Israeli University to Get $100-Million for Engineering Institute; Other Gifts
Eight institutions have received large gifts or pledges: The American Technion Society, in New York, has received a $100-million pledge from Alfred E. Mann, chairman of Advanced Bionics Corporation, in Sylmar, Calif., to establish a biomedical-engineering institute at the Technion-Israel Institute…
80% of Foundations Expect Giving to Increase or Stay the Same in 2004
A lingering stock-market slump and the after-effects of substantial endowment losses since 2000 ALSO SEE:Foundation Giving Trends, 2002 prompted foundations to decrease their giving by 2.5 percent last year, according to one of two new reports issued by the Foundation Center. Giving had also…
By Stephen G. Greene
Contributor
Helping the Poor to Save: Recent Foundation Grants
Annie B. Casey Foundation (Baltimore): To help credit unions expand their services to families ALSO SEE:A New Way to Curb PovertyAn Idea to Help the Poor Runs Into Snags that don’t use banks: $90,000 to the Woodstock Institute (Chicago). Fannie Mae Foundation (Washington): To support programs that…
An Idea to Help the Poor Runs Into Snags
Once heralded by nonprofit leaders as the best way to increase saving rates among the poor, so-called individual ALSO SEE:A New Way to Curb PovertyHelping the Poor to Save: Recent Foundation Grants development accounts have yet to catch on with many institutions that would finance them. That has…
By Michael Anft
Contributor
Grant makers focus on problems caused by lack of financial savvyBaltimore Cathy Hill lives from paycheck to paycheck. A receptionist at a southwest Baltimore community center, Ms. Hill’s ALSO SEE:An Idea to Help the Poor Runs Into SnagsHelping the Poor to Save: Recent Foundation Grants money…
By Michael Anft
Contributor
Photograph by Ashley WellsSailing the world -- and the World Wide Web -- a New York charity is working to connect children in the city’s public schools to the universe beyond their own neighborhoods. Since its founding in 1998, Reach the World has run two round-the-world voyages. Crew members serve…
How Whistle-Blower Policies Protect Charity Workers Who Report Ethics Lapses
IN THE TRENCHES By Alison Stein Wellner Trying to decide whether to report something suspicious that they have observed on the job can fill employees with anxiety. Speak up about the maintenance contract awarded to the boss’s father-in-law, for example, or about inappropriate use of a charity’s…
By Alison Stein Wellner
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. April 2004 3.8% March 4.0% February 4.2% January 4.2% December 2003 4.2% November…
ALS Association (Calabasas Hills, Calif.): Appointed Gary A. Leo, senior vice president for development at Cedars-Sinai Medical Center (Los Angeles), to be president and chief executive officer. The association supports research and services related to amyotrophic lateral sclerosis, also known as…