Photograph by Joseph SorrentinoNonprofit food banks and soup kitchens are facing staggering demands to feed hungry people as the country’s economy continues to slip. Nearly 9 out of 10 organizations that responded to a recent survey conducted by America’s Second Harvest, a network that distributes…
Agency Releases Data on Nonprofit Finances
The Internal Revenue Service has issued a report tracing the growth of charities from 1997 to 1998. The number of charities in the United States that filed Form 990 and Form 990-EZ informational tax returns with the government rose from 198,957 in 1997 to 207,273 in 1998, an increase of 4.2…
By Grant Williams
Contributor
Deductions Rise, Says IRS Report
New statistics released by the Internal Revenue Service show that deductions claimed for charitable contributions rose from $109.2-billion in 1998 to an estimated $125.8-billion in 1999, an increase of 15.2 percent. The jump marked the fourth straight year that charitable deductions claimed by…
By Grant Williams
Contributor
Allegheny Lutheran Social Ministries (Hollidaysburg, Pa.): Appointed Barbara R. Taylor, division director for the March of Dimes Birth Defects Foundation (Duncansville, Pa.), to be director of development. American Refugee Committee (Minneapolis): Appointed Hugh Q. Parmer, former assistant…
Philanthropy and President Bush’s Budget: the Key Proposals
Spending in fiscal 2002 Proposed for fiscal 2003 Arts and Culture Corporation for Public Broadcasting 1 $350,000,000 $365,000,000 Historic preservation $74,500,000 $67,000,000 Institute of Museum and Library Services $194,977,000 $210,742,000 National Endowment for the Arts $115,000,000…
Interest Rates for Planned Gifts
From the issue dated February 21, 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. February 2002 5.6% January 5.4% December…
Status and recent results of drives for endowments, capital improvements, and other needs Started or announced To conclude Goal Amount raised Purpose Barton College (N.C.) Feb. 2001 Feb. 2006 $21,000,000 $14,200,000 For endowment, capital improvements, scholarships, endowed chairs, and a…
Amounts Raised and Distributed by Charities Collecting Money for September 11 Recovery Efforts
AMERICAN RED CROSSName of fund: Liberty Disaster Relief Fund
Job Vacancies Persist at Charities in San Francisco Bay Area
Charities in the San Francisco Bay Area spent much of the last decade competing for staff members in a vibrant local economy. But the recession that started nearly a year ago has done little to make it easier to fill vacancies, according to a new study. The analysis, by CompassPoint Nonprofit…
By DAVID WHELAN
Contributor