Frustrated by their inability to find high-quality, low-cost care for their preschool youngsters, parents at Temple B’nai Abraham, in Decatur, Ill., banded together 35 years ago to create their own program. Today, the Cooperative Nursery School is still operating, offering half-day programs to 38…
Committee Says Donors Exaggerate Value of Artwork
The Internal Revenue Service’s Art Advisory Panel has recalculated the value of hundreds of pieces of artwork for which deductions were claimed by taxpayers who donated them to charities or left them to heirs. As it has in the past, the advisory panel found that many people exaggerated the value of…
By Elizabeth Schwinn
Contributor
Allied Jewish Federation of Colorado (Denver): Appointed Doug Seserman, executive vice president and chief marketing officer at Qwest Digital Media (Denver), to be president and chief executive officer. Anderson House (Whitehouse Station, N.J.): Appointed Leslie M. Lukas, assistant to the executive…
Interest Rates for Planned Gifts
From the issue dated May 16, 2002 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. May 2002 6.0% April 5.6% March 5.4% February 5.6%…
Status and recent results of drives for endowments, capital improvements, and other needs Started or announced To conclude Goal Amount raised Purpose Catawba College (N.C.) May 1997 May 2002 $56,500,000 $55,100,000 For endowment, new facilities and renovations, technology, and operating support…
What Her First Job at a Food Bank Taught a Nonprofit Recruiter About the Organization of Charities
ENTRY LEVEL Susan Egmont Age: 48 First job: Associate director, Atlanta Food Bank, Atlanta Current job: Principal, Egmont Associates, Norwell, Mass. In the early 1980s, my church in Atlanta set up a homeless shelter and recruited me as a volunteer to plan the shelter’s meals. Another church, St.…
How a Medical School Reinvented Its Fund-Raising Appeal to Its Employees
BRAINSTORMS By Heather Joslyn When Barbara L. Walker became development director at Baylor College of Medicine six years ago, she began raising money for the Houston college’s capital campaign. But this drive, dubbed Investment in Discovery, would differ greatly from previous efforts. Ms. Walker,…
By HEATHER JOSLYN
Contributor
IRS Issues Final Rules on Corporate Sponsorship
Elizabeth Schwinn The Internal Revenue Service has issued final regulations designed to guide charities that enlist corporations to support nonprofit events. The government’s proposal clarifies when charities can accept corporate sponsorships and avoid paying unrelated-business income tax on…
By Elizabeth Schwinn
Contributor
Bushes, Cheneys Release Charitable-Giving Data
President George W. Bush and Laura Bush gave $82,700 to churches and charities last year, 11.6 percent of their taxable income of $711,453.
By GRANT WILLIAMS
Contributor