Rebates Sent to Charity Are Deductible
By Elizabeth Schwinn People who direct their credit-card companies to donate rebates to charity may deduct the rebates from their income taxes, the IRS has ruled. A credit-card issuer proposed to offer a credit card to benefit charity. Customers who use the card would earn a rebate on their…
IRS Seeks Comment on Form 990 Changes
By Elizabeth Schwinn The IRS is seeking comment on a number of changes it has recently made or proposes to make to Form 990, the informational tax return that nonprofit groups file each year with the revenue service. The proposed changes would require many groups to provide more information about…
IRS Gives Approval to Car-Donation Plans
By Elizabeth Schwinn A pair of recent Internal Revenue Service rulings give a green light to two charities’ car-donation programs run by outside companies, raising concerns among some tax attorneys that the IRS is not doing enough to police the programs, despite tough rhetoric. According to the…
A Federal Researcher Turns to the Nonprofit World
After decades of crunching numbers for the federal government, Gordon W. Green will bring his love of statistics and their uses to the nonprofit world. As the new vice president of research at Independent Sector, Mr. Green will attempt to boil down a jumble of figures into a better understanding of…
By Michael Anft
Contributor
The following awards have been presented for achievement in fund raising, nonprofit leadership, philanthropy, and other areas: Arts management. The John F. Kennedy Center for the Performing Arts (Washington) has announced the recipients of the 2002-3 Vilar Fellowships for Arts Management. The…
‘Hispanic Business’: Growth of Nonprofit Groups
The Mexican American Opportunity Foundation, in Montebello, Calif., spends more than any other nonprofit group in the country that serves Hispanics, says Hispanic Business magazine (September). The organization poured $42.5-million into projects in California, primarily helping troubled families,…
Giving art to museums takes the same skills that are used to collect artworks, says Art News (September): “a keen eye, savvy negotiation skills, and a deep appreciation and understanding of the subject.” Museums will become increasingly dependent on donations of artworks, the magazine speculates,…
Advice on Establishing a Family Foundation
Splendid Legacy: the Guide to Creating Your Family Foundation, edited by Virginia M. Esposito, provides a plan for families establishing foundations, as well as advice and personal anecdotes from families that have already created them. The first part of the publication covers the basics: how to…
By Katy Marquardt
Contributor
How Company Foundations Can Ensure They Comply With Federal Laws
Corporate Giving and the Law: Steering Clear of Trouble, by John A. Edie, is based on the premise that the typical corporate-giving officer has a lot to learn about the Internal Revenue Code, much of which is not easy to grasp. This guide gives basic information and brief explanations of the IRS’s…
By Katy Marquardt
Contributor
How Nonprofit Groups Can Start Businesses
Venture Forth: the Essential Guide to Starting a Moneymaking Business in Your Nonprofit Organization
By Katy Marquardt
Contributor