit…
By Brad Wolverton
Contributor