U. of Michigan Receives $44-Million for Diabetes Research; Other Gifts
Three organizations have received large gifts: The University of Michigan Health System, in Ann Arbor, has received $44-million from Bill and Dee Brehm, of McLean, Va., to establish a research center devoted to finding a cure for type 1 diabetes, which is usually diagnosed in children and young…
Charity Returns Grant Money Over Antiterrorism Provision
The Drug Policy Alliance, a group in New York that advocates changes in the nation’s drug laws, has returned $200,000 from the Ford Foundation to protest an antiterrorism clause in Ford’s standard grant agreement. In a letter to supporters, entitled “We’ve Paid a Price for Free Speech,” the…
By Ian Wilhelm
Contributor
U.S. Postal Service Expected to Seek Big Increase in Rates
By Holly Hall Charities are bracing for a battle over the size of the next postal-rate increase, which is expected to be proposed early next year and take effect in 2006. Nonprofit postage rates could increase from 6 percent to 18 percent, on average. Whether charities will see single- or…
By Holly Hall
Contributor
Charity seeks to create jobs by collecting patent rightsManhattan, Kan.
By Brad Wolverton
Contributor
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. December 2004 4.2% November 4.2% October 4.4% September 4.6% August 4.8% July 5.0%…
American Committee for the Weizmann Institute of Science (New York): Appointed James Gurland, assistant director at the Jewish Community Foundation of MetroWest (Whippany, N.J.), to be associate director for the New York region and director for New Jersey. AACA Museum (Hershey, Pa.): Appointed Chad…
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…
People who use their cars in their volunteer work for charities continue to fare poorly in the federal tax code compared with those who use their automobiles for business purposes. Under the law, volunteers may deduct 14 cents a mile for their car costs (or be reimbursed by a charity at that rate…
By Grant Williams
Contributor