Status and recent results of drives for endowments, capital improvements, and other needs Started or announced To conclude Goal Amount raised Purpose American Society for Technion -- Israel Institute of Technology (N.Y.) 1996 2006 $750,000,000 $342,000,000 To support this technical university based…
Court Rules Organization Is Not a Charity
A federal district court has ruled that an organization in Washington that helps donors make anonymous gifts to charities does not itself qualify as a charity. The decision could lead to increased scrutiny by the IRS of groups applying for tax-exempt status, said a lawyer for the organization. The…
By Ian Wilhelm
Contributor
Tax Agency Provides Disaster-Relief Information
Donors and charities trying to assist victims of the September 11 terrorist attacks can turn to a new source of information from the IRS. The IRS has posted on its Web site the names of such organizations that have been granted tax-exempt status under an expedited process used by the revenue…
By Debra E. Blum
Contributor
IRS Handbook Offers Advice on Benefits, Forms
The IRS is giving its agents new suggestions on how to handle a range of issues that may arise during charity audits and other reviews. Among the nine topics discussed by the tax agency: recent developments in law and regulations governing federal policy for charities that pay excess compensation…
By Debra E. Blum
Contributor
IRS to Step Up Charity Regulation
The Internal Revenue Service, which has been under fire from Congress, charity leaders, and tax lawyers for failing to do enough to regulate tax-exempt groups, plans to dramatically increase its efforts next year. In detailed new “implementing guidelines” adopted by the tax agency’s charity…
By Elizabeth Schwinn
Contributor
Former Editor Continues Pursuit of Excellence –Â in Philanthropy
As an editor of The Wall Street Journal, Adam Meyerson was dedicated ALSO SEE:About Adam Meyerson, President of Philanthropy Roundtable to telling company managers how they could succeed in business. Today, Mr. Meyerson, 48, is a manager himself as the newly appointed president of the Philanthropy…
By Ian Wilhelm
Contributor
Drop in Assets Prompts Cuts in Freedom Forum’s Activities
A 30-percent erosion in the value of the Freedom Forum’s assets in the past two years has prompted plans to consolidate its offices and trim its staff. The foundation, which runs the Newseum, an interactive news-media museum in Arlington, Va., as well as programs for journalists, said it would…
By Stephen G. Greene
Contributor
‘Bloomberg Personal Finance’: Advice for Donors
The November issue of Bloomberg Personal Finance magazine features a collection of articles on philanthropy designed to help donors take advantage of a wide range of giving options. Among the articles in the issue: Giving circles, which operate a lot like investment clubs, are growing in…
By Ian Wilhelm
Contributor
‘Washington Monthly’: AmeriCorps’s Future
The federal government’s AmeriCorps program, which provides college-age Americans with opportunities to work at nonprofit organizations, should be turned into a larger effort to make either civilian or military national service a “rite of passage” for young people, writes Sen. John McCain,…
By Ian Wilhelm
Contributor
Bits: Job Openings by E-Mail, and an Archive of Politicians’ Promises
A new e-mail notification service publicizes job openings in nonprofit technology. It is run by Deborah Elizabeth Finn of TechFoundation, in Cambridge, Mass. To subscribe: Go to http://groups.yahoo.com/group/Nonprofit_Tech_Jobs. The California Voter Foundation has added an Archive of Campaign…
By NICOLE WALLACE
Features Editor