American U. in Bulgaria (Blagoevgrad): Announced the retirement of Norma S. Tucker, director of development and university relations, effective in September. Capital Research Center (Washington): Appointed John K. Carlisle, director of the Environmental Policy Task Force at the National Center for…
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. June 2001 6.0% May 5.8% April 6.0% March 6.2% February 6.2% January 6.8% December…
Write-Offs: Hearing on IRS Sanctions; Tax Agency Issues Ruling on Foundation
By ELIZABETH SCHWINN The I.R.S. has scheduled a hearing for July 31 to discuss regulations designed to crack down on people who receive improper financial benefits from tax-exempt organizations. The Treasury Department issued temporary regulations to enforce the so-called intermediate sanctions law…
By Elizabeth Schwinn
Contributor
Treasury Declines Request for Competition Report
By ELIZABETH SCHWINNThe Treasury Department has decided not to prepare a report that members of Congress had requested on competition between for-profit and nonprofit health and fitness organizations. The department told the House Small Business Committee that the agency believes current tax laws…
By Elizabeth Schwinn
Contributor
I.R.S. Seeks to Simplify Salary-Disclosure Rules
By ELIZABETH SCHWINNNonprofit organizations are being asked by the I.R.S. for their suggestions on how to simplify salary-disclosure requirements. The tax agency said it was concerned that many charities have said the rules are too hard to follow. Charities are required to list the salaries of…
By Elizabeth Schwinn
Contributor
IRS Acts to Ease Overseas Grant Making
By ELIZABETH SCHWINNThe Internal Revenue Service has issued a statement that could make it easier for private foundations to award grants to organizations outside the United States. The statement is intended to reduce the amount of paperwork foundations must do when awarding overseas grants. Before…
By Elizabeth Schwinn
Contributor
The following awards have been presented for work in management, philanthropy, and volunteerism: Corporate giving. President Bush and the Conference Board have named the recipients of this year’s Ron Brown Awards for Corporate Leadership: -- Alcoa (Pittsburgh) for its safety program, which reduced…
Cost Efficiency Doesn’t Sway Donors, Study Shows
Strategic Positioning and the Financing of Nonprofit Organizations: Is Efficiency Rewarded in the Contributions Marketplace?, by Peter Frumkin and Mark T. Kim, examines the question of whether donors reward nonprofit groups that demonstrate superior financial and operational efficiency. Mr.…
By Janine E. Guglielmino
Contributor
Foundation Support for Environmental-Justice Projects
Green of Another Color: Building Effective Partnerships Between Foundations and the Environmental Justice Movement, by Daniel R. Faber and Deborah McCarthy, presents the findings of a year-and-a-half-long study of foundation grant making to environmental-justice causes. An estimated 0.2 percent of…
By Janine E. Guglielmino
Contributor