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. November 2004 4.2% October 4.4% September 4.6% August 4.8% July 5.0% June 4.6% May…
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 $73,500,000 For the general endowment and for endowed academic programs, facilities…
The following awards have been presented for work in advocacy, fund raising, nonprofit leadership, philanthropy, and other areas. Arts. The Business Committee for the Arts (Long Island City, N.Y.) and Forbes magazine (New York) have presented their 2004 Business in the Arts Awards, which honor…
CEO Turned Advocacy Into Opportunity for Latinos
Born in a small mining town in poor, rural Mexico, Roger A. Cázares came to the United States as a child, and later took advantage of its opportunities. He then went to work for those for whom such opportunities never came knocking. Mr. Cázares took a leave of absence from a bank job in 1969 to…
By Michael Anft
Contributor
‘Worth’: Science and Philanthropy
Science has captured the attention of a growing number of philanthropists, says Worth magazine (September). For instance, Paul Allen, the co-founder of Microsoft, recently underwrote the first successful privately manned spaceflight, and when NASA terminated a telescope project to search for signs…
By Caroline Preston
Contributor
‘Forbes’: Giving by the Superrich
The net worth of the 400 wealthiest Americans in the United States grew to $1-trillion, up $45-billion from the previous year, according to Forbes magazine’s annual ranking of the nation’s richest people (September 24). Bill Gates, the co-founder of Microsoft, was at the top of the list, with…
By Caroline Preston
Contributor
‘Foreign Policy’: Hurting the Poor
Nonprofit organizations that advocate on behalf of the poor in the developing world often hurt those they seek to help, writes Sebastian Mallaby in Foreign Policy magazine (September-October). The “feisty, Internet-enabled groups” strive to hold the World Bank and other international lending…
By Caroline Preston
Contributor
D.C.-Area Charities Face Hard Times
Human-services charities in the Washington metropolitan area have been laying off staff members and cutting services because of hard economic times, a new study has found. The report on the study, which analyzed the finances of 124 charities, says that many of the groups faced increased demand for…
By Sharnell Bryan
Contributor
Study Explores Capacity of Faith-Based Groups to Assist Youths
The Promise and Challenge of Mentoring High-Risk Youth: Findings From the National Faith-Based Initiative, by Shawn Bauldry and Tracey A. Hartmann, discusses a five-year project that explored the potential of religious organizations to counsel young people who have been in trouble with the law. The…
By Caroline Preston
Contributor