Foundation Site Hit by Pro-China Hackers
By NICOLE WALLACEEarly this month a prominent American foundation found its Web site the target of pro-China hackers angry about the mid-air collision of an American surveillance plane and a Chinese fighter jet. When employees of the John D. and Catherine T. MacArthur Foundation, in Chicago,…
Charities Could Gain From Cisco Layoffs
By NICOLE WALLACEAt a time when many charities are worried that decreased earnings and turbulence in the stock market will dampen corporate philanthropy, organizations in Silicon Valley are poised to benefit from layoffs at Cisco Systems. Last month, Cisco announced that it was eliminating 8,500…
Religious groups already receive billions in federal aid, analysis findsSupporters of the Bush administration’s proposal to funnel millions of dollars in federal money to faith-based groups hail it as a revolutionary way to deliver social services. But the idea is more an extension of existing…
By Harvy Lipman
Contributor
Survey Delineates Typical Prospect Researcher
By NICOLE LEWISThe typical fund raiser who specializes in conducting background research on prospective donors is a college-educated woman aged 35 to 44 who earns between $30,000 and $39,999 annually, according to a new survey. The survey, by the Association of Professional Researchers for…
By nicole lewis
Contributor
New Study Details Giving Habits, Preferences of High-Tech Millionaires
By ELIZABETH SCHWINNThe slowdown of the economy won’t deter donors who made their fortunes in the high-tech economy from continuing to give, according to a new study released by the Association of Fundraising Professionals. The association commissioned Boston College’s Social Welfare Research…
By Elizabeth Schwinn
Contributor
Charities Urged to Trim Gift-Annuity Rates
By ELIZABETH SCHWINNChanges in the financial markets should prompt charities to lower slightly the payout rates they offer to most donors of gift annuities, according to a national organization of planned-giving fund raisers. ALSO SEE: New Gift-Annuity Rates The American Council on Gift Annuities…
By Elizabeth Schwinn
Contributor
Nonprofit Postal Rates to Rise Again on July 1
By NICOLE LEWISThe U.S. Postal Service has raised nonprofit postage rates for the second time in six months. Under the new rates, which will take effect July 1, the cost for nonprofit groups to ALSO SEE: Rates for Standard Nonprofit Mail That Take Effect in July mail a standard letter will rise…
By nicole lewis
Contributor
Andrew Carroll created the all-volunteer Legacy Project three years ago to honor and remember ALSO SEE:Samples of the letters Mr. Carroll has received for the project those who have served this country in wartime by seeking out and preserving their letters. Now, with 50,000 letters in hand, Mr.…
$150-Million Trust Will Benefit 13 Charities in Alabama; Other Gifts to Nonprofit Groups
Three donors have made big gifts: Lucille Stewart Beeson, of Birmingham, Ala., has bequeathed an estimated $150-million to benefit 13 Birmingham-area charities. In her will, Mrs. Beeson directed that the donation be used to endow a perpetual trust, which will pay out a portion of its interest to…
Wallace-Reader’s Digest Funds and New York Attorney General Reach Settlement
By JANET L. FIXNew York’s attorney general has announced a settlement with the Wallace-Reader’s Digest Funds that ends a lengthy legal dispute and gives 13 charities direct control of $1.7-billion in assets. The move also raises questions about the future of the company and charitable foundation…
By Janet L. Fix
Contributor